Charles Schwab Investment Management Inc. Cuts Position in Dine Brands Global, Inc. (NYSE:DIN)

Charles Schwab Investment Management Inc. decreased its stake in Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 11.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 155,423 shares of the restaurant operator's stock after selling 20,446 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.02% of Dine Brands Global worth $4,678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DIN. Cibc World Market Inc. increased its holdings in Dine Brands Global by 640.6% in the fourth quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator's stock valued at $14,905,000 after buying an additional 428,319 shares in the last quarter. Weiss Asset Management LP purchased a new position in shares of Dine Brands Global in the 3rd quarter valued at about $6,102,000. Jane Street Group LLC raised 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 purchasing an additional 173,831 shares during the period. JPMorgan Chase & Co. raised its holdings in Dine Brands Global by 164.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,399 shares of the restaurant operator's stock worth $2,979,000 after purchasing an additional 59,360 shares during the period. Finally, Stifel Financial Corp purchased a new position in Dine Brands Global during the third quarter worth approximately $786,000. 92.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Barclays reduced their target price on Dine Brands Global from $32.00 to $26.00 and set an "equal weight" rating for the company in a research note on Thursday, March 6th. Wedbush decreased their price objective 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. Sanford C. Bernstein set a $26.00 target price on shares of Dine Brands Global in a research note on Thursday, March 6th. Truist Financial lowered 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. Finally, KeyCorp reduced their target price on Dine Brands Global from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $29.00.

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Dine Brands Global Price Performance

Shares of NYSE:DIN traded down $1.35 during midday trading on Friday, hitting $23.52. The company had a trading volume of 649,550 shares, compared to its average volume of 538,656. The business's 50-day simple moving average is $26.82 and its 200-day simple moving average is $29.74. The stock has a market cap of $358.74 million, a price-to-earnings ratio of 3.91 and a beta of 1.85. Dine Brands Global, Inc. has a twelve month low of $22.36 and a twelve month high of $47.19.

Dine Brands Global (NYSE:DIN - Get Free Report) last posted 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 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 quarter in the prior year, the firm earned $1.40 EPS. The firm's revenue was down .7% on a year-over-year basis. As a group, sell-side analysts forecast that Dine Brands Global, Inc. will post 5.84 EPS for the current year.

Dine Brands Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be paid a $0.51 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.04 annualized dividend and a dividend yield of 8.67%. Dine Brands Global's dividend payout ratio (DPR) is 48.46%.

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.