Alliancebernstein L.P. Sells 33,859 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Alliancebernstein L.P. trimmed its position in Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,539,126 shares of the restaurant operator's stock after selling 33,859 shares during the quarter. Alliancebernstein L.P. owned approximately 10.09% of Dine Brands Global worth $46,328,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Point72 DIFC Ltd purchased a new stake in Dine Brands Global in the 3rd quarter worth approximately $29,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Dine Brands Global in the fourth quarter worth $30,000. 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 buying an additional 2,827 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Dine Brands Global during the fourth quarter valued at $89,000. Finally, Quarry LP grew its position in 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 in the last quarter. 92.83% of the stock is currently owned by institutional investors.

Dine Brands Global Price Performance

NYSE DIN traded down $0.77 during trading on Thursday, hitting $20.28. 175,100 shares of the company's stock traded hands, compared to its average volume of 563,396. The stock has a fifty day moving average of $25.03 and a two-hundred day moving average of $29.14. Dine Brands Global, Inc. has a 12-month low of $18.63 and a 12-month high of $46.26. The firm has a market cap of $317.13 million, a P/E ratio of 3.38 and a beta of 1.44.

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). Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The company had revenue of $204.80 million for the quarter, compared to analysts' expectations of $200.75 million. During the same quarter in the prior year, the company earned $1.40 earnings per share. The company's revenue was down .7% compared to the same quarter last year. As a group, analysts expect 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 announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 10.06%. The ex-dividend date was Monday, March 17th. Dine Brands Global's payout ratio is 48.46%.

Analyst Upgrades and Downgrades

DIN has been the subject of several recent analyst reports. Sanford C. Bernstein set a $26.00 price objective on Dine Brands Global in a report on Thursday, March 6th. Wedbush decreased 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 report on Thursday, March 6th. Truist Financial lowered their price objective on shares of Dine Brands Global from $37.00 to $27.00 and set a "hold" rating on the stock in a research report on Thursday, March 6th. KeyCorp cut 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 research report on Friday, January 31st. Finally, UBS Group lowered their price target 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. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $29.00.

About Dine Brands Global

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.