Arizona State Retirement System cut its position in Dine Brands Global Inc (NYSE:DIN) by 8.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,941 shares of the restaurant operator’s stock after selling 2,492 shares during the quarter. Arizona State Retirement System owned approximately 0.15% of Dine Brands Global worth $1,940,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DIN. Xact Kapitalforvaltning AB purchased a new stake in shares of Dine Brands Global during the second quarter worth about $217,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Dine Brands Global during the first quarter worth about $257,000. Daiwa Securities Group Inc. purchased a new stake in shares of Dine Brands Global during the second quarter worth about $262,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Dine Brands Global during the first quarter worth about $275,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Dine Brands Global during the second quarter worth about $282,000. Institutional investors and hedge funds own 97.14% of the company’s stock.

DIN has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Dine Brands Global from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research note on Wednesday, August 22nd. Maxim Group restated a “buy” rating and set a $101.00 price target (up previously from $95.00) on shares of Dine Brands Global in a research note on Wednesday, August 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $91.67.

In related news, SVP Bryan R. Adel sold 10,488 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $89.50, for a total value of $938,676.00. Following the sale, the senior vice president now owns 26,895 shares in the company, valued at $2,407,102.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Larry Alan Kay sold 415 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $71.81, for a total value of $29,801.15. The disclosure for this sale can be found here. 2.75% of the stock is owned by corporate insiders.

Shares of DIN stock opened at $91.68 on Friday. Dine Brands Global Inc has a fifty-two week low of $37.11 and a fifty-two week high of $95.00. The stock has a market cap of $1.56 billion, a PE ratio of 22.09 and a beta of 0.07. The company has a debt-to-equity ratio of -6.10, a quick ratio of 1.26 and a current ratio of 1.26.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, August 1st. The restaurant operator reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.05. The business had revenue of $184.47 million for the quarter, compared to analyst estimates of $186.92 million. Dine Brands Global had a negative return on equity of 35.19% and a negative net margin of 50.50%. The company’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.34 earnings per share. sell-side analysts predict that Dine Brands Global Inc will post 5.36 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 5th. Investors of record on Thursday, September 20th will be given a $0.63 dividend. The ex-dividend date of this dividend is Wednesday, September 19th. This represents a $2.52 dividend on an annualized basis and a yield of 2.75%. Dine Brands Global’s dividend payout ratio is currently 60.72%.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) 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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