Arrowstreet Capital Limited Partnership Increases Stock Position in Dine Brands Global, Inc. (NYSE:DIN)

Arrowstreet Capital Limited Partnership increased its stake in shares of Dine Brands Global, Inc. (NYSE:DIN) by 14.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 601,470 shares of the restaurant operator’s stock after purchasing an additional 74,387 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Dine Brands Global were worth $18,104,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new stake in Dine Brands Global during the third quarter valued at $29,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Dine Brands Global during the 4th quarter valued at about $30,000. EMC Capital Management grew its stake in shares of Dine Brands Global by 2,570.0% during the 4th quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator’s stock valued at $88,000 after purchasing an additional 2,827 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Dine Brands Global during the 4th quarter valued at about $89,000. Finally, Quarry LP lifted its stake in shares of Dine Brands Global by 36.3% in the 3rd quarter. Quarry LP now owns 3,130 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 834 shares during the period. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. UBS Group cut their target price on shares of Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Sanford C. Bernstein set a $26.00 price objective on Dine Brands Global in a research note on Thursday, March 6th. Truist Financial decreased their target price on Dine Brands Global from $37.00 to $27.00 and set a “hold” rating on the stock in a report on Thursday, March 6th. Wedbush cut their price target on Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Finally, Barclays decreased their price objective on Dine Brands Global from $32.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 6th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $29.00.

Dine Brands Global Stock Down 3.4 %

NYSE DIN opened at $20.99 on Friday. Dine Brands Global, Inc. has a twelve month low of $19.63 and a twelve month high of $46.26. The business has a 50-day moving average price of $26.14 and a 200-day moving average price of $29.50. The firm has a market cap of $320.18 million, a price-to-earnings ratio of 3.49 and a beta of 1.85.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data 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 net margin of 11.31% and a negative return on equity of 37.75%. The company had revenue of $204.80 million for the quarter, compared to analysts’ expectations of $200.75 million. During the same period last year, the business earned $1.40 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. Research analysts expect that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 9.72%. The ex-dividend date was Monday, March 17th. Dine Brands Global’s payout ratio is currently 48.46%.

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.