Aigen Investment Management LP Raises Position in Dine Brands Global, Inc. (NYSE:DIN)

Aigen Investment Management LP increased its stake in Dine Brands Global, Inc. (NYSE:DIN) by 65.0% during the 3rd quarter, Holdings Channel reports. The fund owned 20,687 shares of the restaurant operator’s stock after purchasing an additional 8,149 shares during the quarter. Aigen Investment Management LP’s holdings in Dine Brands Global were worth $646,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Quarry LP increased its holdings in Dine Brands Global by 32.8% during the 2nd quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock worth $83,000 after purchasing an additional 567 shares during the period. Headlands Technologies LLC raised its holdings in Dine Brands Global by 438.7% in the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 623 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Dine Brands Global by 3.6% in the second quarter. Nisa Investment Advisors LLC now owns 20,189 shares of the restaurant operator’s stock worth $742,000 after acquiring an additional 695 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Dine Brands Global by 30.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock worth $117,000 after acquiring an additional 746 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new stake in shares of Dine Brands Global in the 2nd quarter valued at approximately $35,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Dine Brands Global Stock Performance

Shares of NYSE:DIN opened at $34.88 on Thursday. Dine Brands Global, Inc. has a one year low of $28.25 and a one year high of $52.05. The stock has a market capitalization of $531.84 million, a price-to-earnings ratio of 5.80 and a beta of 1.71. The company has a 50-day simple moving average of $31.24 and a 200-day simple moving average of $34.66.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.10. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The firm had revenue of $195.00 million for the quarter, compared to analysts’ expectations of $198.40 million. During the same quarter in the previous year, the firm posted $1.46 EPS. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. As a group, research analysts forecast that Dine Brands Global, Inc. will post 5.83 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 5.85%. The ex-dividend date of this dividend was Friday, September 20th. Dine Brands Global’s dividend payout ratio (DPR) is presently 33.94%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DIN shares. StockNews.com cut Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. KeyCorp dropped their target price on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, October 18th. Truist Financial reiterated a “hold” rating and set a $37.00 price target (down from $66.00) on shares of Dine Brands Global in a research note on Friday, October 4th. CL King downgraded shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Finally, Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $46.14.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.