South Dakota Investment Council Increases Stock Position in Dine Brands Global, Inc. (NYSE:DIN)

South Dakota Investment Council lifted its holdings in Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 6.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 175,763 shares of the restaurant operator's stock after purchasing an additional 10,324 shares during the period. South Dakota Investment Council owned about 1.15% of Dine Brands Global worth $5,290,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of DIN. Creative Planning lifted its position in Dine Brands Global by 162.8% during the third quarter. Creative Planning now owns 25,573 shares of the restaurant operator's stock valued at $799,000 after acquiring an additional 15,843 shares during the last quarter. Signaturefd LLC lifted its position in Dine Brands Global by 383.4% during the third quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator's stock valued at $93,000 after acquiring an additional 2,358 shares during the last quarter. Ballentine Partners LLC purchased a new stake in Dine Brands Global during the third quarter valued at approximately $421,000. Olympiad Research LP purchased a new stake in Dine Brands Global during the third quarter valued at approximately $407,000. Finally, Olstein Capital Management L.P. lifted its position in Dine Brands Global by 25.1% during the third quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator's stock valued at $9,438,000 after acquiring an additional 60,605 shares during the last quarter. Hedge funds and other institutional investors own 92.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DIN. CL King lowered shares of Dine Brands Global from a "buy" rating to a "neutral" rating in a research note on Monday, November 4th. Wedbush restated an "outperform" rating and set a $47.00 price target on shares of Dine Brands Global in a research note on Friday, November 15th. KeyCorp cut their price target on shares of Dine Brands Global from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Barclays restated an "equal weight" rating and set a $32.00 price target (down previously from $43.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. Finally, UBS Group restated a "neutral" rating and set a $32.00 price target (down previously from $44.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $41.29.

Dine Brands Global Stock Up 1.0 %

Shares of NYSE:DIN traded up $0.24 during midday trading on Thursday, reaching $25.79. The company's stock had a trading volume of 389,329 shares, compared to its average volume of 585,427. The firm has a market capitalization of $393.26 million, a PE ratio of 4.29 and a beta of 1.75. Dine Brands Global, Inc. has a twelve month low of $25.06 and a twelve month high of $51.35. The stock has a fifty day moving average of $28.54 and a 200 day moving average of $30.74.

Dine Brands Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 7.91%. The ex-dividend date is Monday, March 17th. Dine Brands Global's dividend payout ratio (DPR) is presently 33.94%.

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.