Quantbot Technologies LP Sells 7,746 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Quantbot Technologies LP decreased its position in shares of Dine Brands Global, Inc. (NYSE:DIN) by 25.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 22,370 shares of the restaurant operator’s stock after selling 7,746 shares during the quarter. Quantbot Technologies LP’s holdings in Dine Brands Global were worth $673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cibc World Market Inc. boosted 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 buying an additional 428,319 shares during the period. Geode Capital Management LLC lifted its position in shares of Dine Brands Global by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 349,949 shares of the restaurant operator’s stock valued at $10,932,000 after acquiring an additional 3,584 shares during the period. Olstein Capital Management L.P. grew its holdings in shares of Dine Brands Global by 4.6% during the 4th 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 in the last quarter. Jane Street Group LLC increased its position in shares of 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 worth $7,799,000 after purchasing an additional 173,831 shares during the period. Finally, Weiss Asset Management LP acquired a new position in Dine Brands Global in the third quarter valued at about $6,102,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Stock Performance

Shares of NYSE:DIN opened at $24.82 on Friday. Dine Brands Global, Inc. has a 52-week low of $22.36 and a 52-week high of $47.25. The company has a market capitalization of $378.54 million, a PE ratio of 4.13 and a beta of 1.85. The company has a fifty day moving average of $26.88 and a 200-day moving average of $29.77.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $200.75 million. During the same period in the previous year, the company earned $1.40 EPS. Dine Brands Global’s revenue for the quarter was down .7% on a year-over-year basis. On average, equities analysts forecast that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be given a dividend of $0.51 per share. The ex-dividend date is Monday, March 17th. This represents a $2.04 annualized dividend and a yield of 8.22%. Dine Brands Global’s dividend payout ratio is presently 48.46%.

Wall Street Analyst Weigh In

Several equities analysts have commented on DIN shares. Sanford C. Bernstein set a $26.00 target price on shares of Dine Brands Global in a report on Thursday, March 6th. UBS Group decreased their price objective on shares of Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. KeyCorp cut their target price on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Wedbush decreased their price target on Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Finally, Barclays dropped their price objective on Dine Brands Global from $32.00 to $26.00 and set an “equal weight” rating for the company in a research report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Dine Brands Global currently has an average rating of “Hold” and an average price target of $29.00.

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.