Ancora Advisors LLC boosted its stake in shares of Dine Brands Global Inc (NYSE:DIN) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 182,241 shares of the restaurant operator’s stock after purchasing an additional 4,856 shares during the period. Ancora Advisors LLC’s holdings in Dine Brands Global were worth $12,272,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Meeder Asset Management Inc. raised its stake in Dine Brands Global by 2,426.7% during the fourth quarter. Meeder Asset Management Inc. now owns 379 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 364 shares during the period. Enlightenment Research LLC purchased a new position in Dine Brands Global during the fourth quarter worth approximately $27,000. Lindbrook Capital LLC purchased a new position in Dine Brands Global during the fourth quarter worth approximately $51,000. Captrust Financial Advisors raised its stake in Dine Brands Global by 159.8% during the fourth quarter. Captrust Financial Advisors now owns 847 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 521 shares during the period. Finally, Cutler Group LP purchased a new position in Dine Brands Global during the fourth quarter worth approximately $79,000.
In other news, Director Larry Alan Kay sold 700 shares of the firm’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $99.00, for a total value of $69,300.00. Following the transaction, the director now owns 6,684 shares of the company’s stock, valued at approximately $661,716. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Bryan R. Adel sold 13,806 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $97.46, for a total transaction of $1,345,532.76. The disclosure for this sale can be found here. In the last three months, insiders sold 21,496 shares of company stock worth $2,110,338. Insiders own 2.75% of the company’s stock.
Dine Brands Global (NYSE:DIN) last issued its earnings results on Thursday, February 21st. The restaurant operator reported $1.70 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.13. Dine Brands Global had a net margin of 10.29% and a negative return on equity of 45.41%. The business had revenue of $174.60 million for the quarter, compared to the consensus estimate of $197.28 million. During the same quarter last year, the firm posted $0.48 EPS. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Dine Brands Global Inc will post 7.16 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Wednesday, March 20th will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Tuesday, March 19th. This is an increase from Dine Brands Global’s previous quarterly dividend of $0.63. Dine Brands Global’s dividend payout ratio (DPR) is currently 46.93%.
A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Dine Brands Global from a “hold” rating to a “sell” rating in a research note on Wednesday, November 21st. ValuEngine raised shares of Dine Brands Global from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Wedbush assumed coverage on shares of Dine Brands Global in a research note on Thursday, January 31st. They issued an “outperform” rating and a $120.00 target price on the stock. Finally, Maxim Group reissued a “buy” rating on shares of Dine Brands Global in a research note on Wednesday, January 9th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Dine Brands Global presently has a consensus rating of “Buy” and a consensus price target of $115.75.
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Dine Brands Global Profile
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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