14,836 Shares in Dine Brands Global, Inc. (NYSE:DIN) Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new position in Dine Brands Global, Inc. (NYSE:DIN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,836 shares of the restaurant operator's stock, valued at approximately $447,000. Wealthfront Advisers LLC owned about 0.10% of Dine Brands Global at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Point72 DIFC Ltd bought a new position in shares of Dine Brands Global in the third quarter worth about $29,000. EMC Capital Management raised its stake in shares of Dine Brands Global by 2,570.0% during the fourth 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 during the last quarter. Quarry LP raised its stake in shares of Dine Brands Global by 36.3% during the third quarter. Quarry LP now owns 3,130 shares of the restaurant operator's stock worth $98,000 after buying an additional 834 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of Dine Brands Global during the third quarter worth approximately $219,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Dine Brands Global during the third quarter worth approximately $225,000. 92.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

DIN has been the subject of a number of recent research reports. Barclays dropped their price target on shares of Dine Brands Global from $32.00 to $26.00 and set an "equal weight" rating for the company in a research note on Thursday, March 6th. Sanford C. Bernstein set a $26.00 price target on shares of Dine Brands Global in a research note on Thursday, March 6th. Wedbush dropped their price target on shares of Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. 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, Truist Financial decreased their price objective 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. 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, Dine Brands Global presently has an average rating of "Hold" and a consensus target price of $29.00.

Remove Ads

Dine Brands Global Price Performance

Shares of Dine Brands Global stock traded up $0.28 on Thursday, hitting $25.29. The company had a trading volume of 398,751 shares, compared to its average volume of 520,193. The firm has a market capitalization of $385.73 million, a P/E ratio of 4.21 and a beta of 1.85. Dine Brands Global, Inc. has a twelve month low of $22.36 and a twelve month high of $47.52. The stock has a 50-day moving average of $27.14 and a 200-day moving average of $30.03.

Dine Brands Global (NYSE:DIN - Get Free Report) last released 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). The company had revenue of $204.80 million during the quarter, compared to analyst estimates of $200.75 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The firm's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company earned $1.40 EPS. Equities analysts predict that Dine Brands Global, Inc. will post 5.84 EPS for the current year.

Dine Brands Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 8.07%. The ex-dividend date of this dividend is Monday, March 17th. 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.