Dine Brands Global, Inc. (NYSE:DIN) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its stake in shares of Dine Brands Global, Inc. (NYSE:DIN) by 2.2% in the 4th quarter, Holdings Channel reports. The fund owned 1,539,126 shares of the restaurant operator’s stock after selling 33,859 shares during the period. Alliancebernstein L.P. owned approximately 0.10% of Dine Brands Global worth $46,328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of DIN. Point72 DIFC Ltd purchased a new position in shares of Dine Brands Global during the 3rd quarter valued at approximately $29,000. Mountain Hill Investment Partners Corp. acquired a new stake in Dine Brands Global during the fourth quarter valued at $30,000. KLP Kapitalforvaltning AS purchased a new position in Dine Brands Global in the fourth quarter valued at $89,000. EMC Capital Management raised its position in shares of Dine Brands Global by 2,570.0% in the fourth quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator’s stock worth $88,000 after acquiring an additional 2,827 shares during the period. Finally, Quarry LP boosted its stake in shares of Dine Brands Global by 36.3% during the 3rd quarter. Quarry LP now owns 3,130 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 834 shares in the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on DIN. Barclays dropped their target price on Dine Brands Global from $32.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 6th. Truist Financial cut their price objective on Dine Brands Global from $37.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, March 6th. Sanford C. Bernstein set a $26.00 target price on Dine Brands Global in a research report on Thursday, March 6th. UBS Group cut their price target on shares of Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Finally, Wedbush reduced their price objective on shares of Dine Brands Global from $28.00 to $26.00 and set a “neutral” 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 issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $29.00.

Dine Brands Global Stock Performance

NYSE DIN opened at $20.99 on Friday. Dine Brands Global, Inc. has a one year low of $19.63 and a one year high of $46.26. The business has a fifty day moving average price of $26.14 and a 200 day moving average price of $29.50. The company has a market cap of $320.18 million, a P/E ratio of 3.49 and a beta of 1.85.

Dine Brands Global (NYSE:DIN) last posted its quarterly 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 business had revenue of $204.80 million during the quarter, compared to analysts’ expectations of $200.75 million. During the same period in the prior year, the business posted $1.40 earnings per share. The business’s quarterly revenue was down .7% on a year-over-year basis. As a group, sell-side analysts predict 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. Stockholders of record on Monday, March 17th were given a $0.51 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 9.72%. Dine Brands Global’s dividend payout ratio (DPR) is presently 48.46%.

Dine Brands Global Company 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.