Dine Brands Global, Inc. $DIN Shares Sold by Alliancebernstein L.P.

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% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 approximately 8.61% of Dine Brands Global worth $31,316,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. grew its position in Dine Brands Global by 50.0% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 1,500 shares of the restaurant operator's stock worth $35,000 after purchasing an additional 500 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Dine Brands Global by 5,126.3% in the 1st quarter. GAMMA Investing LLC now owns 6,167 shares of the restaurant operator's stock valued at $144,000 after acquiring an additional 6,049 shares during the last quarter. CWM LLC boosted its holdings in shares of Dine Brands Global by 215.5% in the 1st quarter. CWM LLC now owns 7,620 shares of the restaurant operator's stock valued at $177,000 after acquiring an additional 5,205 shares during the last quarter. Teza Capital Management LLC purchased a new stake in shares of Dine Brands Global in the 4th quarter valued at $229,000. Finally, Aigen Investment Management LP boosted its holdings in shares of Dine Brands Global by 7.0% in the 1st quarter. Aigen Investment Management LP now owns 10,127 shares of the restaurant operator's stock valued at $236,000 after acquiring an additional 659 shares during the last quarter. Hedge funds and other institutional investors own 92.83% of the company's stock.

Analysts Set New Price Targets

DIN has been the topic of several recent research reports. Zacks Research raised shares of Dine Brands Global to a "strong sell" rating in a report on Friday, August 8th. KeyCorp lowered their price target on shares of Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating on the stock in a report on Thursday, August 7th. Finally, Barclays lowered their price target on shares of Dine Brands Global from $24.00 to $22.00 and set an "equal weight" rating on the stock in a report on Thursday, August 7th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $26.00.

Dine Brands Global Trading Down 1.1%

NYSE:DIN traded down $0.27 during trading hours on Friday, reaching $23.93. 547,681 shares of the company were exchanged, compared to its average volume of 474,139. The stock's 50-day moving average is $23.05 and its 200-day moving average is $23.42. The firm has a market cap of $368.03 million, a PE ratio of 7.98 and a beta of 1.05. Dine Brands Global, Inc. has a twelve month low of $18.63 and a twelve month high of $37.44.

Dine Brands Global (NYSE:DIN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The restaurant operator reported $1.17 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.32). The company had revenue of $230.78 million for the quarter, compared to analyst estimates of $222.69 million. Dine Brands Global had a negative return on equity of 31.66% and a net margin of 5.40%.The business's revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.71 earnings per share. As a group, research analysts anticipate that Dine Brands Global, Inc. will post 5.84 EPS for the current year.

Dine Brands Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders 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 dividend yield of 8.5%. The ex-dividend date is Friday, September 19th. Dine Brands Global's dividend payout ratio is 68.00%.

Insider Transactions at Dine Brands Global

In other Dine Brands Global news, CEO John W. Peyton bought 4,523 shares of Dine Brands Global stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of $22.11 per share, for a total transaction of $100,003.53. Following the completion of the transaction, the chief executive officer directly owned 189,563 shares of the company's stock, valued at approximately $4,191,237.93. This represents a 2.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Vance Yuwen Chang bought 2,340 shares of Dine Brands Global stock in a transaction dated Thursday, August 21st. The stock was acquired at an average price of $21.10 per share, with a total value of $49,374.00. Following the completion of the transaction, the chief financial officer directly owned 54,130 shares of the company's stock, valued at approximately $1,142,143. The trade was 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 corporate insiders.

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.