Mork Capital Management LLC Has $1.28 Million Holdings in DINE BRANDS GLOBAL, INC. $DIN

Key Points

• Mork Capital Management LLC increased its stake in Dine Brands Global by 37.5%, owning 55,000 shares after acquiring an additional 15,000 shares during the first quarter, making it the firm's 28th largest holding.
• Dine Brands reported earnings of $1.17 per share for the last quarter, which fell short of estimates, while revenue of $230.78 million exceeded expectations by approximately $8 million.
• The company declared a quarterly dividend of $0.51 per share, yielding 8.6%, with an ex-dividend date of September 19th.

Mork Capital Management LLC increased its position in shares of DINE BRANDS GLOBAL, INC. (NYSE:DIN - Free Report) by 37.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,000 shares of the restaurant operator's stock after purchasing an additional 15,000 shares during the period. DINE BRANDS GLOBAL makes up approximately 1.0% of Mork Capital Management LLC's portfolio, making the stock its 28th largest position. Mork Capital Management LLC owned about 0.35% of DINE BRANDS GLOBAL worth $1,280,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. grew its position in shares of DINE BRANDS GLOBAL by 50.0% in the first quarter. Mountain Hill Investment Partners Corp. now owns 1,500 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 500 shares during the last quarter. Aigen Investment Management LP boosted its position in DINE BRANDS GLOBAL by 7.0% during the first quarter. Aigen Investment Management LP now owns 10,127 shares of the restaurant operator's stock worth $236,000 after acquiring an additional 659 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in DINE BRANDS GLOBAL by 6.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,046 shares of the restaurant operator's stock worth $453,000 after acquiring an additional 871 shares during the last quarter. AlphaQuest LLC boosted its position in DINE BRANDS GLOBAL by 7.9% during the first quarter. AlphaQuest LLC now owns 11,902 shares of the restaurant operator's stock worth $277,000 after acquiring an additional 872 shares during the last quarter. Finally, Centiva Capital LP boosted its holdings in shares of DINE BRANDS GLOBAL by 10.7% in the 4th quarter. Centiva Capital LP now owns 21,636 shares of the restaurant operator's stock valued at $651,000 after purchasing an additional 2,089 shares during the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Vance Yuwen Chang acquired 2,340 shares of DINE BRANDS GLOBAL stock in a transaction dated Thursday, August 21st. The stock was acquired at an average cost of $21.10 per share, with a total value of $49,374.00. Following the purchase, the chief financial officer directly owned 54,130 shares in the company, valued at $1,142,143. The trade was a 4.52% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John W. Peyton acquired 4,523 shares of DINE BRANDS GLOBAL stock in a transaction dated Tuesday, August 19th. The shares were bought at an average cost of $22.11 per share, with a total value 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 ownership of the stock. The disclosure for this purchase can be found here. 4.56% of the stock is currently owned by corporate insiders.

DINE BRANDS GLOBAL Stock Up 2.8%

Shares of DIN traded up $0.65 during midday trading on Thursday, hitting $24.10. The company had a trading volume of 221,490 shares, compared to its average volume of 576,650. DINE BRANDS GLOBAL, INC. has a 52 week low of $18.63 and a 52 week high of $37.44. The company's 50 day moving average price is $23.15 and its 200 day moving average price is $23.46. The stock has a market cap of $370.66 million, a price-to-earnings ratio of 8.05 and a beta of 1.05.

DINE BRANDS GLOBAL (NYSE:DIN - Get Free Report) last posted its earnings results 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). The firm had revenue of $230.78 million for the quarter, compared to analyst estimates of $222.69 million. DINE BRANDS GLOBAL had a net margin of 5.40% and a negative return on equity of 31.66%. The company's revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.71 earnings per share. Equities analysts anticipate that DINE BRANDS GLOBAL, INC. will post 5.84 EPS for the current fiscal year.

DINE BRANDS GLOBAL Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Friday, September 19th will be given a $0.51 dividend. The ex-dividend date is Friday, September 19th. This represents a $2.04 annualized dividend and a yield of 8.5%. DINE BRANDS GLOBAL's payout ratio is 68.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DIN shares. Barclays decreased their price target on shares of DINE BRANDS GLOBAL from $24.00 to $22.00 and set an "equal weight" rating on the stock in a report on Thursday, August 7th. KeyCorp decreased their price target on shares of DINE BRANDS GLOBAL from $30.00 to $26.00 and set an "overweight" rating on the stock in a report on Thursday, August 7th. Finally, Zacks Research upgraded shares of DINE BRANDS GLOBAL to a "strong sell" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, DINE BRANDS GLOBAL presently has a consensus 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.