Dine Brands Global, Inc. (NYSE:DIN) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN) by 27.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 10,528 shares of the restaurant operator’s stock after selling 3,994 shares during the period. Los Angeles Capital Management LLC’s holdings in Dine Brands Global were worth $329,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Olstein Capital Management L.P. lifted its holdings in Dine Brands Global by 25.1% during the 3rd quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock worth $9,438,000 after buying an additional 60,605 shares in the last quarter. Olympiad Research LP acquired a new stake in Dine Brands Global during the 3rd quarter worth approximately $407,000. Ballentine Partners LLC acquired a new stake in Dine Brands Global during the 3rd quarter worth approximately $421,000. Signaturefd LLC lifted its holdings in Dine Brands Global by 383.4% during the 3rd quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock worth $93,000 after buying an additional 2,358 shares in the last quarter. Finally, Creative Planning lifted its holdings in Dine Brands Global by 162.8% during the 3rd quarter. Creative Planning now owns 25,573 shares of the restaurant operator’s stock worth $799,000 after buying an additional 15,843 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Dine Brands Global Price Performance

NYSE DIN opened at $35.30 on Monday. The firm’s fifty day moving average price is $31.49 and its 200 day moving average price is $34.54. The company has a market capitalization of $538.33 million, a price-to-earnings ratio of 5.87 and a beta of 1.71. Dine Brands Global, Inc. has a 12 month low of $28.25 and a 12 month high of $52.05.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.10. The firm had revenue of $195.00 million for the quarter, compared to the consensus estimate of $198.40 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The company’s revenue was down 3.8% on a year-over-year basis. During the same period last year, the firm posted $1.46 EPS. As a group, sell-side analysts forecast that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 5.78%. The ex-dividend date was Friday, September 20th. Dine Brands Global’s payout ratio is currently 33.94%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DIN shares. UBS Group reduced their target price on shares of Dine Brands Global from $51.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. KeyCorp dropped their price objective on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, October 18th. StockNews.com downgraded shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Benchmark reissued a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. Finally, CL King downgraded shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dine Brands Global currently has an average rating of “Hold” and an average target price of $46.14.

About Dine Brands Global

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.