Alliancebernstein L.P. Trims Stock Position in DINE BRANDS GLOBAL, INC. $DIN

Key Points

• Alliancebernstein L.P. has reduced its stake in Dine Brands Global, Inc. by 12.6%, selling 193,345 shares and now owning 1,345,781 shares valued at approximately $31.3 million.
• Dine Brands Global reported a quarterly earnings per share of $1.17, which missed analyst expectations, despite an 11.9% increase in year-over-year revenue to $230.78 million.
• The company announced a quarterly dividend of $0.51, reflecting a yield of 8.6% and a payout ratio of 68.00%, with the dividend to be issued on October 8th.

Alliancebernstein L.P. lessened its stake in shares of DINE BRANDS GLOBAL, INC. (NYSE:DIN - Free Report) by 12.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,345,781 shares of the restaurant operator's stock after selling 193,345 shares during the period. Alliancebernstein L.P. owned about 8.61% of DINE BRANDS GLOBAL worth $31,316,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DIN. Dimensional Fund Advisors LP increased its holdings in DINE BRANDS GLOBAL by 8.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 190,145 shares of the restaurant operator's stock worth $5,724,000 after buying an additional 14,958 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of DINE BRANDS GLOBAL by 6.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,046 shares of the restaurant operator's stock worth $453,000 after purchasing an additional 871 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of DINE BRANDS GLOBAL by 96.5% in the fourth quarter. BNP Paribas Financial Markets now owns 17,217 shares of the restaurant operator's stock worth $518,000 after purchasing an additional 8,456 shares in the last quarter. Deutsche Bank AG increased its stake in shares of DINE BRANDS GLOBAL by 694.0% in the fourth quarter. Deutsche Bank AG now owns 65,308 shares of the restaurant operator's stock worth $1,966,000 after purchasing an additional 57,083 shares in the last quarter. Finally, Gotham Asset Management LLC purchased a new position in shares of DINE BRANDS GLOBAL in the fourth quarter worth about $262,000. Hedge funds and other institutional investors own 92.83% of the company's stock.

DINE BRANDS GLOBAL Stock Performance

DINE BRANDS GLOBAL stock remained flat at $23.41 during mid-day trading on Wednesday. 720,781 shares of the company's stock traded hands, compared to its average volume of 498,731. DINE BRANDS GLOBAL, INC. has a twelve month low of $18.63 and a twelve month high of $37.44. The firm has a market capitalization of $360.05 million, a PE ratio of 7.80 and a beta of 1.05. The business's 50 day moving average price is $23.15 and its two-hundred day moving average price is $23.46.

DINE BRANDS GLOBAL (NYSE:DIN - Get Free Report) last announced its earnings results on Wednesday, August 6th. The restaurant operator reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.32). The company had revenue of $230.78 million for the quarter, compared to the consensus estimate of $222.69 million. DINE BRANDS GLOBAL had a net margin of 5.40% and a negative return on equity of 31.66%. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.71 earnings per share. As a group, sell-side analysts forecast that DINE BRANDS GLOBAL, INC. will post 5.84 EPS for the current fiscal year.

DINE BRANDS GLOBAL Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Friday, September 19th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date is Friday, September 19th. DINE BRANDS GLOBAL's dividend payout ratio (DPR) is presently 68.00%.

Insiders Place Their Bets

In other DINE BRANDS GLOBAL news, CEO John W. Peyton bought 4,523 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average price of $22.11 per share, for a total transaction of $100,003.53. Following the transaction, the chief executive officer directly owned 189,563 shares in the company, valued at $4,191,237.93. This trade represents a 2.44% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vance Yuwen Chang bought 2,340 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was acquired at an average price of $21.10 per share, for a total transaction of $49,374.00. Following the transaction, the chief financial officer owned 54,130 shares in the company, valued at $1,142,143. This trade represents a 4.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.56% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Barclays reduced their target price on shares of DINE BRANDS GLOBAL from $24.00 to $22.00 and set an "equal weight" rating for the company in a research note on Thursday, August 7th. Zacks Research upgraded shares of DINE BRANDS GLOBAL to a "strong sell" rating in a research report on Friday, August 8th. Finally, KeyCorp cut their price objective on shares of DINE BRANDS GLOBAL from $30.00 to $26.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $26.00.

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.