LSV Asset Management Has $11.94 Million Stock Holdings in Dine Brands Global, Inc. $DIN

LSV Asset Management reduced its position in Dine Brands Global, Inc. (NYSE:DIN) by 8.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 482,892 shares of the restaurant operator’s stock after selling 46,600 shares during the period. LSV Asset Management owned approximately 3.14% of Dine Brands Global worth $11,937,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DIN. Mountain Hill Investment Partners Corp. lifted its stake in shares of Dine Brands Global by 33.3% in the second quarter. Mountain Hill Investment Partners Corp. now owns 2,000 shares of the restaurant operator’s stock valued at $49,000 after buying an additional 500 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Dine Brands Global by 307.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator’s stock worth $51,000 after acquiring an additional 1,578 shares during the last quarter. AdvisorShares Investments LLC lifted its position in Dine Brands Global by 36.7% in the 2nd quarter. AdvisorShares Investments LLC now owns 4,474 shares of the restaurant operator’s stock valued at $109,000 after acquiring an additional 1,200 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Dine Brands Global by 544.8% during the 2nd 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 last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Dine Brands Global during the 2nd quarter worth approximately $245,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Stock Performance

Shares of NYSE:DIN opened at $31.82 on Friday. The company has a market capitalization of $458.86 million, a P/E ratio of 14.21 and a beta of 0.97. The company’s 50-day moving average is $34.79 and its 200 day moving average is $28.57. Dine Brands Global, Inc. has a fifty-two week low of $18.63 and a fifty-two week high of $39.68.

Wall Street Analysts Forecast Growth

DIN has been the topic of several analyst reports. UBS Group lifted their target price on Dine Brands Global from $21.00 to $35.00 and gave the company a “neutral” rating in a research report on Tuesday, January 6th. Barclays lifted their price objective on shares of Dine Brands Global from $26.00 to $40.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. Sanford C. Bernstein set a $29.00 target price on shares of Dine Brands Global in a report on Wednesday, October 22nd. Mizuho raised their price target on shares of Dine Brands Global from $28.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, January 9th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dine Brands Global in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $31.29.

Insider Transactions at Dine Brands Global

In other news, Director Richard J. Dahl purchased 3,600 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was bought at an average price of $27.47 per share, for a total transaction of $98,892.00. Following the purchase, the director owned 3,600 shares of the company’s stock, valued at $98,892. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.56% of the stock is owned by corporate insiders.

Dine Brands Global 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.