Landscape Capital Management L.L.C. Acquires New Position in Dine Brands Global, Inc. (NYSE:DIN)

Landscape Capital Management L.L.C. bought a new position in Dine Brands Global, Inc. (NYSE:DIN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 16,548 shares of the restaurant operator’s stock, valued at approximately $498,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Point72 DIFC Ltd purchased a new stake in shares of Dine Brands Global in the third quarter valued at approximately $29,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Dine Brands Global in the 4th quarter worth $30,000. EMC Capital Management grew its position 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 worth $88,000 after buying an additional 2,827 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Dine Brands Global during the fourth quarter valued at $89,000. Finally, Quarry LP raised its holdings in shares of Dine Brands Global by 36.3% in the third quarter. Quarry LP now owns 3,130 shares of the restaurant operator’s stock valued at $98,000 after acquiring an additional 834 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DIN has been the topic of several recent research reports. Sanford C. Bernstein set a $26.00 target price on shares of Dine Brands Global in a report on Thursday, March 6th. KeyCorp reduced their price target on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. UBS Group lowered their price objective on Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Truist Financial cut their target price on shares of Dine Brands Global from $37.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, March 6th. Finally, Barclays lowered their price target on shares of Dine Brands Global from $32.00 to $26.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $29.00.

Dine Brands Global Trading Down 3.4 %

DIN stock opened at $20.99 on Monday. Dine Brands Global, Inc. has a 12-month low of $19.63 and a 12-month high of $46.26. The business’s 50-day moving average is $26.14 and its 200 day moving average is $29.49. The stock has a market cap of $328.20 million, a price-to-earnings ratio of 3.49 and a beta of 1.44.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.48). The firm had revenue of $204.80 million for the quarter, compared to analysts’ expectations of $200.75 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.40 earnings per share. As a group, equities analysts forecast that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

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