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

CastleKnight Management LP cut its stake in shares of Dine Brands Global, Inc. (NYSE:DIN) by 17.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 274,067 shares of the restaurant operator’s stock after selling 58,900 shares during the period. CastleKnight Management LP owned approximately 1.90% of Dine Brands Global worth $8,809,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DIN. Advisory Services Network LLC acquired a new position in Dine Brands Global during the 3rd quarter worth approximately $27,000. Financial Management Professionals Inc. lifted its position in Dine Brands Global by 45.4% during the 4th quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 326 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Dine Brands Global during the 3rd quarter worth approximately $50,000. Tower Research Capital LLC TRC increased its holdings in Dine Brands Global by 307.6% during the 2nd 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 during the 3rd quarter worth approximately $87,000. 92.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DIN. Barclays dropped their price objective on Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Dine Brands Global in a report on Tuesday, June 9th. Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a report on Thursday, April 2nd. Benchmark restated a “hold” rating on shares of Dine Brands Global in a report on Monday, March 2nd. Finally, KeyCorp restated a “sector weight” rating on shares of Dine Brands Global in a report on Thursday, April 2nd. Seven research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Dine Brands Global presently has an average rating of “Hold” and a consensus target price of $30.40.

Dine Brands Global Stock Up 2.1%

DIN stock opened at $33.49 on Thursday. Dine Brands Global, Inc. has a 52-week low of $19.58 and a 52-week high of $39.68. The stock’s 50 day moving average is $29.45 and its two-hundred day moving average is $31.37. The company has a market capitalization of $424.92 million, a PE ratio of 33.15 and a beta of 0.97.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data 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). The business had revenue of $225.20 million for the quarter, compared to analysts’ expectations of $222.08 million. Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.Dine Brands Global’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 earnings per share. As a group, sell-side analysts anticipate that Dine Brands Global, Inc. will post 4.64 EPS for the current year.

Dine Brands Global Announces Dividend

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 given a $0.19 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $0.76 annualized dividend and a dividend yield of 2.3%. Dine Brands Global’s dividend payout ratio (DPR) is presently 75.25%.

Insider Activity at Dine Brands Global

In other news, Director Michael Hyter sold 1,800 shares of Dine Brands Global stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $28.88, for a total value 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. This trade represents a 16.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.73% of the company’s stock.

Dine Brands Global Company 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.