Vanguard Group Inc. Boosts Holdings in Dine Brands Global, Inc. $DIN

Key Points

• Vanguard Group Inc. increased its stake in DINE BRANDS GLOBAL by 7.4% during the first quarter, acquiring an additional 71,941 shares and now owns approximately 6.68% of the company worth $24.3 million.
• Recent insider transactions include CFO Vance Yuwen Chang purchasing 2,340 shares and CEO John W. Peyton acquiring 4,523 shares, indicating confidence from company leadership.
• DINE BRANDS GLOBAL reported earnings of $1.17 per share for the most recent quarter, missing expectations, while revenues increased by 11.9% year-over-year to $230.78 million.

Vanguard Group Inc. lifted its position in Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 7.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,043,716 shares of the restaurant operator's stock after purchasing an additional 71,941 shares during the period. Vanguard Group Inc. owned 6.68% of Dine Brands Global worth $24,287,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. LSV Asset Management boosted its holdings in shares of Dine Brands Global by 1.9% in the first quarter. LSV Asset Management now owns 647,392 shares of the restaurant operator's stock valued at $15,065,000 after purchasing an additional 12,300 shares during the period. Olstein Capital Management L.P. boosted its holdings in shares of Dine Brands Global by 12.6% in 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 purchasing an additional 39,842 shares during the period. Schonfeld Strategic Advisors LLC boosted its holdings in shares of Dine Brands Global by 691.0% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 290,403 shares of the restaurant operator's stock valued at $8,741,000 after purchasing an additional 253,688 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Dine Brands Global by 17.6% in the fourth quarter. Two Sigma Investments LP now owns 287,025 shares of the restaurant operator's stock valued at $8,639,000 after purchasing an additional 42,870 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings 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 valued at $5,724,000 after purchasing an additional 14,958 shares during the period. Hedge funds and other institutional investors own 92.83% of the company's stock.

Dine Brands Global Trading Down 1.2%

Shares of DIN stock traded down $0.27 during trading hours on Wednesday, reaching $22.94. 450,040 shares of the company's stock were exchanged, compared to its average volume of 573,795. The stock's 50 day moving average is $23.34 and its 200-day moving average is $23.57. The company has a market cap of $352.86 million, a price-to-earnings ratio of 7.65 and a beta of 1.05. Dine Brands Global, Inc. has a fifty-two week low of $18.63 and a fifty-two week 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 analysts' consensus estimates of $1.49 by ($0.32). The business had revenue of $230.78 million for the quarter, compared to analyst estimates of $222.69 million. Dine Brands Global had a negative return on equity of 31.66% and a net margin of 5.40%.The business's revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.71 earnings per share. Equities analysts anticipate that Dine Brands Global, Inc. will post 5.84 EPS for the current year.

Insider Buying and Selling at Dine Brands Global

In other news, CFO Vance Yuwen Chang bought 2,340 shares of the business's stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 54,130 shares in the company, valued at approximately $1,142,143. The trade was a 4.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John W. Peyton bought 4,523 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 189,563 shares in the company, valued at $4,191,237.93. This trade represents a 2.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.56% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DIN shares. KeyCorp lowered their price target on Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. Barclays reduced their price objective on shares of Dine Brands Global from $24.00 to $22.00 and set an "equal weight" rating for the company in a research note on Thursday, August 7th. UBS Group reduced their price objective on shares of Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Truist Financial reduced their price objective on shares of Dine Brands Global from $27.00 to $23.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Finally, Zacks Research raised shares of Dine Brands Global to a "strong sell" rating in a research note on Friday, August 8th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price 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.