Dine Brands Global Inc (DIN) Stake Lowered by American Asset Management Inc.

American Asset Management Inc. lessened its stake in Dine Brands Global Inc (NYSE:DIN) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,490 shares of the restaurant operator’s stock after selling 400 shares during the quarter. American Asset Management Inc.’s holdings in Dine Brands Global were worth $235,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DIN. William Blair Investment Management LLC bought a new stake in Dine Brands Global in the 3rd quarter valued at $11,996,000. Victory Capital Management Inc. raised its stake in Dine Brands Global by 16.3% in the 3rd quarter. Victory Capital Management Inc. now owns 716,170 shares of the restaurant operator’s stock valued at $58,232,000 after acquiring an additional 100,200 shares during the period. Vanguard Group Inc raised its stake in Dine Brands Global by 4.6% in the 3rd quarter. Vanguard Group Inc now owns 2,249,620 shares of the restaurant operator’s stock valued at $182,917,000 after acquiring an additional 98,950 shares during the period. Vanguard Group Inc. raised its stake in Dine Brands Global by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 2,249,620 shares of the restaurant operator’s stock valued at $182,917,000 after acquiring an additional 98,950 shares during the period. Finally, Waratah Capital Advisors Ltd. bought a new stake in Dine Brands Global in the 3rd quarter valued at $7,011,000.

DIN stock opened at $83.96 on Tuesday. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 20.23 and a beta of 0.45. Dine Brands Global Inc has a fifty-two week low of $52.67 and a fifty-two week high of $95.09.

A number of research firms recently weighed in on DIN. Zacks Investment Research cut Dine Brands Global from a “hold” rating to a “sell” rating in a research note on Monday, November 5th. ValuEngine upgraded Dine Brands Global from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, TheStreet upgraded Dine Brands Global from a “d+” rating to a “c+” rating in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Dine Brands Global presently has an average rating of “Hold” and an average target price of $108.00.

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About Dine Brands Global

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.

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Institutional Ownership by Quarter for Dine Brands Global (NYSE:DIN)

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