UBS Group AG Trims Holdings in Dine Brands Global, Inc. $DIN

UBS Group AG cut its stake in shares of Dine Brands Global, Inc. (NYSE:DIN) by 23.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 232,216 shares of the restaurant operator’s stock after selling 72,238 shares during the period. UBS Group AG’s holdings in Dine Brands Global were worth $7,463,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Management Professionals Inc. boosted its stake in Dine Brands Global by 45.4% during the fourth quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 326 shares during the period. Advisory Services Network LLC bought a new stake in shares of Dine Brands Global during the 3rd quarter valued at about $27,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Dine Brands Global during the third quarter worth about $50,000. Tower Research Capital LLC TRC increased its position in shares of Dine Brands Global by 307.6% in 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. Finally, Quadrant Capital Group LLC purchased a new stake in Dine Brands Global in the third quarter valued at approximately $87,000. Institutional investors own 92.83% of the company’s stock.

Insiders Place Their Bets

In other news, Director Michael Hyter sold 1,800 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $28.88, for a total value of $51,984.00. Following the sale, the director directly owned 9,315 shares of the company’s stock, valued at $269,017.20. This represents a 16.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas M. Pasquale bought 1,000 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were acquired at an average cost of $27.75 per share, with a total value of $27,750.00. Following the purchase, the director directly owned 32,469 shares of the company’s stock, valued at approximately $901,014.75. This represents a 3.18% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 6,000 shares of company stock worth $173,310. Company insiders own 6.73% of the company’s stock.

Dine Brands Global Stock Performance

Shares of DIN stock opened at $29.97 on Tuesday. Dine Brands Global, Inc. has a fifty-two week low of $19.58 and a fifty-two week high of $39.68. The stock has a 50 day moving average price of $27.96 and a two-hundred day moving average price of $30.65. The company has a market capitalization of $380.13 million, a P/E ratio of 29.67 and a beta of 0.94.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.12). Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.The business had revenue of $225.20 million during the quarter, compared to the consensus estimate of $222.08 million. During the same period in the previous year, the business earned $1.03 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities analysts predict that Dine Brands Global, Inc. will post 4.62 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Wednesday, June 24th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, June 24th. Dine Brands Global’s dividend payout ratio (DPR) is presently 75.25%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays cut their price target on shares of Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th. KeyCorp reissued a “sector weight” rating on shares of Dine Brands Global in a research note on Thursday, April 2nd. UBS Group lowered their price target on Dine Brands Global from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, February 26th. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research note on Monday, March 2nd. Finally, Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a report on Thursday, April 2nd. Seven investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Dine Brands Global has an average rating of “Hold” and a consensus price target of $30.40.

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.