Dine Brands Global, Inc. (NYSE:DIN) Shares Bought by Factorial Partners LLC

Factorial Partners LLC lifted its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN) by 217.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,816 shares of the restaurant operator’s stock after buying an additional 71,816 shares during the period. Dine Brands Global makes up about 1.9% of Factorial Partners LLC’s investment portfolio, making the stock its 23rd largest holding. Factorial Partners LLC owned about 0.69% of Dine Brands Global worth $3,273,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LSV Asset Management lifted its stake in shares of Dine Brands Global by 2.8% in the 2nd quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock worth $23,932,000 after acquiring an additional 18,200 shares during the period. Olstein Capital Management L.P. increased its position in shares of Dine Brands Global by 25.1% during the 3rd quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock valued at $9,438,000 after purchasing an additional 60,605 shares during the period. Marshall Wace LLP raised its stake in shares of Dine Brands Global by 3.2% in the 2nd quarter. Marshall Wace LLP now owns 278,087 shares of the restaurant operator’s stock worth $10,067,000 after buying an additional 8,518 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Dine Brands Global by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 233,464 shares of the restaurant operator’s stock valued at $8,451,000 after buying an additional 4,427 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its stake in Dine Brands Global by 19.8% during the second quarter. Cubist Systematic Strategies LLC now owns 148,286 shares of the restaurant operator’s stock valued at $5,368,000 after buying an additional 24,556 shares in the last quarter. 92.83% of the stock is owned by institutional investors.

Dine Brands Global Stock Down 4.5 %

DIN opened at $32.24 on Wednesday. Dine Brands Global, Inc. has a 12-month low of $28.25 and a 12-month high of $52.05. The firm has a market capitalization of $491.66 million, a P/E ratio of 5.36 and a beta of 1.71. The stock has a fifty day moving average of $31.59 and a 200-day moving average of $34.41.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $198.40 million. During the same period last year, the company posted $1.46 EPS. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, analysts expect that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 20th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date was Friday, September 20th. Dine Brands Global’s payout ratio is presently 33.94%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Piper Sandler dropped their price target on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday. StockNews.com lowered shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. UBS Group decreased their price target on shares of Dine Brands Global from $51.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. Finally, Truist Financial restated a “hold” rating and issued a $37.00 target price (down from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dine Brands Global currently has an average rating of “Hold” and a consensus price target of $44.71.

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.