GDS Wealth Management Takes Position in Dine Brands Global, Inc. $DIN

Key Points

• GDS Wealth Management has acquired a new stake in DINE BRANDS GLOBAL, INC., purchasing 25,875 shares valued at approximately $609,000.
• Several institutional investors have also increased their holdings in DINE BRANDS GLOBAL, with 92.83% of the stock now owned by hedge funds and other institutional investors.
• DINE BRANDS GLOBAL reported a miss on earnings with an EPS of $1.17, falling short of analysts' expectations of $1.49, despite a revenue increase of 11.9% year-over-year.

GDS Wealth Management acquired a new position in Dine Brands Global, Inc. (NYSE:DIN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,875 shares of the restaurant operator's stock, valued at approximately $609,000. GDS Wealth Management owned approximately 0.17% of Dine Brands Global at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in shares of Dine Brands Global by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 353,558 shares of the restaurant operator's stock valued at $10,644,000 after acquiring an additional 3,609 shares in the last quarter. Wells Fargo & Company MN increased its stake in Dine Brands Global by 14.9% in the fourth quarter. Wells Fargo & Company MN now owns 10,140 shares of the restaurant operator's stock valued at $305,000 after purchasing an additional 1,316 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Dine Brands Global by 6.3% during the fourth quarter. Russell Investments Group Ltd. now owns 7,032 shares of the restaurant operator's stock valued at $212,000 after purchasing an additional 414 shares during the period. Invesco Ltd. grew its stake in shares of Dine Brands Global by 8.0% in the 4th quarter. Invesco Ltd. now owns 46,971 shares of the restaurant operator's stock valued at $1,414,000 after buying an additional 3,475 shares during the period. Finally, Barclays PLC increased its position in Dine Brands Global by 8.7% in the 4th quarter. Barclays PLC now owns 39,084 shares of the restaurant operator's stock valued at $1,176,000 after buying an additional 3,138 shares in the last quarter. Institutional investors own 92.83% of the company's stock.

Insider Buying and Selling

In other Dine Brands Global news, CEO John W. Peyton bought 4,523 shares of Dine Brands Global stock in a transaction dated 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 acquisition, the chief executive officer directly owned 189,563 shares in the company, valued at approximately $4,191,237.93. The trade was a 2.44% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Vance Yuwen Chang bought 2,340 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were acquired at an average cost of $21.10 per share, with a total value of $49,374.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. 4.56% of the stock is owned by insiders.

Dine Brands Global Price Performance

Shares of NYSE DIN traded up $0.2250 during trading on Monday, hitting $22.6050. The stock had a trading volume of 204,035 shares, compared to its average volume of 581,731. The firm has a fifty day moving average of $23.97 and a two-hundred day moving average of $23.74. The company has a market capitalization of $347.66 million, a PE ratio of 7.54 and a beta of 1.16. Dine Brands Global, Inc. has a 12 month low of $18.63 and a 12 month high of $37.44.

Dine Brands Global (NYSE:DIN - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The restaurant operator reported $1.17 earnings per share 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 firm had revenue of $230.78 million for the quarter, compared to the consensus estimate of $222.69 million. During the same period in the previous year, the business earned $1.71 earnings per share. The firm's revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities analysts expect that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Truist Financial cut their price target on Dine Brands Global from $27.00 to $23.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. UBS Group lowered their target price on Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. KeyCorp reduced their price target on shares of 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. Barclays lowered their price objective 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. Finally, Zacks Research raised shares of Dine Brands Global to a "strong sell" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $26.00.

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.