Barclays PLC Raises Holdings in Dine Brands Global, Inc. (NYSE:DIN)

Barclays PLC raised its stake in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 135.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 35,946 shares of the restaurant operator's stock after buying an additional 20,673 shares during the period. Barclays PLC owned about 0.24% of Dine Brands Global worth $1,123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Geode Capital Management LLC increased its stake in shares of Dine Brands Global by 1.0% in the 3rd 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 in the last quarter. Olstein Capital Management L.P. boosted its holdings in Dine Brands Global by 25.1% in the 3rd quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator's stock worth $9,438,000 after buying an additional 60,605 shares during the last quarter. Marshall Wace LLP boosted its holdings in Dine Brands Global by 3.2% in the 2nd quarter. Marshall Wace LLP now owns 278,087 shares of the restaurant operator's stock worth $10,067,000 after buying an additional 8,518 shares during the last quarter. Jane Street Group LLC boosted its holdings in Dine Brands Global by 229.1% in the 3rd quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator's stock worth $7,799,000 after buying an additional 173,831 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in Dine Brands Global in the 3rd quarter worth about $6,102,000. Hedge funds and other institutional investors own 92.83% of the company's stock.

Dine Brands Global Trading Down 0.8 %

NYSE:DIN traded down $0.20 during trading hours on Tuesday, hitting $26.05. The company's stock had a trading volume of 128,527 shares, compared to its average volume of 641,199. The stock has a market capitalization of $397.16 million, a P/E ratio of 4.33 and a beta of 1.75. The stock has a fifty day moving average of $31.95 and a 200-day moving average of $32.00. Dine Brands Global, Inc. has a 52-week low of $25.68 and a 52-week high of $51.35.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.10. The business had revenue of $195.00 million during the quarter, compared to the consensus estimate of $198.40 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The business's quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.46 earnings per share. On average, sell-side analysts forecast that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 20th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.04 annualized dividend and a yield of 7.83%. Dine Brands Global's dividend payout ratio is currently 33.94%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DIN shares. Truist Financial reiterated a "hold" rating and issued a $37.00 price objective (down from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. Barclays reiterated an "equal weight" rating and issued a $32.00 price objective (down from $43.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. StockNews.com cut Dine Brands Global from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. Benchmark restated a "hold" rating on shares of Dine Brands Global in a report on Tuesday, October 29th. Finally, UBS Group restated a "neutral" rating and set a $32.00 target price (down from $44.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $41.43.

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.