36,214 Shares in Dine Brands Global, Inc. $DIN Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in Dine Brands Global, Inc. (NYSE:DIN) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 36,214 shares of the restaurant operator’s stock, valued at approximately $895,000.

Other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC raised its stake in shares of Dine Brands Global by 10.6% in the third quarter. Nisa Investment Advisors LLC now owns 10,380 shares of the restaurant operator’s stock valued at $262,000 after acquiring an additional 999 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Dine Brands Global during the 3rd quarter worth about $1,983,000. New Century Financial Group LLC raised its position in Dine Brands Global by 18.7% in the 3rd quarter. New Century Financial Group LLC now owns 54,718 shares of the restaurant operator’s stock valued at $1,353,000 after purchasing an additional 8,629 shares in the last quarter. Olstein Capital Management L.P. boosted its stake in shares of Dine Brands Global by 21.4% in the 3rd quarter. Olstein Capital Management L.P. now owns 310,711 shares of the restaurant operator’s stock valued at $7,681,000 after buying an additional 54,711 shares during the period. Finally, Corient Private Wealth LLC acquired a new position in shares of Dine Brands Global during the second quarter worth about $644,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Price Performance

NYSE DIN opened at $34.38 on Monday. The firm’s fifty day moving average price is $34.08 and its 200 day moving average price is $27.86. Dine Brands Global, Inc. has a 12 month low of $18.63 and a 12 month high of $39.68. The company has a market capitalization of $495.76 million, a price-to-earnings ratio of 15.35 and a beta of 0.97.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, November 5th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.09). Dine Brands Global had a net margin of 3.91% and a negative return on equity of 26.01%. The company had revenue of $216.17 million during the quarter, compared to analyst estimates of $221.61 million. During the same quarter in the prior year, the company earned $1.44 EPS. The business’s revenue was up 10.8% on a year-over-year basis. As a group, sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.76 annualized dividend and a yield of 2.2%. Dine Brands Global’s payout ratio is 33.93%.

Insider Buying and Selling

In other Dine Brands Global news, Director Richard J. Dahl purchased 3,600 shares of Dine Brands Global stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average price of $27.47 per share, for a total transaction of $98,892.00. Following the transaction, the director directly owned 3,600 shares in the company, valued at $98,892. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Howard M. Berk purchased 4,082 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average price of $24.50 per share, with a total value of $100,009.00. Following the purchase, the director owned 41,947 shares in the company, valued at $1,027,701.50. This trade represents a 10.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 8,332 shares of company stock valued at $220,455. 4.56% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DIN. KeyCorp raised their target price on shares of Dine Brands Global from $26.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Barclays raised their price objective on shares of Dine Brands Global from $26.00 to $40.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. Sanford C. Bernstein set a $29.00 target price on shares of Dine Brands Global in a research note on Wednesday, October 22nd. Zacks Research raised Dine Brands Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. Finally, Mizuho raised their price target on Dine Brands Global from $28.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Dine Brands Global presently has a consensus rating of “Hold” and an average price target of $31.29.

Dine Brands Global Profile

Dine Brands Global, Inc is a leading franchisor and operator of full?service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.