Dine Brands Global, Inc. $DIN Stake Increased by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. has significantly increased its stake in Dine Brands Global by 670.2%, owning 127,451 shares worth approximately $2.97 million.
• Analysts have cut their price targets on Dine Brands Global, with Truist Financial lowering it from $27.00 to $23.00 and maintaining a "hold" rating.
• Insider trading activity: Both the CFO and CEO purchased additional shares recently, reflecting confidence in the company's future performance.

Landscape Capital Management L.L.C. boosted its position in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 670.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,451 shares of the restaurant operator's stock after purchasing an additional 110,903 shares during the period. Landscape Capital Management L.L.C. owned approximately 0.82% of Dine Brands Global worth $2,966,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DIN. Vanguard Group Inc. boosted its holdings in 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 purchasing an additional 71,941 shares during the last quarter. LSV Asset Management raised its stake in Dine Brands Global by 1.9% during the first quarter. LSV Asset Management now owns 647,392 shares of the restaurant operator's stock valued at $15,065,000 after buying an additional 12,300 shares in the last quarter. Olstein Capital Management L.P. lifted its holdings in Dine Brands Global by 12.6% during the 1st quarter. Olstein Capital Management L.P. now owns 356,000 shares of the restaurant operator's stock worth $8,284,000 after buying an additional 39,842 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in Dine Brands Global by 691.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 290,403 shares of the restaurant operator's stock worth $8,741,000 after buying an additional 253,688 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in shares of Dine Brands Global by 17.6% in the 4th quarter. Two Sigma Investments LP now owns 287,025 shares of the restaurant operator's stock worth $8,639,000 after acquiring an additional 42,870 shares in the last quarter. Institutional investors and hedge funds own 92.83% of the company's stock.

Dine Brands Global Stock Down 2.0%

NYSE:DIN traded down $0.47 during trading hours on Wednesday, reaching $22.74. 150,061 shares of the company's stock were exchanged, compared to its average volume of 578,073. The company has a market capitalization of $349.74 million, a P/E ratio of 7.55 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 business's 50-day simple moving average is $23.40 and its two-hundred day simple moving average is $23.58.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The restaurant operator reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.32). The company 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%. Dine Brands Global's revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company posted $1.71 EPS. As a group, sell-side analysts anticipate that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

DIN has been the subject of a number of research reports. 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 report on Thursday, May 8th. UBS Group lowered their price objective on Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Barclays decreased their price target 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. Zacks Research upgraded shares of Dine Brands Global to a "strong sell" rating in a research note on Friday, August 8th. Finally, KeyCorp cut their target price on Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $26.00.

Insiders Place Their Bets

In other news, CEO John W. Peyton acquired 4,523 shares of Dine Brands Global stock in a transaction on Tuesday, August 19th. The stock was 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 of the company's stock, valued at $4,191,237.93. This represents a 2.44% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Vance Yuwen Chang bought 2,340 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was purchased at an average cost of $21.10 per share, for a total transaction of $49,374.00. Following the completion of the transaction, the chief financial officer owned 54,130 shares of the company's stock, valued at $1,142,143. This represents a 4.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.56% of the company's stock.

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.