Deutsche Bank AG Decreases Stake in DINE BRANDS GLOBAL, INC. $DIN

Key Points

• Deutsche Bank AG significantly reduced its stake in DINE BRANDS GLOBAL, INC. by 83.2%, selling 54,365 shares and now holding only 10,943 shares valued at approximately $255,000.
• DINE BRANDS GLOBAL reported quarterly earnings of $1.17 EPS, which was below analysts' expectations, but its revenue was up 11.9% year-over-year at $230.78 million.
• Recent trading activity included insider purchases, with the CFO and CEO acquiring more shares, indicating confidence in the company's future prospects.

Deutsche Bank AG trimmed its position in shares of DINE BRANDS GLOBAL, INC. (NYSE:DIN - Free Report) by 83.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,943 shares of the restaurant operator's stock after selling 54,365 shares during the quarter. Deutsche Bank AG owned 0.07% of DINE BRANDS GLOBAL worth $255,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Seven Six Capital Management LLC bought a new stake in shares of DINE BRANDS GLOBAL in the fourth quarter valued at about $5,475,000. Lazard Asset Management LLC raised its holdings in shares of 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 acquiring an additional 89,567 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of DINE BRANDS GLOBAL by 7.4% in the first quarter. Vanguard Group Inc. now owns 1,043,716 shares of the restaurant operator's stock valued at $24,287,000 after acquiring an additional 71,941 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of DINE BRANDS GLOBAL in the fourth quarter valued at about $1,374,000. Finally, Two Sigma Investments LP raised its holdings in shares of DINE BRANDS GLOBAL by 17.6% in the fourth quarter. Two Sigma Investments LP now owns 287,025 shares of the restaurant operator's stock valued at $8,639,000 after acquiring an additional 42,870 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several analysts recently weighed in on DIN shares. Truist Financial decreased their price objective on DINE BRANDS GLOBAL from $27.00 to $23.00 and set a "hold" rating for the company in a report on Thursday, May 8th. Barclays decreased their price objective on DINE BRANDS GLOBAL from $24.00 to $22.00 and set an "equal weight" rating for the company in a report on Thursday, August 7th. UBS Group decreased their price objective on DINE BRANDS GLOBAL from $25.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Zacks Research upgraded shares of DINE BRANDS GLOBAL to a "strong sell" rating in a report on Friday, August 8th. Finally, KeyCorp reduced their target price on shares of DINE BRANDS GLOBAL from $30.00 to $26.00 and set an "overweight" rating for the company 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $26.00.

DINE BRANDS GLOBAL Price Performance

NYSE DIN traded up $0.32 during mid-day trading on Thursday, hitting $23.25. The stock had a trading volume of 357,681 shares, compared to its average volume of 544,499. The firm's 50 day moving average is $23.30 and its 200 day moving average is $23.55. DINE BRANDS GLOBAL, INC. has a twelve month low of $18.63 and a twelve month high of $37.44. The stock has a market capitalization of $357.62 million, a price-to-earnings ratio of 7.75 and a beta of 1.05.

DINE BRANDS GLOBAL (NYSE:DIN - Get Free Report) last issued its 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). The company had revenue of $230.78 million during the quarter, compared to analysts' expectations of $222.69 million. DINE BRANDS GLOBAL had a net margin of 5.40% and a negative return on equity of 31.66%. The firm's quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.71 earnings per share. As a group, equities research analysts expect that DINE BRANDS GLOBAL, INC. will post 5.84 earnings per share for the current year.

DINE BRANDS GLOBAL Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Friday, September 19th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.8%. DINE BRANDS GLOBAL's dividend payout ratio is presently 68.00%.

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.