ExodusPoint Capital Management LP Decreases Stake in Dine Brands Global, Inc. (NYSE:DIN)

ExodusPoint Capital Management LP decreased its position in Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 34.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,385 shares of the restaurant operator's stock after selling 18,170 shares during the period. ExodusPoint Capital Management LP owned approximately 0.23% of Dine Brands Global worth $1,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in DIN. Trexquant Investment LP purchased a new stake in shares of Dine Brands Global in the fourth quarter worth about $2,780,000. Geode Capital Management LLC boosted its stake in shares of Dine Brands Global by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 353,558 shares of the restaurant operator's stock worth $10,644,000 after acquiring an additional 3,609 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Dine Brands Global by 14.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 601,470 shares of the restaurant operator's stock worth $18,104,000 after purchasing an additional 74,387 shares during the period. Prudential Financial Inc. purchased a new stake in shares of Dine Brands Global in the fourth quarter valued at approximately $967,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in Dine Brands Global in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 92.83% of the company's stock.

Analyst Ratings Changes

DIN has been the subject of several recent research reports. Wedbush reduced their price objective on Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating for the company in a research note 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 on the stock in a research note on Thursday, March 6th. UBS Group lowered their price target on shares of Dine Brands Global from $32.00 to $25.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. KeyCorp cut their price objective on shares of Dine Brands Global from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Finally, Sanford C. Bernstein set a $26.00 target price on Dine Brands Global in a report on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $29.00.

Dine Brands Global Stock Performance

Shares of DIN traded up $0.20 during midday trading on Wednesday, hitting $19.92. The company had a trading volume of 44,558 shares, compared to its average volume of 686,938. The company's 50-day simple moving average is $24.26 and its 200-day simple moving average is $28.84. Dine Brands Global, Inc. has a 1 year low of $18.63 and a 1 year high of $46.26. The firm has a market capitalization of $311.39 million, a P/E ratio of 3.31 and a beta of 1.44.

Dine Brands Global (NYSE:DIN - Get Free Report) last posted its earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.48). The business had revenue of $204.80 million for the quarter, compared to analysts' expectations 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 previous year, the firm earned $1.40 EPS. Equities analysts predict that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 10.24%. The ex-dividend date of this dividend was Monday, March 17th. Dine Brands Global's dividend payout ratio (DPR) is 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.