SFE Investment Counsel Cuts Stake in Dine Brands Global Inc (DIN)

SFE Investment Counsel lessened its position in shares of Dine Brands Global Inc (NYSE:DIN) by 25.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,285 shares of the restaurant operator’s stock after selling 1,436 shares during the quarter. SFE Investment Counsel’s holdings in Dine Brands Global were worth $348,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DIN. BlackRock Inc. increased its holdings in Dine Brands Global by 5.9% in the second quarter. BlackRock Inc. now owns 2,384,966 shares of the restaurant operator’s stock valued at $178,396,000 after purchasing an additional 133,181 shares during the last quarter. Victory Capital Management Inc. bought a new stake in Dine Brands Global in the second quarter valued at about $46,074,000. Bank of New York Mellon Corp increased its holdings in Dine Brands Global by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 460,808 shares of the restaurant operator’s stock valued at $34,469,000 after purchasing an additional 5,162 shares during the last quarter. Millennium Management LLC increased its holdings in Dine Brands Global by 156.2% in the first quarter. Millennium Management LLC now owns 275,019 shares of the restaurant operator’s stock valued at $18,036,000 after purchasing an additional 167,678 shares during the last quarter. Finally, WINTON GROUP Ltd increased its holdings in Dine Brands Global by 32.1% in the second quarter. WINTON GROUP Ltd now owns 208,376 shares of the restaurant operator’s stock valued at $15,587,000 after purchasing an additional 50,664 shares during the last quarter.

Shares of Dine Brands Global stock traded up $0.87 during trading hours on Wednesday, hitting $80.51. The company’s stock had a trading volume of 9,769 shares, compared to its average volume of 338,753. Dine Brands Global Inc has a 12 month low of $42.05 and a 12 month high of $95.00. The company has a market capitalization of $1.40 billion, a P/E ratio of 19.57 and a beta of 0.06.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results on Wednesday, October 31st. The restaurant operator reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.01). Dine Brands Global had a negative return on equity of 35.19% and a negative net margin of 50.50%. The business had revenue of $194.10 million during the quarter, compared to the consensus estimate of $185.98 million. During the same quarter last year, the company earned $0.91 earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts expect that Dine Brands Global Inc will post 5.18 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Shareholders of record on Thursday, December 20th will be issued a $0.63 dividend. The ex-dividend date is Wednesday, December 19th. This represents a $2.52 annualized dividend and a dividend yield of 3.13%. Dine Brands Global’s dividend payout ratio (DPR) is currently 60.72%.

A number of research firms recently commented on DIN. Zacks Investment Research downgraded Dine Brands Global from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 3rd. Maxim Group reiterated a “buy” rating and issued a $101.00 price objective (up previously from $95.00) on shares of Dine Brands Global in a report on Wednesday, August 1st. Finally, Raymond James downgraded Dine Brands Global from a “strong-buy” rating to an “outperform” rating and upped their price objective for the company from $92.50 to $108.00 in a report on Monday, September 10th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Dine Brands Global has a consensus rating of “Hold” and a consensus price target of $104.00.

In other Dine Brands Global news, SVP Bryan R. Adel sold 10,488 shares of the stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $89.50, for a total value of $938,676.00. Following the completion of the sale, the senior vice president now directly owns 26,895 shares in the company, valued at $2,407,102.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Larry Alan Kay sold 415 shares of the stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $71.81, for a total value of $29,801.15. The disclosure for this sale can be found here. 2.75% of the stock is owned by corporate insiders.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.

Further Reading: Earnings Reports

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Institutional Ownership by Quarter for Dine Brands Global (NYSE:DIN)

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