Principal Financial Group Inc. Makes New $1.01 Million Investment in Dine Brands Global, Inc. $DIN

Principal Financial Group Inc. acquired a new stake in shares of Dine Brands Global, Inc. (NYSE:DIN) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 38,537 shares of the restaurant operator’s stock, valued at approximately $1,011,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Dine Brands Global in the 4th quarter valued at $26,000. Financial Management Professionals Inc. raised its holdings in shares of Dine Brands Global by 45.4% during the fourth quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 326 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Dine Brands Global during the third quarter worth $27,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Dine Brands Global during the third quarter valued at $50,000. Finally, Tower Research Capital LLC TRC lifted its position in Dine Brands Global by 307.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 1,578 shares during the period. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Dine Brands Global Price Performance

Shares of NYSE:DIN opened at $35.90 on Friday. The business’s 50 day moving average price is $33.80 and its 200-day moving average price is $31.76. Dine Brands Global, Inc. has a 1 year low of $19.58 and a 1 year high of $39.68. The firm has a market capitalization of $455.35 million, a price-to-earnings ratio of 35.54 and a beta of 0.95.

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

Dine Brands Global Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have commented on DIN. Mizuho upped their price target on shares of Dine Brands Global from $30.00 to $36.00 and gave the company a “neutral” rating in a report on Friday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dine Brands Global in a research note on Tuesday, June 9th. Finally, Barclays decreased their price objective on Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Seven investment analysts have rated the stock with a Hold rating, According to MarketBeat, Dine Brands Global currently has a consensus rating of “Hold” and an average price target of $31.60.

Insiders Place Their Bets

In related news, Director Michael Hyter sold 1,800 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $28.88, for a total value of $51,984.00. Following the transaction, the director directly owned 9,315 shares of the company’s stock, valued at approximately $269,017.20. This trade represents a 16.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.73% of the company’s stock.

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.