Royal Bank of Canada Has $847,000 Stock Position in Dine Brands Global, Inc. $DIN

Royal Bank of Canada reduced its position in shares of Dine Brands Global, Inc. (NYSE:DIN) by 47.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 32,288 shares of the restaurant operator’s stock after selling 28,986 shares during the quarter. Royal Bank of Canada’s holdings in Dine Brands Global were worth $847,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. AdvisorShares Investments LLC raised its stake in shares of Dine Brands Global by 8.2% during the fourth quarter. AdvisorShares Investments LLC now owns 3,758 shares of the restaurant operator’s stock worth $121,000 after buying an additional 284 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Dine Brands Global by 8.8% in the fourth quarter. Quadrant Capital Group LLC now owns 3,821 shares of the restaurant operator’s stock valued at $123,000 after acquiring an additional 309 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Dine Brands Global by 1.2% in the fourth quarter. Russell Investments Group Ltd. now owns 28,282 shares of the restaurant operator’s stock valued at $909,000 after acquiring an additional 326 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in Dine Brands Global during the 4th quarter worth $26,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Dine Brands Global by 4.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,557 shares of the restaurant operator’s stock worth $822,000 after acquiring an additional 1,010 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 $35.86 on Friday. Dine Brands Global, Inc. has a fifty-two week low of $21.85 and a fifty-two week high of $39.68. The stock has a market capitalization of $453.99 million, a PE ratio of 76.30 and a beta of 0.96. The business’s 50-day simple moving average is $35.07 and its 200-day simple moving average is $31.66.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%.Dine Brands Global’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 earnings per share. On average, research analysts expect that Dine Brands Global, Inc. will post 4.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DIN. Benchmark reissued a “hold” rating on shares of Dine Brands Global in a research note on Monday, August 10th. Mizuho set a $38.00 target price on shares of Dine Brands Global in a report on Thursday, August 6th. Barclays reduced their price target on shares of Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. Piper Sandler boosted their price target on shares of Dine Brands Global from $28.00 to $37.00 and gave the company a “neutral” rating in a report on Monday, August 10th. 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 and one has given a Sell rating to the company. According to data from MarketBeat.com, Dine Brands Global presently has an average rating of “Reduce” and a consensus price target of $32.83.

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.