Jane Street Group LLC Increases Position in Dine Brands Global, Inc. (NYSE:DIN)

Jane Street Group LLC raised its position in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 229.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,713 shares of the restaurant operator's stock after acquiring an additional 173,831 shares during the period. Jane Street Group LLC owned approximately 1.64% of Dine Brands Global worth $7,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Verition Fund Management LLC bought a new stake in Dine Brands Global during the third quarter worth approximately $765,000. Factorial Partners LLC boosted its holdings in shares of Dine Brands Global by 217.6% in the 3rd quarter. Factorial Partners LLC now owns 104,816 shares of the restaurant operator's stock worth $3,273,000 after purchasing an additional 71,816 shares during the period. Clearline Capital LP increased its position in shares of Dine Brands Global by 225.0% during the 2nd quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator's stock valued at $4,510,000 after purchasing an additional 86,241 shares during the last quarter. Olstein Capital Management L.P. raised its holdings in Dine Brands Global by 25.1% during the 3rd quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator's stock valued at $9,438,000 after buying an additional 60,605 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its position in Dine Brands Global by 19.8% in the second quarter. Cubist Systematic Strategies LLC now owns 148,286 shares of the restaurant operator's stock worth $5,368,000 after buying an additional 24,556 shares during the last quarter. 92.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on DIN shares. Wedbush reiterated an "outperform" rating and set a $47.00 price objective on shares of Dine Brands Global in a research report on Friday, November 15th. Truist Financial reiterated a "hold" rating and set a $37.00 price target (down from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. Benchmark reissued a "hold" rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. KeyCorp cut their target price on Dine Brands Global from $37.00 to $36.00 and set an "overweight" rating on the stock in a research note on Friday, October 18th. Finally, Barclays raised their price target on Dine Brands Global from $38.00 to $43.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $44.71.

Dine Brands Global Trading Down 1.4 %

Shares of NYSE DIN traded down $0.44 during trading hours on Friday, reaching $31.16. The stock had a trading volume of 436,146 shares, compared to its average volume of 438,699. Dine Brands Global, Inc. has a 52-week low of $28.25 and a 52-week high of $52.05. The firm has a market cap of $475.19 million, a price-to-earnings ratio of 5.18 and a beta of 1.73. The business's fifty day moving average price is $32.53 and its two-hundred day moving average price is $33.34.

Dine Brands Global (NYSE:DIN - Get Free Report) last issued its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.10. The business 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 business'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. Equities research analysts anticipate that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 6.55%. The ex-dividend date is Friday, December 20th. Dine Brands Global's dividend payout ratio (DPR) is 33.94%.

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.