GDS Wealth Management Trims Stake in Dine Brands Global, Inc. $DIN

GDS Wealth Management lowered its stake in shares of Dine Brands Global, Inc. (NYSE:DIN) by 35.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,615 shares of the restaurant operator’s stock after selling 9,260 shares during the period. GDS Wealth Management owned 0.11% of Dine Brands Global worth $404,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. boosted its position in Dine Brands Global by 33.3% during the second quarter. Mountain Hill Investment Partners Corp. now owns 2,000 shares of the restaurant operator’s stock worth $49,000 after acquiring an additional 500 shares during the last quarter. Aigen Investment Management LP boosted its holdings in shares of Dine Brands Global by 7.0% during the first quarter. Aigen Investment Management LP now owns 10,127 shares of the restaurant operator’s stock worth $236,000 after purchasing an additional 659 shares during the last quarter. AlphaQuest LLC lifted its position in Dine Brands Global by 7.9% during the first quarter. AlphaQuest LLC now owns 11,902 shares of the restaurant operator’s stock worth $277,000 after buying an additional 872 shares during the period. AdvisorShares Investments LLC increased its stake in shares of Dine Brands Global by 36.7% during the 2nd quarter. AdvisorShares Investments LLC now owns 4,474 shares of the restaurant operator’s stock valued at $109,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Quantbot Technologies LP grew its holdings in Dine Brands Global by 11.5% in the first quarter. Quantbot Technologies LP now owns 24,932 shares of the restaurant operator’s stock valued at $580,000 after purchasing an additional 2,562 shares during the period. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Stock Up 0.9%

DIN opened at $26.63 on Thursday. The company’s 50-day moving average price is $25.84 and its 200 day moving average price is $24.56. Dine Brands Global, Inc. has a fifty-two week low of $18.63 and a fifty-two week high of $35.99. The firm has a market cap of $384.05 million, a price-to-earnings ratio of 8.88 and a beta of 1.04.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, November 5th. The restaurant operator reported $0.73 EPS 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 5.40% and a negative return on equity of 31.66%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the company posted $1.44 earnings per share. Research analysts anticipate that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 23rd will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, December 23rd. Dine Brands Global’s dividend payout ratio is presently 33.93%.

Insiders Place Their Bets

In related news, Director Howard M. Berk bought 4,082 shares of the business’s stock in a transaction on Friday, November 7th. The shares were bought at an average cost of $24.50 per share, for a total transaction of $100,009.00. Following the completion of the purchase, the director owned 41,947 shares of the company’s stock, valued at $1,027,701.50. This represents a 10.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.56% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DIN shares. Sanford C. Bernstein set a $29.00 price target on Dine Brands Global in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Dine Brands Global in a report on Wednesday, October 8th. Zacks Research lowered shares of Dine Brands Global from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. KeyCorp boosted their price objective on shares of Dine Brands Global from $26.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, Mizuho upgraded shares of Dine Brands Global to a “hold” rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $26.43.

Dine Brands Global 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.