Factorial Partners LLC Sells 5,500 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Factorial Partners LLC cut its stake in Dine Brands Global, Inc. (NYSE:DIN) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,316 shares of the restaurant operator’s stock after selling 5,500 shares during the quarter. Dine Brands Global comprises approximately 1.7% of Factorial Partners LLC’s holdings, making the stock its 25th largest holding. Factorial Partners LLC’s holdings in Dine Brands Global were worth $2,989,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of DIN. Cibc World Market Inc. raised its stake in shares of Dine Brands Global by 640.6% in the fourth quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator’s stock valued at $14,905,000 after acquiring an additional 428,319 shares during the period. Geode Capital Management LLC raised its position in Dine Brands Global by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 349,949 shares of the restaurant operator’s stock worth $10,932,000 after purchasing an additional 3,584 shares during the period. Olstein Capital Management L.P. lifted its stake in Dine Brands Global by 4.6% in the fourth quarter. Olstein Capital Management L.P. now owns 316,158 shares of the restaurant operator’s stock worth $9,516,000 after purchasing an additional 13,953 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Dine Brands Global by 229.1% during the third quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator’s stock valued at $7,799,000 after buying an additional 173,831 shares during the period. Finally, Weiss Asset Management LP bought a new position in shares of Dine Brands Global during the third quarter valued at approximately $6,102,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. UBS Group reissued a “neutral” rating and set a $32.00 price target (down from $44.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. Barclays reiterated an “equal weight” rating and set a $32.00 target price (down from $43.00) on shares of Dine Brands Global in a research report on Tuesday, January 7th. Wedbush restated a “neutral” rating and issued a $28.00 price target (down from $47.00) on shares of Dine Brands Global in a report on Friday. KeyCorp decreased their price objective on shares of Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Piper Sandler dropped their target price on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $38.57.

Dine Brands Global Stock Performance

NYSE:DIN opened at $25.09 on Friday. The firm has a 50-day simple moving average of $28.35 and a 200-day simple moving average of $30.67. Dine Brands Global, Inc. has a one year low of $24.71 and a one year high of $51.35. The firm has a market cap of $382.52 million, a P/E ratio of 4.17 and a beta of 1.75.

Dine Brands Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.04 dividend on an annualized basis and a yield of 8.13%. Dine Brands Global’s dividend payout ratio is currently 33.94%.

About Dine Brands Global

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.