Dine Brands Global, Inc. $DIN Shares Sold by CastleKnight Management LP

CastleKnight Management LP decreased its position in Dine Brands Global, Inc. (NYSE:DIN) by 17.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 274,067 shares of the restaurant operator’s stock after selling 58,900 shares during the period. CastleKnight Management LP’s holdings in Dine Brands Global were worth $8,809,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Dine Brands Global by 10.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,041,335 shares of the restaurant operator’s stock worth $25,742,000 after purchasing an additional 101,304 shares during the period. Cibc World Market Inc. lifted its holdings in shares of Dine Brands Global by 14.0% in the 4th quarter. Cibc World Market Inc. now owns 821,184 shares of the restaurant operator’s stock worth $26,393,000 after purchasing an additional 101,054 shares during the last quarter. Millennium Management LLC boosted its position in Dine Brands Global by 51.2% during the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after purchasing an additional 172,013 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Dine Brands Global by 16.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 377,399 shares of the restaurant operator’s stock valued at $12,130,000 after purchasing an additional 54,506 shares during the period. Finally, Two Sigma Investments LP boosted its position in Dine Brands Global by 3.8% during the 3rd quarter. Two Sigma Investments LP now owns 353,292 shares of the restaurant operator’s stock valued at $8,733,000 after purchasing an additional 12,821 shares during the period. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Price Performance

NYSE:DIN opened at $33.49 on Thursday. Dine Brands Global, Inc. has a 12-month low of $19.58 and a 12-month high of $39.68. The firm has a market capitalization of $424.92 million, a P/E ratio of 33.15 and a beta of 0.97. The business has a 50 day simple moving average of $29.45 and a 200 day simple moving average of $31.37.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $222.08 million. During the same quarter last year, the firm posted $1.03 EPS. The company’s revenue was up 4.8% compared to the same quarter last year. Research analysts anticipate that Dine Brands Global, Inc. will post 4.64 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Wednesday, June 24th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, June 24th. Dine Brands Global’s payout ratio is 75.25%.

Insider Transactions at Dine Brands Global

In other Dine Brands Global news, Director Michael Hyter sold 1,800 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $28.88, for a total transaction of $51,984.00. Following the completion of the transaction, the director owned 9,315 shares in the company, valued at approximately $269,017.20. The trade was a 16.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 6.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DIN. Barclays reduced their price objective on Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. Mizuho reduced their price objective on Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. KeyCorp restated a “sector weight” rating on shares of Dine Brands Global in a research report on Thursday, April 2nd. Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Dine Brands Global in a research report on Tuesday, June 9th. Seven equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.