Dine Brands Global, Inc. (NYSE:DIN) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its position in Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 601,470 shares of the restaurant operator's stock after buying an additional 74,387 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 3.94% of Dine Brands Global worth $18,104,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DIN. Cibc World Market Inc. lifted its stake in Dine Brands Global by 640.6% during the fourth quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator's stock worth $14,905,000 after purchasing an additional 428,319 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Dine Brands Global by 1.0% during the third quarter. Geode Capital Management LLC now owns 349,949 shares of the restaurant operator's stock valued at $10,932,000 after purchasing an additional 3,584 shares during the period. Olstein Capital Management L.P. grew its holdings in Dine Brands Global by 4.6% in the 4th quarter. Olstein Capital Management L.P. now owns 316,158 shares of the restaurant operator's stock worth $9,516,000 after acquiring an additional 13,953 shares during the last quarter. Jane Street Group LLC increased its holdings in Dine Brands Global by 229.1% during the 3rd quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator's stock valued at $7,799,000 after purchasing an additional 173,831 shares during the period. Finally, Weiss Asset Management LP purchased a new position in shares of Dine Brands Global during the third quarter valued at approximately $6,102,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. KeyCorp dropped their price target on Dine Brands Global from $36.00 to $35.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Wedbush dropped their target price 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. Sanford C. Bernstein set a $26.00 price target on shares of Dine Brands Global in a report on Thursday, March 6th. Truist Financial cut their price objective on 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 dropped 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 research note on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $29.00.

Dine Brands Global Trading Up 11.9 %

Shares of NYSE:DIN traded up $2.24 during trading on Wednesday, reaching $21.01. The stock had a trading volume of 1,114,639 shares, compared to its average volume of 564,882. The company has a market capitalization of $328.51 million, a P/E ratio of 3.50 and a beta of 1.44. The firm's 50-day simple moving average is $25.03 and its 200 day simple moving average is $29.14. Dine Brands Global, Inc. has a one year low of $18.63 and a one year high of $46.26.

Dine Brands Global (NYSE:DIN - Get Free Report) last released 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 negative return on equity of 37.75% and a net margin of 11.31%. The company had revenue of $204.80 million for the quarter, compared to analysts' expectations of $200.75 million. During the same period in the prior year, the firm posted $1.40 EPS. The firm's revenue for the quarter was down .7% on a year-over-year basis. Equities research analysts forecast that Dine Brands Global, Inc. will post 5.84 earnings per share 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. Shareholders of record on Monday, March 17th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.04 dividend on an annualized basis and a yield of 9.71%. Dine Brands Global's dividend payout ratio is currently 48.46%.

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.