Trexquant Investment LP Takes Position in Dine Brands Global, Inc. (NYSE:DIN)

Trexquant Investment LP purchased a new position in Dine Brands Global, Inc. (NYSE:DIN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 92,344 shares of the restaurant operator's stock, valued at approximately $2,780,000. Trexquant Investment LP owned about 0.61% of Dine Brands Global at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Point72 DIFC Ltd bought a new position in Dine Brands Global in the third quarter worth approximately $29,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Dine Brands Global during the 4th quarter worth $30,000. KLP Kapitalforvaltning AS purchased a new position in shares of Dine Brands Global during the fourth quarter valued at $89,000. EMC Capital Management raised its holdings 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 valued at $88,000 after acquiring an additional 2,827 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its stake in Dine Brands Global by 31.8% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 9,431 shares of the restaurant operator's stock worth $284,000 after acquiring an additional 2,278 shares during the period. 92.83% of the stock is owned by hedge funds and other institutional investors.

Dine Brands Global Trading Down 3.2 %

NYSE DIN traded down $0.64 on Friday, hitting $19.68. 556,630 shares of the company's stock traded hands, compared to its average volume of 567,677. The firm's 50-day moving average price is $24.63 and its two-hundred day moving average price is $29.00. Dine Brands Global, Inc. has a 1-year low of $18.63 and a 1-year high of $46.26. The firm has a market capitalization of $307.67 million, a PE ratio of 3.27 and a beta of 1.44.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $200.75 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. Dine Brands Global's revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the business posted $1.40 earnings per share. On average, research analysts anticipate that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 10.37%. The ex-dividend date was Monday, March 17th. Dine Brands Global's dividend payout ratio (DPR) is presently 48.46%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DIN. Barclays cut their target price on shares of 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. Sanford C. Bernstein set a $26.00 price objective on shares of Dine Brands Global in a report on Thursday, March 6th. Wedbush lowered their target price 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. UBS Group cut their price target on Dine Brands Global from $32.00 to $25.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Finally, Truist Financial decreased their price objective on Dine Brands Global from $37.00 to $27.00 and set a "hold" rating for the company in a research note on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Dine Brands Global has an average rating of "Hold" and a consensus target price of $29.00.

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.