GDS Wealth Management Acquires Shares of 25,875 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 stake in DINE BRANDS GLOBAL, INC. (NYSE:DIN - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the business. Quantbot Technologies LP boosted its stake in shares of DINE BRANDS GLOBAL by 11.5% in the 1st quarter. Quantbot Technologies LP now owns 24,932 shares of the restaurant operator's stock valued at $580,000 after purchasing an additional 2,562 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of DINE BRANDS GLOBAL by 255.6% in the 1st quarter. Russell Investments Group Ltd. now owns 25,006 shares of the restaurant operator's stock valued at $582,000 after purchasing an additional 17,974 shares in the last quarter. Nuveen LLC purchased a new stake in DINE BRANDS GLOBAL during the 1st quarter valued at $1,080,000. Aigen Investment Management LP boosted its position in DINE BRANDS GLOBAL by 7.0% during the 1st quarter. Aigen Investment Management LP now owns 10,127 shares of the restaurant operator's stock valued at $236,000 after buying an additional 659 shares during the period. Finally, Invesco Ltd. boosted its position in DINE BRANDS GLOBAL by 20.5% during the 1st quarter. Invesco Ltd. now owns 56,595 shares of the restaurant operator's stock valued at $1,317,000 after buying an additional 9,624 shares during the period. Hedge funds and other institutional investors own 92.83% of the company's stock.

DINE BRANDS GLOBAL Stock Up 5.5%

Shares of NYSE:DIN traded up $1.1590 on Friday, hitting $22.3490. The company had a trading volume of 650,069 shares, compared to its average volume of 552,026. The firm's 50-day simple moving average is $23.97 and its two-hundred day simple moving average is $23.81. The firm has a market capitalization of $343.73 million, a price-to-earnings ratio of 7.45 and a beta of 1.16. DINE BRANDS GLOBAL, INC. has a 1 year low of $18.63 and a 1 year high of $37.44.

DINE BRANDS GLOBAL (NYSE:DIN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The restaurant operator reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.32). The business had revenue of $230.78 million during the quarter, compared to the consensus estimate of $222.69 million. DINE BRANDS GLOBAL had a negative return on equity of 31.66% and a net margin of 5.40%.The firm's revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.71 earnings per share. Equities research analysts anticipate that DINE BRANDS GLOBAL, INC. will post 5.84 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DIN shares. Zacks Research raised shares of DINE BRANDS GLOBAL to a "strong sell" rating in a research report on Friday, August 8th. UBS Group dropped their price target on shares of DINE BRANDS GLOBAL from $25.00 to $21.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Barclays dropped their price target on shares of DINE BRANDS GLOBAL from $24.00 to $22.00 and set an "equal weight" rating for the company in a research report on Thursday, August 7th. Truist Financial dropped their price target 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. Finally, KeyCorp dropped 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. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $26.00.

Insider Activity

In other DINE BRANDS GLOBAL news, CEO John W. Peyton purchased 4,523 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average cost of $22.11 per share, for a total transaction of $100,003.53. Following the purchase, the chief executive officer directly owned 189,563 shares in the company, valued at $4,191,237.93. The trade was a 2.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vance Yuwen Chang purchased 2,340 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was acquired at an average price of $21.10 per share, with a total value of $49,374.00. Following the completion of the purchase, the chief financial officer owned 54,130 shares in the company, 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. 4.56% of the stock is owned by company insiders.

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.