Ballentine Partners LLC Takes $259,000 Position in Dine Brands Global, Inc. $DIN

Key Points

• Ballentine Partners LLC invested approximately $259,000 in Dine Brands Global, acquiring 10,649 shares during the second quarter, representing 0.07% ownership in the company.
• Dine Brands Global reported earnings of $1.17 per share, missing analysts' expectations, but achieved a revenue of $230.78 million, exceeding estimates.
• The company announced a quarterly dividend of $0.51 per share, with a dividend yield of 8.3%, set to be paid on October 8th.

Ballentine Partners LLC purchased a new stake in Dine Brands Global, Inc. (NYSE:DIN - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,649 shares of the restaurant operator's stock, valued at approximately $259,000. Ballentine Partners LLC owned about 0.07% of Dine Brands Global as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DIN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Dine Brands Global by 8.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,285 shares of the restaurant operator's stock valued at $1,423,000 after purchasing an additional 3,704 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Dine Brands Global during the fourth quarter valued at approximately $1,374,000. GAMMA Investing LLC boosted its holdings in Dine Brands Global by 5,126.3% during the first quarter. GAMMA Investing LLC now owns 6,167 shares of the restaurant operator's stock valued at $144,000 after purchasing an additional 6,049 shares in the last quarter. Olstein Capital Management L.P. boosted its holdings in Dine Brands Global by 12.6% during the first quarter. Olstein Capital Management L.P. now owns 356,000 shares of the restaurant operator's stock valued at $8,284,000 after purchasing an additional 39,842 shares in the last quarter. Finally, CWM LLC boosted its holdings in Dine Brands Global by 215.5% during the first quarter. CWM LLC now owns 7,620 shares of the restaurant operator's stock valued at $177,000 after purchasing an additional 5,205 shares in the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

Dine Brands Global Stock Up 1.7%

DIN opened at $24.67 on Tuesday. Dine Brands Global, Inc. has a 12 month low of $18.63 and a 12 month high of $37.44. The company has a fifty day simple moving average of $23.01 and a 200 day simple moving average of $23.34. The stock has a market cap of $379.43 million, a P/E ratio of 8.22 and a beta of 1.05.

Dine Brands Global (NYSE:DIN - Get Free Report) last released its earnings results on Wednesday, August 6th. The restaurant operator reported $1.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.32). The firm 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%.Dine Brands Global's revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the company posted $1.71 EPS. On average, equities research analysts expect that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Friday, September 19th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date is Friday, September 19th. Dine Brands Global's dividend payout ratio is currently 68.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Zacks Research raised Dine Brands Global to a "strong sell" rating in a report on Friday, August 8th. KeyCorp reduced their target price on 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 reduced their target price on 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 analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Dine Brands Global currently has an average rating of "Hold" and an average target price of $26.00.

Insider Transactions at Dine Brands Global

In other Dine Brands Global news, CFO Vance Yuwen Chang acquired 2,340 shares of Dine Brands Global stock in a transaction dated Thursday, August 21st. The stock was bought at an average cost of $21.10 per share, for a total transaction of $49,374.00. Following the purchase, the chief financial officer directly owned 54,130 shares in the company, valued at approximately $1,142,143. This represents a 4.52% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO John W. Peyton acquired 4,523 shares of Dine Brands Global stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of $22.11 per share, with a total value of $100,003.53. Following the completion of the purchase, the chief executive officer owned 189,563 shares in the company, valued at approximately $4,191,237.93. The trade was a 2.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.56% of the company's stock.

Dine Brands Global Company 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.

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