Maverick Capital Ltd. Purchases Shares of 154,783 Dine Brands Global, Inc. $DIN

Key Points

• Maverick Capital Ltd. acquired 154,783 shares of Dine Brands Global, valued at approximately $3.6 million, representing 0.99% of the company's shares.
• CEO John W. Peyton and CFO Vance Yuwen Chang both increased their shareholdings, with Peyton acquiring 4,523 shares and Chang buying 2,340 shares, reflecting confidence in the company.
• Dine Brands Global reported a quarterly earnings miss, with $1.17 EPS against estimates of $1.49, but generated $230.78 million in revenue, exceeding forecasts.

Maverick Capital Ltd. acquired a new position in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 154,783 shares of the restaurant operator's stock, valued at approximately $3,602,000. Maverick Capital Ltd. owned approximately 0.99% of Dine Brands Global at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of DIN. Wells Fargo & Company MN lifted its stake in shares of 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 worth $305,000 after buying an additional 1,316 shares in the last quarter. Barclays PLC lifted its stake in shares of Dine Brands Global by 8.7% in the fourth quarter. Barclays PLC now owns 39,084 shares of the restaurant operator's stock worth $1,176,000 after buying an additional 3,138 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Dine Brands Global by 8.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 190,145 shares of the restaurant operator's stock worth $5,724,000 after buying an additional 14,958 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Dine Brands Global by 9.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the restaurant operator's stock worth $237,000 after buying an additional 692 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of Dine Brands Global by 45.9% in the fourth quarter. Stifel Financial Corp now owns 36,729 shares of the restaurant operator's stock worth $1,106,000 after buying an additional 11,556 shares in the last quarter. Institutional investors own 92.83% of the company's stock.

Analyst Ratings Changes

DIN has been the topic of a number of research analyst reports. KeyCorp lowered their price objective on shares of Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. Zacks Research upgraded shares of Dine Brands Global to a "strong sell" rating in a research report on Friday, August 8th. Finally, Barclays reduced their target price on shares of Dine Brands Global from $24.00 to $22.00 and set an "equal weight" rating for the company in a report on Thursday, August 7th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Dine Brands Global has a consensus rating of "Hold" and an average target price of $26.00.

Insider Buying and Selling

In other news, CFO Vance Yuwen Chang acquired 2,340 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were purchased at an average price of $21.10 per share, with a total value of $49,374.00. Following the transaction, the chief financial officer directly owned 54,130 shares in the company, valued at approximately $1,142,143. This represents a 4.52% 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 this hyperlink. Also, CEO John W. Peyton acquired 4,523 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were acquired at an average price 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 trade represents a 2.44% increase in their position. The disclosure for this purchase can be found here. 4.56% of the stock is owned by insiders.

Dine Brands Global Stock Performance

Shares of NYSE DIN traded up $0.35 during midday trading on Friday, reaching $23.65. The stock had a trading volume of 555,420 shares, compared to its average volume of 529,677. The stock has a 50-day moving average of $23.28 and a 200-day moving average of $23.53. The company 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 12-month low of $18.63 and a 12-month high of $37.44.

Dine Brands Global (NYSE:DIN - Get Free Report) last issued its 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 negative return on equity of 31.66% and a net margin of 5.40%.The company had revenue of $230.78 million for the quarter, compared to the consensus estimate of $222.69 million. During the same quarter in the prior year, the company posted $1.71 EPS. Dine Brands Global's revenue was up 11.9% compared to the same quarter last year. As a group, analysts forecast 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. Stockholders of record on Friday, September 19th will be issued a $0.51 dividend. The ex-dividend date is Friday, September 19th. This represents a $2.04 annualized dividend and a dividend yield of 8.6%. Dine Brands Global's payout ratio is currently 68.00%.

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.