5 Cheap Restaurant Stocks to Buy Now

3. Dine Brands Global, Inc. (NYSE:DIN)

Number of Hedge Fund Investors in Q1 2023: 19

Trailing P/E Ratio: 11.3

Dine Brands Global, Inc. (NYSE:DIN) operates three different franchise brands as well as its own facilities. The firm has grown its operating income by a strong 22.5% over the past five years. The shares are rated Buy on average and they offer a solid upside of $22.

19 of the 943 hedge funds part of Insider Monkey’s Q1 2023 database had owned Dine Brands Global, Inc. (NYSE:DIN)’s shares. The firm’s biggest hedge fund investor is Glenn Fuhrman and John Phelan’s MSD Capital courtesy of its $50 million investment.