Corient Private Wealth LP Takes Position in Dine Brands Global, Inc. $DIN

Corient Private Wealth LP bought a new stake in shares of Dine Brands Global, Inc. (NYSE:DIN) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 55,930 shares of the restaurant operator’s stock, valued at approximately $2,008,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of DIN. Garton & Associates Financial Advisors LLC purchased a new stake in Dine Brands Global during the 4th quarter valued at $26,000. Advisory Services Network LLC purchased a new position in Dine Brands Global during the third quarter worth $27,000. Legal & General Group Plc bought a new position in Dine Brands Global during the second quarter valued at $43,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Dine Brands Global during the third quarter valued at $50,000. Finally, Tower Research Capital LLC TRC raised its stake 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 valued at $51,000 after acquiring an additional 1,578 shares during the period. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Benchmark restated a “hold” rating on shares of Dine Brands Global in a report on Monday, August 10th. Mizuho set a $38.00 price target on shares of Dine Brands Global in a report on Thursday, August 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Dine Brands Global in a research report on Tuesday, June 9th. Zacks Research downgraded shares of Dine Brands Global from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Finally, Freedom Broker upgraded Dine Brands Global to a “hold” rating in a research report on Monday, August 24th. Eight equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Dine Brands Global presently has a consensus rating of “Reduce” and an average target price of $32.83.

Dine Brands Global Stock Up 0.8%

Shares of Dine Brands Global stock opened at $32.77 on Thursday. The stock’s fifty day moving average is $35.16 and its two-hundred day moving average is $31.58. Dine Brands Global, Inc. has a 52 week low of $22.47 and a 52 week high of $39.68. The company has a market capitalization of $414.86 million, a PE ratio of 69.72 and a beta of 0.94.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.04). The business had revenue of $240.90 million for the quarter, compared to the consensus estimate of $237.28 million. Dine Brands Global had a negative return on equity of 20.34% and a net margin of 0.75%.The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 earnings per share. As a group, research analysts anticipate that Dine Brands Global, Inc. will post 4.28 earnings per share for the current year.

About Dine Brands Global

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.