Engineers Gate Manager LP Makes New $321,000 Investment in Dine Brands Global, Inc. (NYSE:DIN)

Engineers Gate Manager LP bought a new stake in shares of Dine Brands Global, Inc. (NYSE:DIN) in the fourth quarter, Holdings Channel reports. The firm bought 5,533 shares of the restaurant operator’s stock, valued at approximately $321,000.

Several other large investors also recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of Dine Brands Global by 2.2% during the 4th quarter. BlackRock Inc. now owns 2,700,171 shares of the restaurant operator’s stock valued at $156,610,000 after buying an additional 58,366 shares during the period. Pentwater Capital Management LP acquired a new stake in shares of Dine Brands Global during the 3rd quarter valued at $20,411,000. Voloridge Investment Management LLC boosted its stake in shares of Dine Brands Global by 6.3% during the 3rd quarter. Voloridge Investment Management LLC now owns 207,889 shares of the restaurant operator’s stock valued at $11,349,000 after buying an additional 12,263 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Dine Brands Global by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 157,702 shares of the restaurant operator’s stock valued at $9,147,000 after buying an additional 2,959 shares during the period. Finally, Crescent Park Management L.P. acquired a new stake in shares of Dine Brands Global during the 4th quarter valued at $7,773,000. 85.43% of the stock is owned by institutional investors.

In other news, SVP Bryan R. Adel sold 10,592 shares of Dine Brands Global stock in a transaction dated Wednesday, February 10th. The stock was sold at an average price of $78.56, for a total value of $832,107.52. Following the transaction, the senior vice president now directly owns 21,212 shares in the company, valued at $1,666,414.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bryan R. Adel sold 1,000 shares of Dine Brands Global stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $86.33, for a total value of $86,330.00. Following the completion of the transaction, the senior vice president now owns 11,045 shares in the company, valued at $953,514.85. The disclosure for this sale can be found here. Insiders sold 26,918 shares of company stock worth $2,044,810 over the last quarter. 2.75% of the stock is currently owned by corporate insiders.

NYSE DIN opened at $90.35 on Thursday. The stock’s 50-day moving average is $84.90 and its two-hundred day moving average is $68.76. The firm has a market cap of $1.54 billion, a P/E ratio of -19.90 and a beta of 2.02. Dine Brands Global, Inc. has a fifty-two week low of $28.55 and a fifty-two week high of $93.36.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Monday, March 1st. The restaurant operator reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.28). The business had revenue of $196.00 million during the quarter, compared to the consensus estimate of $192.49 million. Dine Brands Global had a negative return on equity of 17.91% and a negative net margin of 10.52%. The company’s revenue for the quarter was down 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.78 earnings per share. On average, analysts forecast that Dine Brands Global, Inc. will post 2.12 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Dine Brands Global from a “sell” rating to a “hold” rating in a research note on Friday, March 19th. TheStreet raised shares of Dine Brands Global from a “d+” rating to a “c-” rating in a research note on Thursday, April 1st. Deutsche Bank Aktiengesellschaft downgraded shares of Dine Brands Global from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a research report on Wednesday, February 10th. MKM Partners raised their target price on Dine Brands Global from $83.00 to $92.00 in a report on Thursday, April 1st. Finally, Truist raised their target price on Dine Brands Global from $92.00 to $100.00 in a report on Wednesday, March 3rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Dine Brands Global presently has a consensus rating of “Buy” and a consensus price target of $91.33.

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 in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.

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

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