Dine Brands Global, Inc. (NYSE:DIN) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its stake in Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,633 shares of the restaurant operator's stock after acquiring an additional 10,248 shares during the period. Bank of New York Mellon Corp owned approximately 1.12% of Dine Brands Global worth $5,136,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. bought a new position in Dine Brands Global in the third quarter worth approximately $225,000. Quest Partners LLC increased its stake in shares of Dine Brands Global by 965.3% in the third quarter. Quest Partners LLC now owns 16,565 shares of the restaurant operator's stock worth $517,000 after purchasing an additional 15,010 shares in the last quarter. LMR Partners LLP bought a new stake in Dine Brands Global during the third quarter valued at about $239,000. Factorial Partners LLC lifted its holdings in Dine Brands Global by 217.6% in the 3rd quarter. Factorial Partners LLC now owns 104,816 shares of the restaurant operator's stock worth $3,273,000 after purchasing an additional 71,816 shares in the last quarter. Finally, DRW Securities LLC bought a new position in Dine Brands Global in the 3rd quarter worth approximately $403,000. 92.83% of the stock is currently owned by institutional investors.

Dine Brands Global Stock Down 3.3 %

Shares of DIN traded down $0.84 during midday trading on Friday, reaching $24.45. The company had a trading volume of 396,781 shares, compared to its average volume of 521,470. Dine Brands Global, Inc. has a 1-year low of $22.36 and a 1-year high of $47.25. The firm has a 50 day simple moving average of $27.10 and a 200-day simple moving average of $29.99. The stock has a market cap of $372.95 million, a PE ratio of 4.07 and a beta of 1.85.

Remove Ads

Dine Brands Global (NYSE:DIN - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 EPS 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 business had revenue of $204.80 million during the quarter, compared to analyst estimates of $200.75 million. During the same period last year, the company earned $1.40 EPS. The business's revenue for the quarter was down .7% on a year-over-year basis. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.34%. The ex-dividend date is Monday, March 17th. Dine Brands Global's dividend payout ratio (DPR) is currently 48.46%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DIN. Wedbush reduced their price objective on 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. Truist Financial reduced their price objective on Dine Brands Global from $37.00 to $27.00 and set a "hold" rating on the stock in a report on Thursday, March 6th. Sanford C. Bernstein set a $26.00 price objective on shares of Dine Brands Global in a research note on Thursday, March 6th. UBS Group dropped their price objective 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. Finally, KeyCorp reduced 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. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently 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.