Bank Of America Reports A 6.9% Passive Stake In Dine Brands
The bank's filing lists 868,538 Dine Brands shares, with shared voting power over 796,773 of them.
Bank of America holds 6.9% of Dine Brands, the owner of IHOP and Applebee's, according to a Schedule 13G passive ownership disclosure filed Wednesday. The position totals 868,538 common shares, with an event date of September 30.
868,538 Shares, Mostly Shared Voting
Bank of America reported shared voting power over 796,773 of the shares and sole voting power over none. It classified itself as a parent holding company.
The filing was made for the bank and its wholly owned units: BofA Securities, Bank of America N.A., Merrill Lynch International and Merrill Lynch, Pierce, Fenner & Smith.
The 6.9% rests on 12,659,150 shares outstanding, the count Dine Brands gave in its quarterly report on August 5, with totals as of July 26, 2026.
The bank certified that the shares were acquired and are held in the ordinary course of business, not to change or influence control of the company.
The Pasadena Franchisor
Dine Brands, based in Pasadena, California, owns and franchises IHOP, Applebee's Neighborhood Grill + Bar and Fuzzy's Taco Shop. As of December 28, 2025, independent franchisees owned and operated the substantial majority of its 3,509 restaurants. IHOP and Applebee's together produced about 74% of revenue for the year ended that date.
Dine Brands shares rose about 4% to $33.28 in Wednesday trading, from a prior close of $32.01. The company's market value was about $405 million.
Dine Brands is expected to report results for the quarter ended September 2026 on November 4, according to a Zacks note on Yahoo Finance.
