Arizona State Retirement System grew its holdings in shares of Dine Brands Global Inc (NYSE:DIN) by 223.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,233 shares of the restaurant operator’s stock after acquiring an additional 20,876 shares during the period. Arizona State Retirement System’s holdings in Dine Brands Global were worth $1,534,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DIN. State Street Corp grew its stake in shares of Dine Brands Global by 2.4% during the second quarter. State Street Corp now owns 450,041 shares of the restaurant operator’s stock valued at $19,824,000 after acquiring an additional 10,633 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Dine Brands Global by 18.5% during the third quarter. First Trust Advisors LP now owns 29,656 shares of the restaurant operator’s stock worth $1,275,000 after purchasing an additional 4,625 shares during the last quarter. Aperio Group LLC lifted its position in shares of Dine Brands Global by 160.7% during the third quarter. Aperio Group LLC now owns 43,440 shares of the restaurant operator’s stock worth $1,867,000 after purchasing an additional 26,780 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Dine Brands Global during the third quarter worth about $228,000. Finally, Victory Capital Management Inc. lifted its position in shares of Dine Brands Global by 18.6% during the third quarter. Victory Capital Management Inc. now owns 15,068 shares of the restaurant operator’s stock worth $648,000 after purchasing an additional 2,364 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

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In other Dine Brands Global news, Director Larry Alan Kay sold 1,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $74.28, for a total value of $74,280.00. Following the transaction, the director now owns 8,599 shares of the company’s stock, valued at $638,733.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Bryan R. Adel sold 983 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $78.21, for a total transaction of $76,880.43. The disclosure for this sale can be found here. Company insiders own 2.15% of the company’s stock.

Several brokerages have recently commented on DIN. Standpoint Research reaffirmed a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, February 27th. ValuEngine cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Raymond James Financial raised shares of Dine Brands Global from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $36.71 to $85.00 in a research report on Monday, February 26th. Maxim Group reaffirmed a “buy” rating and set a $87.00 price target (up previously from $62.00) on shares of Dine Brands Global in a research report on Tuesday, February 20th. Finally, Zacks Investment Research raised shares of Dine Brands Global from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $68.14.

Dine Brands Global Inc (NYSE:DIN) opened at $69.82 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of -9.35. Dine Brands Global Inc has a twelve month low of $36.71 and a twelve month high of $79.66. The stock has a market cap of $1,260.00, a PE ratio of -3.09 and a beta of 0.11.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Tuesday, February 20th. The restaurant operator reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.10. Dine Brands Global had a negative net margin of 54.71% and a positive return on equity of 230.88%. The firm had revenue of $148.78 million for the quarter, compared to analysts’ expectations of $147.98 million. During the same quarter last year, the company posted $1.37 earnings per share. Dine Brands Global’s revenue was down 3.5% on a year-over-year basis. equities analysts expect that Dine Brands Global Inc will post 5.09 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Monday, March 19th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Sunday, March 18th. This represents a $2.52 dividend on an annualized basis and a yield of 3.61%. Dine Brands Global’s dividend payout ratio is currently -17.15%.

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Dine Brands Global Profile

Dine Brands Global, Inc, formerly DineEquity, Inc, through its subsidiaries, owns and franchises the Applebee’s Neighborhood Grill & Bar (Applebee’s) concept in the bar and grill segment within the casual dining category of the restaurant industry. The Company owns, franchises and operates the International House of Pancakes (IHOP) concept in the family dining category of the restaurant industry.

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Institutional Ownership by Quarter for Dine Brands Global (NYSE:DIN)

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