Seven Six Capital Management LLC Increases Stake in Dine Brands Global, Inc. $DIN

Seven Six Capital Management LLC lifted its position in shares of Dine Brands Global, Inc. (NYSE:DIN) by 24.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 212,400 shares of the restaurant operator’s stock after purchasing an additional 41,225 shares during the quarter. Dine Brands Global accounts for about 5.9% of Seven Six Capital Management LLC’s holdings, making the stock its 5th largest holding. Seven Six Capital Management LLC’s holdings in Dine Brands Global were worth $5,573,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in DIN. Vanguard Group Inc. boosted its position in Dine Brands Global by 10.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,041,335 shares of the restaurant operator’s stock valued at $25,742,000 after buying an additional 101,304 shares during the period. Cibc World Market Inc. grew its position in shares of Dine Brands Global by 14.0% in the 4th quarter. Cibc World Market Inc. now owns 821,184 shares of the restaurant operator’s stock worth $26,393,000 after buying an additional 101,054 shares during the last quarter. Millennium Management LLC increased its stake in shares of Dine Brands Global by 51.2% during 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. Charles Schwab Investment Management Inc. increased its stake in shares of Dine Brands Global by 16.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 377,399 shares of the restaurant operator’s stock valued at $12,130,000 after buying an additional 54,506 shares during the period. Finally, Two Sigma Investments LP raised its holdings in shares of Dine Brands Global by 3.8% during the third quarter. Two Sigma Investments LP now owns 353,292 shares of the restaurant operator’s stock valued at $8,733,000 after acquiring an additional 12,821 shares in the last quarter. 92.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DIN shares. Mizuho cut their price target on shares of Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Zacks Research upgraded shares of Dine Brands Global from a “strong sell” rating to a “hold” rating in a report on Thursday, April 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dine Brands Global in a research report on Tuesday, June 9th. KeyCorp reissued a “sector weight” rating on shares of Dine Brands Global in a research note on Thursday, April 2nd. Finally, Barclays cut their price objective on Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. Seven analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $30.40.

Insider Buying and Selling at Dine Brands Global

In related news, Director Michael Hyter sold 1,800 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $28.88, for a total transaction of $51,984.00. Following the transaction, the director owned 9,315 shares in the company, valued at $269,017.20. This represents a 16.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.73% of the stock is owned by insiders.

Dine Brands Global Trading Up 0.5%

Shares of DIN opened at $36.27 on Thursday. The company has a market cap of $460.33 million, a price-to-earnings ratio of 35.92 and a beta of 0.95. The business’s fifty day simple moving average is $33.57 and its two-hundred day simple moving average is $31.73. Dine Brands Global, Inc. has a 12 month low of $19.58 and a 12 month high of $39.68.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.12). Dine Brands Global had a net margin of 1.77% and a negative return on equity of 23.28%. The business had revenue of $225.20 million for the quarter, compared to the consensus estimate of $222.08 million. During the same period in the previous year, the company earned $1.03 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, research analysts forecast that Dine Brands Global, Inc. will post 4.2 EPS for the current year.

Dine Brands Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Wednesday, June 24th were paid a $0.19 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.1%. Dine Brands Global’s payout ratio is currently 75.25%.

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.