Deutsche Bank AG Has $255,000 Holdings 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 cut its stake in Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 83.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,943 shares of the restaurant operator's stock after selling 54,365 shares during the quarter. Deutsche Bank AG owned about 0.07% of Dine Brands Global worth $255,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of DIN. Seven Six Capital Management LLC acquired a new stake in shares of Dine Brands Global in the fourth quarter valued at about $5,475,000. Lazard Asset Management LLC boosted its holdings in Dine Brands Global by 628.1% in the 4th quarter. Lazard Asset Management LLC now owns 103,827 shares of the restaurant operator's stock worth $3,124,000 after acquiring an additional 89,567 shares during the period. Vanguard Group Inc. boosted its holdings in Dine Brands Global by 7.4% in the 1st quarter. Vanguard Group Inc. now owns 1,043,716 shares of the restaurant operator's stock worth $24,287,000 after acquiring an additional 71,941 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Dine Brands Global in the fourth quarter valued at approximately $1,374,000. Finally, Two Sigma Investments LP raised its stake in shares of Dine Brands Global by 17.6% during the fourth quarter. Two Sigma Investments LP now owns 287,025 shares of the restaurant operator's stock valued at $8,639,000 after purchasing an additional 42,870 shares during the period. Institutional investors and hedge funds own 92.83% of the company's stock.

Dine Brands Global Price Performance

Shares of NYSE:DIN traded down $0.18 during trading on Wednesday, reaching $23.03. 239,666 shares of the company's stock traded hands, compared to its average volume of 578,639. The stock has a market capitalization of $354.20 million, a P/E ratio of 7.67 and a beta of 1.05. Dine Brands Global, Inc. has a 12 month low of $18.63 and a 12 month high of $37.44. The company has a 50 day moving average of $23.40 and a 200-day moving average of $23.58.

Dine Brands Global (NYSE:DIN - Get Free Report) last released its quarterly earnings data 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). Dine Brands Global had a net margin of 5.40% and a negative return on equity of 31.66%. The company had revenue of $230.78 million for the quarter, compared to analyst estimates of $222.69 million. During the same quarter in the prior year, the firm earned $1.71 EPS. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. Equities research analysts predict that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Vance Yuwen Chang purchased 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, with a total value 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John W. Peyton acquired 4,523 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average price of $22.11 per share, with a total value of $100,003.53. Following the acquisition, the chief executive officer owned 189,563 shares of the company's stock, valued at approximately $4,191,237.93. This trade represents a 2.44% increase in their ownership of the stock. 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 topic of a number of recent research reports. Zacks Research raised shares of Dine Brands Global to a "strong sell" rating in a research report on Friday, August 8th. Truist Financial decreased 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. KeyCorp dropped their target price on 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. UBS Group reduced their price target 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. Finally, Barclays lowered their price objective on Dine Brands Global from $24.00 to $22.00 and set an "equal weight" rating for the company in a research note 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's stock. Based on data from MarketBeat.com, Dine Brands Global has an average rating of "Hold" and an average price target of $26.00.

Dine Brands Global 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.