Corient Private Wealth LP Makes New $2.01 Million Investment in Dine Brands Global, Inc. $DIN

Key Points

• Corient Private Wealth LP acquired 55,930 shares of Dine Brands Global worth approximately $2.01 million, representing about 0.44% of the company. Institutional investors collectively own 92.83% of DIN.
• Analyst sentiment remains cautious: eight analysts rate the stock “Hold” and one rates it “Sell,” resulting in an average “Reduce” rating and a $32.83 price target.
• Dine Brands reported quarterly revenue of $240.9 million, up 4.4% year over year, but earnings per share of $1.16 missed estimates by $0.04.

Corient Private Wealth LP acquired a new stake in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 55,930 shares of the restaurant operator's stock, valued at approximately $2,008,000. Corient Private Wealth LP owned approximately 0.44% of Dine Brands Global at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Garton & Associates Financial Advisors LLC purchased a new position in shares of Dine Brands Global in the fourth quarter worth $26,000. Advisory Services Network LLC purchased a new position in Dine Brands Global during the third quarter valued at $27,000. Legal & General Group Plc bought a new stake in Dine Brands Global in the 2nd quarter valued at $43,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Dine Brands Global in the 3rd quarter valued at $50,000. Finally, Tower Research Capital LLC TRC lifted its stake in Dine Brands Global by 307.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator's stock worth $51,000 after purchasing an additional 1,578 shares in the last quarter. Institutional investors own 92.83% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on DIN shares. Zacks Research downgraded shares of Dine Brands Global from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 4th. Benchmark reaffirmed a "hold" rating on shares of Dine Brands Global in a report on Monday, August 10th. Mizuho set a $38.00 target price on Dine Brands Global in a research report on Thursday, August 6th. Weiss Ratings reissued a "hold (c-)" rating on shares of Dine Brands Global in a research note on Tuesday, June 9th. Finally, Piper Sandler raised their price target on Dine Brands Global from $28.00 to $37.00 and gave the company a "neutral" rating in a report on Monday, August 10th. Eight research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Dine Brands Global presently has an average rating of "Reduce" and an average target price of $32.83.

Dine Brands Global Stock Up 0.8%

Dine Brands Global stock opened at $32.77 on Thursday. The company has a market cap of $414.86 million, a price-to-earnings ratio of 69.72 and a beta of 0.94. The firm's fifty day moving average is $35.16 and its 200 day moving average is $31.58. Dine Brands Global, Inc. has a 52-week low of $22.47 and a 52-week high of $39.68.

Dine Brands Global (NYSE:DIN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The restaurant operator reported $1.16 EPS for the quarter, missing analysts' consensus estimates of $1.20 by ($0.04). Dine Brands Global had a negative return on equity of 20.34% and a net margin of 0.75%.The business had revenue of $240.90 million during the quarter, compared to analysts' expectations of $237.28 million. During the same period in the previous year, the business earned $1.17 earnings per share. The business's quarterly revenue was up 4.4% on a year-over-year basis. On average, equities research analysts anticipate that Dine Brands Global, Inc. will post 4.28 earnings per share for the current fiscal year.

About Dine Brands Global

Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company's primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee's Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.

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