Aigen Investment Management LP lessened its holdings in Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 54.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,468 shares of the restaurant operator's stock after selling 11,219 shares during the period. Aigen Investment Management LP owned approximately 0.06% of Dine Brands Global worth $285,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of DIN. Point72 DIFC Ltd purchased a new stake in Dine Brands Global in the third quarter valued at approximately $29,000. EMC Capital Management increased its holdings in 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 purchasing an additional 2,827 shares during the period. Quarry LP boosted 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 valued at $98,000 after buying an additional 834 shares during the period. Capstone Investment Advisors LLC acquired a new stake in Dine Brands Global in the third quarter valued at approximately $219,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Dine Brands Global during the 3rd quarter worth $225,000. Institutional investors and hedge funds own 92.83% of the company's stock.
Dine Brands Global Stock Performance
NYSE DIN traded up $0.52 during trading hours on Wednesday, hitting $26.30. 534,445 shares of the company's stock were exchanged, compared to its average volume of 512,978. The firm has a market capitalization of $401.18 million, a P/E ratio of 4.38 and a beta of 1.86. Dine Brands Global, Inc. has a 12-month low of $22.36 and a 12-month high of $49.28. The business's 50 day moving average is $27.65 and its 200-day moving average is $30.30.
Dine Brands Global (NYSE:DIN - Get Free Report) last issued its 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 firm had revenue of $204.80 million during 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 company's quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the business posted $1.40 earnings per share. As a group, equities research analysts anticipate that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.
Dine Brands Global Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.04 annualized dividend and a dividend yield of 7.76%. Dine Brands Global's payout ratio is currently 48.46%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on DIN shares. KeyCorp lowered their target price 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. Sanford C. Bernstein set a $26.00 target price on shares of Dine Brands Global in a report on Thursday, March 6th. Wedbush lowered their price target on shares of Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Piper Sandler decreased their price target on Dine Brands Global from $40.00 to $38.00 and set a "neutral" rating on the stock in a research note on Monday, November 18th. Finally, UBS Group decreased their price objective on shares of 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. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $29.00.
Check Out Our Latest Analysis on Dine Brands Global
About Dine Brands Global
(
Free Report)
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.
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