AQR Capital Management LLC Has $5.47 Million Stock Holdings in DINE BRANDS GLOBAL, INC. $DIN

Key Points

• AQR Capital Management LLC has increased its stake in DINE BRANDS GLOBAL, INC. by 74.7%, owning approximately 1.51% of the company valued at $5.47 million.
• DINE BRANDS GLOBAL reported an EPS of $1.17 for the last quarter, missing the consensus estimate by ($0.32), while revenue increased by 11.9% year-over-year.
• The company announced a quarterly dividend of $0.51, representing an annual yield of 8.5%, to be paid to shareholders on October 8th.

AQR Capital Management LLC boosted its holdings in DINE BRANDS GLOBAL, INC. (NYSE:DIN - Free Report) by 74.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 235,221 shares of the restaurant operator's stock after acquiring an additional 100,580 shares during the quarter. AQR Capital Management LLC owned 1.51% of DINE BRANDS GLOBAL worth $5,474,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DIN. BNP Paribas Financial Markets increased its stake in 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 valued at $518,000 after acquiring an additional 8,456 shares during the period. Deutsche Bank AG boosted its position in DINE BRANDS GLOBAL by 694.0% in the fourth quarter. Deutsche Bank AG now owns 65,308 shares of the restaurant operator's stock valued at $1,966,000 after buying an additional 57,083 shares in the last quarter. Gotham Asset Management LLC acquired a new position in DINE BRANDS GLOBAL in the fourth quarter valued at about $262,000. Lazard Asset Management LLC boosted its position in DINE BRANDS GLOBAL by 628.1% in the fourth quarter. Lazard Asset Management LLC now owns 103,827 shares of the restaurant operator's stock valued at $3,124,000 after buying an additional 89,567 shares in the last quarter. Finally, Man Group plc acquired a new position in DINE BRANDS GLOBAL in the fourth quarter valued at about $638,000. Institutional investors own 92.83% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DIN. KeyCorp reduced their target price on shares of DINE BRANDS GLOBAL from $30.00 to $26.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. Barclays reduced their target price on shares of DINE BRANDS GLOBAL from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 7th. Finally, Zacks Research upgraded shares of DINE BRANDS GLOBAL to a "strong sell" rating in a research report on Friday, August 8th. One 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $26.00.

DINE BRANDS GLOBAL Trading Up 0.3%

Shares of DIN traded up $0.08 on Thursday, reaching $24.43. 950,960 shares of the company's stock were exchanged, compared to its average volume of 507,711. The stock has a market capitalization of $375.73 million, a P/E ratio of 8.14 and a beta of 1.05. The business has a 50 day moving average price of $22.96 and a two-hundred day moving average price of $23.42. DINE BRANDS GLOBAL, INC. has a 12 month low of $18.63 and a 12 month high of $37.44.

DINE BRANDS GLOBAL (NYSE:DIN - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $230.78 million for the quarter, compared to the consensus estimate of $222.69 million. DINE BRANDS GLOBAL had a negative return on equity of 31.66% and a net margin of 5.40%.The company's quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm earned $1.71 earnings per share. Equities research analysts predict that DINE BRANDS GLOBAL, INC. will post 5.84 EPS for the current year.

DINE BRANDS GLOBAL Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Friday, September 19th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Friday, September 19th. DINE BRANDS GLOBAL's dividend payout ratio is presently 68.00%.

Insider Activity at DINE BRANDS GLOBAL

In related news, CEO John W. Peyton acquired 4,523 shares of the stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price of $22.11 per share, with a total value 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. The trade was a 2.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vance Yuwen Chang bought 2,340 shares of DINE BRANDS GLOBAL stock in a transaction that occurred on Thursday, August 21st. The shares were acquired at an average price of $21.10 per share, with a total value of $49,374.00. Following the acquisition, the chief financial officer directly owned 54,130 shares of the company's stock, valued at $1,142,143. The trade was a 4.52% increase in their position. The disclosure for this purchase can be found here. 4.56% of the stock is currently owned by corporate insiders.

About DINE BRANDS GLOBAL

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.