Dine Brands Global, Inc. (NYSE:DIN) Shares Sold by AlphaQuest LLC

AlphaQuest LLC reduced its stake in shares of Dine Brands Global, Inc. (NYSE:DIN) by 33.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,030 shares of the restaurant operator’s stock after selling 5,535 shares during the quarter. AlphaQuest LLC’s holdings in Dine Brands Global were worth $332,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Cibc World Market Inc. boosted its stake in shares of Dine Brands Global by 640.6% during the 4th quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator’s stock worth $14,905,000 after acquiring an additional 428,319 shares in the last quarter. Weiss Asset Management LP purchased a new stake in Dine Brands Global during the third quarter worth $6,102,000. Jane Street Group LLC grew its holdings in Dine Brands Global by 229.1% in the third quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator’s stock valued at $7,799,000 after purchasing an additional 173,831 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Dine Brands Global by 1,733.3% in the fourth quarter. Victory Capital Management Inc. now owns 132,073 shares of the restaurant operator’s stock valued at $3,975,000 after buying an additional 124,869 shares in the last quarter. Finally, Factorial Partners LLC raised its stake in shares of Dine Brands Global by 217.6% during the 3rd quarter. Factorial Partners LLC now owns 104,816 shares of the restaurant operator’s stock worth $3,273,000 after buying an additional 71,816 shares during the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

Dine Brands Global Stock Performance

Shares of DIN stock opened at $24.91 on Friday. The firm has a market capitalization of $379.90 million, a price-to-earnings ratio of 4.14 and a beta of 1.86. The company has a 50 day moving average price of $27.35 and a 200 day moving average price of $30.19. Dine Brands Global, Inc. has a one year low of $22.36 and a one year high of $48.39.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.48). Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The firm had revenue of $204.80 million during the quarter, compared to analysts’ expectations of $200.75 million. During the same period last year, the business posted $1.40 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. As a group, equities analysts forecast that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.19%. The ex-dividend date of this dividend is Monday, March 17th. Dine Brands Global’s payout ratio is currently 48.46%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Sanford C. Bernstein set a $26.00 target price on shares of Dine Brands Global in a report on Thursday, March 6th. Piper Sandler cut their price objective on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. Barclays lowered their target price on Dine Brands Global from $32.00 to $26.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. KeyCorp dropped their price target on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, Truist Financial reduced their price objective on Dine Brands Global from $37.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, March 6th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $29.00.

Dine Brands Global 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.