Jump Financial LLC Sells 34,585 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Jump Financial LLC decreased its position in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 39.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,052 shares of the restaurant operator's stock after selling 34,585 shares during the quarter. Jump Financial LLC owned about 0.35% of Dine Brands Global worth $1,597,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DIN. Mountain Hill Investment Partners Corp. bought a new position in shares of Dine Brands Global in the 4th quarter worth about $30,000. KLP Kapitalforvaltning AS acquired a new position in Dine Brands Global in the fourth quarter valued at approximately $89,000. EMC Capital Management boosted its holdings in shares of Dine Brands Global by 2,570.0% during the 4th quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator's stock worth $88,000 after buying an additional 2,827 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Dine Brands Global by 6.3% during the 4th quarter. Russell Investments Group Ltd. now owns 7,032 shares of the restaurant operator's stock worth $212,000 after buying an additional 414 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its position in shares of Dine Brands Global by 31.8% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 9,431 shares of the restaurant operator's stock worth $284,000 after buying an additional 2,278 shares during the period. Institutional investors and hedge funds own 92.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DIN. UBS Group decreased their target price on Dine Brands Global from $32.00 to $25.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Sanford C. Bernstein set a $26.00 target price on Dine Brands Global in a research report on Thursday, March 6th. Wedbush cut their target price on Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Truist Financial decreased their price target on shares of Dine Brands Global from $37.00 to $27.00 and set a "hold" rating for the company in a research note on Thursday, March 6th. Finally, Barclays dropped their price objective on shares of Dine Brands Global from $26.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $28.29.

Dine Brands Global Price Performance

Shares of Dine Brands Global stock traded up $0.14 during trading hours on Wednesday, hitting $21.03. 714,229 shares of the company's stock traded hands, compared to its average volume of 572,913. The stock has a market capitalization of $328.83 million, a price-to-earnings ratio of 3.50 and a beta of 1.44. Dine Brands Global, Inc. has a 12-month low of $18.63 and a 12-month high of $46.26. The company has a fifty day simple moving average of $23.59 and a 200-day simple moving average of $28.38.

Dine Brands Global (NYSE:DIN - Get Free Report) last issued its earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $1.35 by ($0.48). The business had revenue of $204.80 million for the quarter, compared to the consensus estimate of $200.75 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. Dine Brands Global's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.40 EPS. On average, 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 disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were given a $0.51 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 9.70%. Dine Brands Global's dividend payout ratio (DPR) is presently 48.46%.

Dine Brands Global 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.