Ieq Capital LLC Invests $485,000 in Dine Brands Global, Inc. $DIN

Key Points

• Ieq Capital LLC has invested $485,000 in DINE BRANDS GLOBAL, acquiring 20,857 shares, which represents a 0.13% ownership stake in the company.
• DINE BRANDS GLOBAL reported a loss in earnings per share of $1.17, falling short of the consensus estimate of $1.49, with revenue reaching $230.78 million.
• Insider transactions included shares purchased by CFO Vance Yuwen Chang and CEO John W. Peyton, indicating confidence from the company's leadership in their stock holdings.

Ieq Capital LLC acquired a new position in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 20,857 shares of the restaurant operator's stock, valued at approximately $485,000. Ieq Capital LLC owned about 0.13% of Dine Brands Global at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Mountain Hill Investment Partners Corp. grew its position in Dine Brands Global by 50.0% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 1,500 shares of the restaurant operator's stock valued at $35,000 after acquiring an additional 500 shares in the last quarter. Aigen Investment Management LP grew its position in Dine Brands Global by 7.0% in the 1st quarter. Aigen Investment Management LP now owns 10,127 shares of the restaurant operator's stock valued at $236,000 after acquiring an additional 659 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Dine Brands Global by 6.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,046 shares of the restaurant operator's stock valued at $453,000 after acquiring an additional 871 shares in the last quarter. AlphaQuest LLC grew its position in Dine Brands Global by 7.9% in the 1st quarter. AlphaQuest LLC now owns 11,902 shares of the restaurant operator's stock valued at $277,000 after acquiring an additional 872 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new position in Dine Brands Global in the 4th quarter valued at about $40,000. 92.83% of the stock is owned by institutional investors and hedge funds.

Dine Brands Global Trading Up 1.5%

DIN stock traded up $0.35 during trading on Friday, hitting $23.65. 555,420 shares of the company's stock were exchanged, compared to its average volume of 529,677. The business has a 50-day moving average price of $23.28 and a two-hundred day moving average price of $23.48. The stock has a market capitalization of $363.74 million, a price-to-earnings ratio of 7.88 and a beta of 1.05. Dine Brands Global, Inc. has a 52-week low of $18.63 and a 52-week high of $37.44.

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 for the quarter, missing the consensus estimate of $1.49 by ($0.32). Dine Brands Global had a negative return on equity of 31.66% and a net margin of 5.40%.The business had revenue of $230.78 million for the quarter, compared to analysts' expectations of $222.69 million. During the same quarter in the previous year, the firm earned $1.71 EPS. Dine Brands Global's revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities research analysts anticipate that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The firm also recently disclosed 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 8.6%. Dine Brands Global's dividend payout ratio is presently 68.00%.

Insider Buying and Selling at Dine Brands Global

In other Dine Brands Global news, CFO Vance Yuwen Chang acquired 2,340 shares of the business's stock in a transaction on Thursday, August 21st. The stock was purchased at an average price 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. The trade was a 4.52% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John W. Peyton bought 4,523 shares of the stock in a transaction on Tuesday, August 19th. The stock was purchased at an average cost of $22.11 per share, for a total transaction of $100,003.53. Following the acquisition, the chief executive officer directly owned 189,563 shares of the company's stock, valued at $4,191,237.93. The trade was a 2.44% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 4.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DIN shares. Barclays dropped their target price on 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. KeyCorp dropped 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. Finally, Zacks Research raised Dine Brands Global to a "strong sell" rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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.