Dine Brands Global, Inc. $DIN Shares Purchased by Cibc World Market Inc.

Cibc World Market Inc. grew its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN) by 14.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 821,184 shares of the restaurant operator’s stock after purchasing an additional 101,054 shares during the period. Cibc World Market Inc. owned about 0.06% of Dine Brands Global worth $26,393,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Royal Bank of Canada raised its stake in shares of Dine Brands Global by 10.7% in the 1st quarter. Royal Bank of Canada now owns 71,451 shares of the restaurant operator’s stock valued at $1,662,000 after acquiring an additional 6,908 shares during the period. Millennium Management LLC lifted its holdings in shares of Dine Brands Global by 51.2% during the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after acquiring an additional 172,013 shares in the last quarter. Invesco Ltd. boosted its position in Dine Brands Global by 16.3% during the 2nd quarter. Invesco Ltd. now owns 65,821 shares of the restaurant operator’s stock worth $1,601,000 after purchasing an additional 9,226 shares during the period. Jump Financial LLC acquired a new stake in Dine Brands Global in the 2nd quarter valued at $921,000. Finally, Gamco Investors INC. ET AL acquired a new stake in Dine Brands Global in the 2nd quarter valued at $747,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Stock Up 1.3%

NYSE:DIN opened at $29.10 on Friday. The company has a market cap of $369.22 million, a PE ratio of 28.81 and a beta of 0.97. The business’s 50 day moving average is $28.36 and its two-hundred day moving average is $31.13. Dine Brands Global, Inc. has a 52 week low of $19.58 and a 52 week high of $39.68.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.12). The firm had revenue of $225.20 million during the quarter, compared to the consensus estimate of $222.08 million. Dine Brands Global had a net margin of 1.77% and a negative return on equity of 23.28%. Dine Brands Global’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. As a group, sell-side analysts expect that Dine Brands Global, Inc. will post 4.62 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Wednesday, June 24th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, June 24th. This represents a $0.76 annualized dividend and a yield of 2.6%. Dine Brands Global’s payout ratio is presently 75.25%.

Insider Buying and Selling at Dine Brands Global

In other news, Director Michael Hyter sold 1,800 shares of Dine Brands Global stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $28.88, for a total value of $51,984.00. Following the completion of the transaction, the director directly owned 9,315 shares of the company’s stock, valued at approximately $269,017.20. The trade was a 16.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Douglas M. Pasquale acquired 1,000 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of $27.75 per share, with a total value of $27,750.00. Following the transaction, the director owned 32,469 shares in the company, valued at approximately $901,014.75. The trade was a 3.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have acquired 4,500 shares of company stock valued at $128,250. 6.73% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DIN shares. KeyCorp restated a “sector weight” rating on shares of Dine Brands Global in a research note on Thursday, April 2nd. Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Barclays dropped their target price on Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. Mizuho decreased their price target on Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Finally, Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research report on Monday, March 2nd. Seven equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.40.

Dine Brands Global Company Profile

Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.