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

Los Angeles Capital Management LLC lowered its position in Dine Brands Global, Inc. (NYSE:DIN) by 27.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,528 shares of the restaurant operator’s stock after selling 3,994 shares during the period. Los Angeles Capital Management LLC owned about 0.07% of Dine Brands Global worth $329,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Clearline Capital LP increased its stake in shares of Dine Brands Global by 225.0% during the second quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock worth $4,510,000 after purchasing an additional 86,241 shares in the last quarter. Olstein Capital Management L.P. increased its stake in shares of Dine Brands Global by 25.1% during the third quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock worth $9,438,000 after purchasing an additional 60,605 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Dine Brands Global by 19.8% during the second quarter. Cubist Systematic Strategies LLC now owns 148,286 shares of the restaurant operator’s stock worth $5,368,000 after purchasing an additional 24,556 shares in the last quarter. LSV Asset Management increased its stake in shares of Dine Brands Global by 2.8% during the second quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock worth $23,932,000 after purchasing an additional 18,200 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp purchased a new stake in shares of Dine Brands Global during the second quarter worth about $358,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Price Performance

NYSE:DIN opened at $35.30 on Monday. The firm has a market capitalization of $538.33 million, a price-to-earnings ratio of 5.87 and a beta of 1.71. The company’s 50-day moving average is $31.49 and its two-hundred day moving average is $34.54. Dine Brands Global, Inc. has a 1-year low of $28.25 and a 1-year high of $52.05.

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

Dine Brands Global Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently commented on DIN shares. StockNews.com cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. CL King cut shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. KeyCorp dropped their price objective on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. Barclays upped their price objective on shares of Dine Brands Global from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Wedbush reaffirmed an “outperform” rating and set a $47.00 price objective on shares of Dine Brands Global in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $46.14.

Dine Brands Global Profile

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.