Charles Schwab Investment Management Inc. Buys 33,731 Shares of Dine Brands Global, Inc. $DIN

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Dine Brands Global by 21.7%, owning 189,154 shares worth approximately $4.40 million at the end of the last quarter.
• Dine Brands Global reported a Q2 EPS of $1.17, missing the consensus estimate by $0.32, although revenue was up 11.9% year-over-year.
• Various analysts have lowered their price targets for Dine Brands Global, with Truist Financial setting a new target at $23.00 while maintaining a "hold" rating, contributing to a consensus rating of "hold" among analysts.

Charles Schwab Investment Management Inc. grew its position in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 21.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 189,154 shares of the restaurant operator's stock after purchasing an additional 33,731 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.21% of Dine Brands Global worth $4,402,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. raised its holdings 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. Tower Research Capital LLC TRC raised its holdings in Dine Brands Global by 9.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the restaurant operator's stock worth $237,000 after purchasing an additional 692 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Dine Brands Global by 6.1% during the 4th 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 during the last quarter. Wells Fargo & Company MN raised its holdings in Dine Brands Global by 14.9% during the 4th quarter. Wells Fargo & Company MN now owns 10,140 shares of the restaurant operator's stock worth $305,000 after purchasing an additional 1,316 shares during the last quarter. Finally, Ancora Advisors LLC acquired a new stake in shares of Dine Brands Global during the 4th quarter worth approximately $40,000. Institutional investors own 92.83% of the company's stock.

Dine Brands Global Trading Down 1.2%

NYSE DIN traded down $0.27 during mid-day trading on Wednesday, hitting $22.94. The company's stock had a trading volume of 450,040 shares, compared to its average volume of 573,795. The company's 50 day simple moving average is $23.34 and its 200 day simple moving average is $23.57. 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 $352.86 million, a price-to-earnings ratio of 7.65 and a beta of 1.05.

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 (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.32). Dine Brands Global had a net margin of 5.40% and a negative return on equity of 31.66%. The business had revenue of $230.78 million during the quarter, compared to analyst estimates of $222.69 million. During the same period in the previous year, the business posted $1.71 EPS. The business's revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, research analysts forecast that Dine Brands Global, Inc. will post 5.84 EPS for the current year.

Insider Buying and Selling at Dine Brands Global

In related news, CFO Vance Yuwen Chang acquired 2,340 shares of the company's stock in a transaction on Thursday, August 21st. The shares were acquired at an average cost of $21.10 per share, for a total transaction of $49,374.00. Following the purchase, the chief financial officer owned 54,130 shares in the company, valued at approximately $1,142,143. The trade was a 4.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John W. Peyton acquired 4,523 shares of the company's stock in a transaction 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 completion of the purchase, the chief executive officer owned 189,563 shares in the company, valued at approximately $4,191,237.93. This represents a 2.44% increase in their position. The disclosure for this purchase can be found here. 4.56% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DIN has been the subject of several recent analyst reports. Zacks Research raised shares of Dine Brands Global to a "strong sell" rating in a research report on Friday, August 8th. UBS Group reduced their price objective on shares of Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. KeyCorp reduced 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. Truist Financial reduced their price objective on shares of Dine Brands Global from $27.00 to $23.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Finally, Barclays reduced their price objective on shares of Dine Brands Global from $24.00 to $22.00 and set an "equal weight" rating for the company in a research report on Thursday, August 7th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $26.00.

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.