Cibc World Market Inc. Increases Stake in Dine Brands Global, Inc. (NYSE:DIN)

Cibc World Market Inc. raised its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 640.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 495,176 shares of the restaurant operator's stock after purchasing an additional 428,319 shares during the quarter. Cibc World Market Inc. owned approximately 3.25% of Dine Brands Global worth $14,905,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Quadrature Capital Ltd boosted its holdings in Dine Brands Global by 6.4% in the 3rd quarter. Quadrature Capital Ltd now owns 13,042 shares of the restaurant operator's stock worth $408,000 after buying an additional 786 shares during the period. Quarry LP boosted its holdings in shares of Dine Brands Global by 36.3% in the third quarter. Quarry LP now owns 3,130 shares of the restaurant operator's stock worth $98,000 after acquiring an additional 834 shares during the period. Point72 DIFC Ltd purchased a new position in shares of Dine Brands Global in the third quarter valued at $29,000. SG Americas Securities LLC raised its stake in shares of Dine Brands Global by 56.9% during the 3rd quarter. SG Americas Securities LLC now owns 4,819 shares of the restaurant operator's stock valued at $150,000 after purchasing an additional 1,748 shares during the period. Finally, Signaturefd LLC lifted its holdings in Dine Brands Global by 383.4% during the 3rd quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator's stock worth $93,000 after purchasing an additional 2,358 shares in the last quarter. Hedge funds and other institutional investors own 92.83% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on DIN. Truist Financial restated a "hold" rating and issued a $37.00 target price (down previously from $66.00) on shares of Dine Brands Global in a research note on Friday, October 4th. UBS Group reaffirmed a "neutral" rating and set a $32.00 target price (down previously from $44.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. Piper Sandler cut their price target on shares of Dine Brands Global from $40.00 to $38.00 and set a "neutral" rating for the company in a report on Monday, November 18th. Benchmark reaffirmed a "hold" rating on shares of Dine Brands Global in a report on Tuesday, October 29th. Finally, KeyCorp dropped their price objective on Dine Brands Global from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Friday. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Dine Brands Global presently has a consensus rating of "Hold" and an average target price of $41.29.

Dine Brands Global Stock Performance

NYSE DIN opened at $30.37 on Friday. The company has a market capitalization of $463.14 million, a P/E ratio of 5.05 and a beta of 1.75. Dine Brands Global, Inc. has a 52-week low of $25.68 and a 52-week high of $51.35. The company has a fifty day moving average of $30.66 and a 200-day moving average of $31.60.

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

Dine Brands Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 6.72%. The ex-dividend date of this dividend was Friday, December 20th. Dine Brands Global's dividend payout ratio (DPR) is presently 33.94%.

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.

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