CW Advisors LLC Invests $495,000 in Dine Brands Global, Inc. $DIN

CW Advisors LLC acquired a new stake in Dine Brands Global, Inc. (NYSE:DIN) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 20,325 shares of the restaurant operator’s stock, valued at approximately $495,000. CW Advisors LLC owned about 0.13% of Dine Brands Global as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Millennium Management LLC lifted its holdings in Dine Brands Global by 51.2% in the first quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after buying an additional 172,013 shares during the period. Maverick Capital Ltd. bought a new position in shares of Dine Brands Global in the 1st quarter worth about $3,602,000. Landscape Capital Management L.L.C. raised its position in shares of Dine Brands Global by 670.2% in the 1st quarter. Landscape Capital Management L.L.C. now owns 127,451 shares of the restaurant operator’s stock worth $2,966,000 after acquiring an additional 110,903 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Dine Brands Global by 74.7% in the 1st quarter. AQR Capital Management LLC now owns 235,221 shares of the restaurant operator’s stock valued at $5,474,000 after purchasing an additional 100,580 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Dine Brands Global by 7.4% during the 1st quarter. Vanguard Group Inc. now owns 1,043,716 shares of the restaurant operator’s stock valued at $24,287,000 after purchasing an additional 71,941 shares in the last quarter. Institutional investors own 92.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein set a $29.00 target price on Dine Brands Global in a report on Wednesday, October 22nd. KeyCorp lifted their price objective on shares of Dine Brands Global from $26.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Weiss Ratings raised shares of Dine Brands Global from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, December 3rd. Barclays reduced their price target on shares of Dine Brands Global from $29.00 to $26.00 and set an “equal weight” rating for the company in a report on Thursday, November 6th. Finally, Zacks Research upgraded shares of Dine Brands Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $26.43.

Insider Activity at Dine Brands Global

In other Dine Brands Global news, Director Howard M. Berk bought 4,082 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were purchased at an average price of $24.50 per share, for a total transaction of $100,009.00. Following the purchase, the director directly owned 41,947 shares of the company’s stock, valued at approximately $1,027,701.50. This represents a 10.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard J. Dahl bought 3,600 shares of Dine Brands Global stock in a transaction dated Friday, November 21st. The stock was acquired at an average cost of $27.47 per share, with a total value of $98,892.00. Following the completion of the acquisition, the director owned 3,600 shares of the company’s stock, valued at $98,892. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 8,332 shares of company stock worth $220,455. Insiders own 4.56% of the company’s stock.

Dine Brands Global Stock Up 0.7%

Shares of NYSE:DIN opened at $34.75 on Wednesday. The business’s 50 day moving average is $27.74 and its 200 day moving average is $25.36. Dine Brands Global, Inc. has a 12-month low of $18.63 and a 12-month high of $35.34. The stock has a market cap of $501.05 million, a price-to-earnings ratio of 15.51 and a beta of 0.91.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, November 5th. The restaurant operator reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.09). The company had revenue of $216.17 million for the quarter, compared to the consensus estimate of $221.61 million. Dine Brands Global had a net margin of 3.91% and a negative return on equity of 26.01%. Dine Brands Global’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business posted $1.44 earnings per share. As a group, equities research analysts expect that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd will be paid a $0.19 dividend. The ex-dividend date is Tuesday, December 23rd. This represents a $0.76 annualized dividend and a yield of 2.2%. Dine Brands Global’s dividend payout ratio (DPR) is 91.07%.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.