Russell Investments Group Ltd. Boosts Stake in DINE BRANDS GLOBAL, INC. $DIN

Key Points

• Russell Investments Group Ltd. increased its stake in DINE BRANDS GLOBAL, INC. by 255.6%, owning 25,006 shares valued at approximately $582,000.
• Major institutional investors like GAMMA Investing LLC and CWM LLC significantly raised their positions, indicating strong interest in the stock, which is now 92.83% owned by institutional investors.
• DINE BRANDS GLOBAL reported a net margin of 5.40% and earnings of $1.17 EPS for the latest quarter, missing analysts' expectations while showing an 11.9% revenue increase compared to the previous year.

Russell Investments Group Ltd. increased its position in DINE BRANDS GLOBAL, INC. (NYSE:DIN - Free Report) by 255.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,006 shares of the restaurant operator's stock after purchasing an additional 17,974 shares during the period. Russell Investments Group Ltd. owned 0.16% of DINE BRANDS GLOBAL worth $582,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. boosted its holdings in shares of DINE BRANDS GLOBAL by 50.0% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 1,500 shares of the restaurant operator's stock valued at $35,000 after buying an additional 500 shares in the last quarter. Ancora Advisors LLC bought a new stake in DINE BRANDS GLOBAL during the fourth quarter worth about $40,000. GAMMA Investing LLC boosted its stake in DINE BRANDS GLOBAL by 5,126.3% during the first quarter. GAMMA Investing LLC now owns 6,167 shares of the restaurant operator's stock worth $144,000 after acquiring an additional 6,049 shares in the last quarter. CWM LLC grew its holdings in DINE BRANDS GLOBAL by 215.5% in the first quarter. CWM LLC now owns 7,620 shares of the restaurant operator's stock worth $177,000 after purchasing an additional 5,205 shares during the period. Finally, Teza Capital Management LLC bought a new position in shares of DINE BRANDS GLOBAL during the fourth quarter valued at approximately $229,000. Hedge funds and other institutional investors own 92.83% of the company's stock.

DINE BRANDS GLOBAL Stock Up 1.4%

Shares of NYSE DIN traded up $0.32 during trading on Thursday, reaching $23.25. 357,681 shares of the company traded hands, compared to its average volume of 544,499. The firm has a 50 day simple moving average of $23.30 and a 200-day simple moving average of $23.55. DINE BRANDS GLOBAL, INC. has a 52-week low of $18.63 and a 52-week high of $37.44. The stock has a market capitalization of $357.62 million, a PE ratio of 7.75 and a beta of 1.05.

DINE BRANDS GLOBAL (NYSE:DIN - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $230.78 million for the quarter, compared to the consensus estimate of $222.69 million. During the same quarter last year, the company earned $1.71 EPS. The firm's revenue for the quarter was up 11.9% on a year-over-year basis. As a group, research analysts predict that DINE BRANDS GLOBAL, INC. will post 5.84 EPS for the current year.

DINE BRANDS GLOBAL Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Friday, September 19th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.8%. DINE BRANDS GLOBAL's dividend payout ratio (DPR) is currently 68.00%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Zacks Research raised DINE BRANDS GLOBAL to a "strong sell" rating in a research report on Friday, August 8th. Truist Financial dropped their target price 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. Barclays reduced their price target on 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. UBS Group dropped their price target on shares of DINE BRANDS GLOBAL from $25.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Finally, KeyCorp reduced their price objective on shares of DINE BRANDS GLOBAL from $30.00 to $26.00 and set an "overweight" rating for the company in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $26.00.

Insider Buying and Selling at DINE BRANDS GLOBAL

In other news, CFO Vance Yuwen Chang bought 2,340 shares of the company's stock in a transaction on 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 of the company's stock, valued at approximately $1,142,143. This trade represents a 4.52% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John W. Peyton purchased 4,523 shares of DINE BRANDS GLOBAL stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average cost of $22.11 per share, with a total value of $100,003.53. Following the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.56% of the company's stock.

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.