Dine Brands Global, Inc. $DIN Shares Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its stake in DINE BRANDS GLOBAL by 40.4% to approximately 0.83% ownership, worth about $3 million.
• Multiple analysts have recently downgraded their price targets for DINE BRANDS GLOBAL, with the average price target now at $26.00 and an overall consensus rating of "Hold."
• Insider purchases included the CFO buying 2,340 shares at $21.10 each, and the CEO acquiring 4,523 shares at $22.11 each, showing confidence in the company's prospects.

Trexquant Investment LP increased its stake in Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 40.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 129,616 shares of the restaurant operator's stock after acquiring an additional 37,272 shares during the period. Trexquant Investment LP owned approximately 0.83% of Dine Brands Global worth $3,016,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DIN. Olstein Capital Management L.P. lifted its position in Dine Brands Global by 12.6% during the first quarter. Olstein Capital Management L.P. now owns 356,000 shares of the restaurant operator's stock valued at $8,284,000 after buying an additional 39,842 shares in the last quarter. GDS Wealth Management acquired a new position in Dine Brands Global during the first quarter valued at approximately $609,000. Dimensional Fund Advisors LP lifted its position in Dine Brands Global by 8.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 190,145 shares of the restaurant operator's stock valued at $5,724,000 after buying an additional 14,958 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Dine Brands Global by 21.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 189,154 shares of the restaurant operator's stock valued at $4,402,000 after buying an additional 33,731 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new position in Dine Brands Global during the fourth quarter valued at approximately $430,000. 92.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DIN. Zacks Research raised shares of Dine Brands Global to a "strong sell" rating in a research report on Friday, August 8th. Barclays reduced their price target on shares of Dine Brands Global from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 7th. Finally, KeyCorp reduced their target price 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. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Dine Brands Global has a consensus rating of "Hold" and a consensus price target of $26.00.

Insider Buying and Selling at Dine Brands Global

In other news, CEO John W. Peyton purchased 4,523 shares of Dine Brands Global stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price of $22.11 per share, with a total value of $100,003.53. Following the completion of the acquisition, the chief executive officer owned 189,563 shares in the company, valued at $4,191,237.93. The trade was a 2.44% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vance Yuwen Chang purchased 2,340 shares of Dine Brands Global stock in a transaction dated Thursday, August 21st. The shares were purchased at an average cost of $21.10 per share, with a total value of $49,374.00. Following the acquisition, 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 disclosure for this purchase can be found here. Insiders own 4.56% of the company's stock.

Dine Brands Global Stock Performance

Shares of DIN traded up $0.35 during midday trading on Friday, hitting $23.65. 555,420 shares of the stock traded hands, compared to its average volume of 529,677. Dine Brands Global, Inc. has a 1-year low of $18.63 and a 1-year high of $37.44. The firm has a market capitalization of $363.74 million, a PE ratio of 7.88 and a beta of 1.05. The business's 50 day moving average price is $23.28 and its two-hundred day moving average price is $23.50.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced 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). 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 analyst estimates of $222.69 million. During the same period last year, the firm posted $1.71 EPS. The business's revenue was up 11.9% compared to the same quarter last year. As a group, equities research analysts forecast that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

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 issued a dividend of $0.51 per share. The ex-dividend date of this dividend 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 68.00%.

About Dine Brands Global

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.