Dine Brands Global Inc (NYSE:DIN) Shares Sold by Price T Rowe Associates Inc. MD

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Price T Rowe Associates Inc. MD lowered its position in shares of Dine Brands Global Inc (NYSE:DIN) by 14.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,317 shares of the restaurant operator’s stock after selling 2,259 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.08% of Dine Brands Global worth $1,271,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DIN. 6 Meridian increased its holdings in shares of Dine Brands Global by 1.8% in the second quarter. 6 Meridian now owns 6,101 shares of the restaurant operator’s stock valued at $582,000 after purchasing an additional 110 shares during the last quarter. Miles Capital Inc. increased its holdings in shares of Dine Brands Global by 6.4% in the second quarter. Miles Capital Inc. now owns 2,340 shares of the restaurant operator’s stock valued at $223,000 after purchasing an additional 140 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Dine Brands Global by 0.6% in the second quarter. Arizona State Retirement System now owns 27,201 shares of the restaurant operator’s stock valued at $2,597,000 after purchasing an additional 152 shares during the last quarter. SFE Investment Counsel increased its holdings in shares of Dine Brands Global by 4.1% in the second quarter. SFE Investment Counsel now owns 4,050 shares of the restaurant operator’s stock valued at $387,000 after purchasing an additional 160 shares during the last quarter. Finally, Alps Advisors Inc. increased its holdings in shares of Dine Brands Global by 2.2% in the second quarter. Alps Advisors Inc. now owns 7,559 shares of the restaurant operator’s stock valued at $722,000 after purchasing an additional 165 shares during the last quarter.

DIN has been the subject of several recent research reports. ValuEngine cut Dine Brands Global from a “sell” rating to a “strong sell” rating in a report on Friday, October 4th. Maxim Group set a $110.00 price objective on Dine Brands Global and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Barclays assumed coverage on Dine Brands Global in a research report on Thursday, July 11th. They issued an “overweight” rating and a $115.00 price objective for the company. Deutsche Bank reiterated a “buy” rating and issued a $95.00 price objective on shares of Dine Brands Global in a research report on Sunday, October 6th. Finally, Raymond James lowered Dine Brands Global from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $125.00 to $105.00 in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $105.86.

Shares of Dine Brands Global stock opened at $71.37 on Friday. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 13.29 and a beta of 0.41. Dine Brands Global Inc has a fifty-two week low of $65.63 and a fifty-two week high of $104.00. The stock has a 50 day moving average of $72.75 and a 200 day moving average of $86.12.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $1.71 earnings per share for the quarter, missing the consensus estimate of $1.85 by ($0.14). The business had revenue of $228.08 million during the quarter, compared to analysts’ expectations of $233.69 million. Dine Brands Global had a negative return on equity of 59.85% and a net margin of 11.73%. The company’s revenue was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 earnings per share. Equities research analysts predict that Dine Brands Global Inc will post 6.84 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be given a dividend of $0.69 per share. The ex-dividend date is Thursday, December 19th. This represents a $2.76 annualized dividend and a dividend yield of 3.87%. Dine Brands Global’s dividend payout ratio is currently 51.40%.

About Dine Brands Global

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.

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

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