SG Americas Securities LLC Invests $1.98 Million in Dine Brands Global, Inc. $DIN

SG Americas Securities LLC bought a new stake in Dine Brands Global, Inc. (NYSE:DIN) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 80,219 shares of the restaurant operator’s stock, valued at approximately $1,983,000. SG Americas Securities LLC owned about 0.52% of Dine Brands Global as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Mountain Hill Investment Partners Corp. lifted its stake in Dine Brands Global by 33.3% during the 2nd quarter. Mountain Hill Investment Partners Corp. now owns 2,000 shares of the restaurant operator’s stock valued at $49,000 after acquiring an additional 500 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Dine Brands Global by 307.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 1,578 shares during the last quarter. AdvisorShares Investments LLC lifted its position in Dine Brands Global by 36.7% during the second quarter. AdvisorShares Investments LLC now owns 4,474 shares of the restaurant operator’s stock valued at $109,000 after purchasing an additional 1,200 shares during the period. Osaic Holdings Inc. lifted its position in Dine Brands Global by 544.8% during the second quarter. Osaic Holdings Inc. now owns 7,235 shares of the restaurant operator’s stock valued at $176,000 after purchasing an additional 6,113 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Dine Brands Global in the second quarter valued at $245,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on DIN. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dine Brands Global in a research note on Monday, December 29th. Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Sanford C. Bernstein set a $29.00 price target on Dine Brands Global in a report on Wednesday, October 22nd. Barclays upped their price objective on Dine Brands Global from $26.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Finally, Mizuho raised their price objective on shares of Dine Brands Global from $28.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $31.29.

Dine Brands Global Trading Up 3.4%

Shares of DIN stock opened at $38.77 on Thursday. Dine Brands Global, Inc. has a 12-month low of $18.63 and a 12-month high of $38.88. The business’s 50 day moving average is $31.75 and its two-hundred day moving average is $26.96. The company has a market capitalization of $559.09 million, a P/E ratio of 17.31 and a beta of 0.92.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, November 5th. The restaurant operator reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.09). Dine Brands Global had a negative return on equity of 26.01% and a net margin of 3.91%.The business had revenue of $216.17 million for the quarter, compared to analyst estimates of $221.61 million. During the same period in the previous year, the company earned $1.44 earnings per share. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, research analysts predict that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 23rd were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Tuesday, December 23rd. Dine Brands Global’s dividend payout ratio is 33.93%.

Insider Transactions at Dine Brands Global

In other news, Director Richard J. Dahl purchased 3,600 shares of the stock in a transaction dated Friday, November 21st. The shares were purchased at an average cost of $27.47 per share, with a total value of $98,892.00. Following the completion of the purchase, the director directly owned 3,600 shares of the company’s stock, valued at approximately $98,892. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Howard M. Berk acquired 4,082 shares of Dine Brands Global stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost of $24.50 per share, with a total value of $100,009.00. Following the completion of the purchase, the director owned 41,947 shares in the company, valued at $1,027,701.50. The trade was a 10.78% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 8,332 shares of company stock worth $220,455 over the last ninety days. 4.56% of the stock is currently owned by corporate insiders.

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.