Dimensional Fund Advisors LP Increases Stock Position in Dine Brands Global, Inc. $DIN

Key Points

• Dimensional Fund Advisors increased its Dine Brands Global stake by 19.7% in the first quarter, bringing its holdings to 241,204 shares worth approximately $6.3 million. Institutional investors collectively own 92.83% of DIN.
• Dine Brands reported quarterly EPS of $1.16, missing estimates of $1.20, while revenue of $240.9 million exceeded forecasts and rose 4.4% year over year. The company’s net margin was 0.75%.
• Analyst sentiment remains cautious: seven analysts rate the stock Hold and one rates it Sell, producing a consensus “Reduce” rating and an average price target of $32.83, below the reported share price of $35.91.

Dimensional Fund Advisors LP grew its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 19.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 241,204 shares of the restaurant operator's stock after buying an additional 39,646 shares during the period. Dimensional Fund Advisors LP owned 1.86% of Dine Brands Global worth $6,329,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada grew its holdings in Dine Brands Global by 10.7% in the first quarter. Royal Bank of Canada now owns 71,451 shares of the restaurant operator's stock worth $1,662,000 after purchasing an additional 6,908 shares during the period. Millennium Management LLC raised its stake in Dine Brands Global by 51.2% during the first quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator's stock valued at $11,817,000 after buying an additional 172,013 shares during the last quarter. Invesco Ltd. boosted its holdings in Dine Brands Global by 16.3% in the second quarter. Invesco Ltd. now owns 65,821 shares of the restaurant operator's stock worth $1,601,000 after acquiring an additional 9,226 shares in the last quarter. Jump Financial LLC bought a new stake in Dine Brands Global in the second quarter worth $921,000. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of Dine Brands Global in the second quarter worth $747,000. 92.83% of the stock is currently owned by institutional investors.

Dine Brands Global Stock Up 0.3%

Shares of Dine Brands Global stock opened at $35.91 on Wednesday. Dine Brands Global, Inc. has a twelve month low of $20.55 and a twelve month high of $39.68. The company's 50 day moving average is $34.46 and its 200 day moving average is $31.61. The company has a market cap of $454.67 million, a price-to-earnings ratio of 76.41 and a beta of 0.96.

Dine Brands Global (NYSE:DIN - Get Free Report) last posted its earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 EPS for the quarter, missing analysts' consensus estimates of $1.20 by ($0.04). The company had revenue of $240.90 million during the quarter, compared to the consensus estimate of $237.28 million. Dine Brands Global had a negative return on equity of 20.34% and a net margin of 0.75%.The company's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $1.17 EPS. Sell-side analysts expect that Dine Brands Global, Inc. will post 4.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DIN has been the subject of several recent analyst reports. Mizuho set a $38.00 price target on Dine Brands Global in a research report on Thursday, August 6th. Zacks Research downgraded shares of Dine Brands Global from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 4th. Benchmark restated a "hold" rating on shares of Dine Brands Global in a research note on Monday. Barclays decreased their target price on shares of Dine Brands Global from $30.00 to $28.00 and set an "equal weight" rating for the company in a report on Thursday, May 7th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Dine Brands Global in a research note on Tuesday, June 9th. Seven analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $32.83.

Dine Brands Global Company Profile

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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