JPMorgan Chase & Co. Has $2.98 Million Stock Position in Dine Brands Global, Inc. (NYSE:DIN)

JPMorgan Chase & Co. increased its stake in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 164.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,399 shares of the restaurant operator's stock after acquiring an additional 59,360 shares during the quarter. JPMorgan Chase & Co. owned about 0.63% of Dine Brands Global worth $2,979,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of DIN. Weiss Asset Management LP bought a new position in shares of Dine Brands Global during the 3rd quarter worth about $6,102,000. Jane Street Group LLC grew its position in Dine Brands Global by 229.1% during the third quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator's stock worth $7,799,000 after buying an additional 173,831 shares in the last quarter. AQR Capital Management LLC increased its stake in Dine Brands Global by 173.6% during the second quarter. AQR Capital Management LLC now owns 140,501 shares of the restaurant operator's stock valued at $5,086,000 after acquiring an additional 89,152 shares during the period. Clearline Capital LP raised its holdings in Dine Brands Global by 225.0% in the 2nd quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator's stock valued at $4,510,000 after acquiring an additional 86,241 shares in the last quarter. Finally, Factorial Partners LLC lifted its position 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 acquiring an additional 71,816 shares during the period. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Dine Brands Global Stock Up 0.0 %

NYSE:DIN traded up $0.01 on Monday, reaching $26.70. The stock had a trading volume of 750,090 shares, compared to its average volume of 495,237. The stock has a fifty day moving average price of $31.36 and a 200-day moving average price of $31.78. The company has a market capitalization of $407.18 million, a P/E ratio of 4.44 and a beta of 1.75. Dine Brands Global, Inc. has a 1-year low of $25.68 and a 1-year high of $51.35.

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

Dine Brands Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 20th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 7.64%. The ex-dividend date of this dividend was Friday, December 20th. Dine Brands Global's dividend payout ratio is currently 33.94%.

Wall Street Analyst Weigh In

DIN has been the topic of a number of research reports. KeyCorp lowered their price objective on Dine Brands Global from $37.00 to $36.00 and set an "overweight" rating on the stock in a research report on Friday, October 18th. Barclays restated an "equal weight" rating and issued a $32.00 price objective (down previously from $43.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. Truist Financial reaffirmed a "hold" rating and set a $37.00 price objective (down from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. UBS Group reissued a "neutral" rating and issued a $32.00 target price (down previously from $44.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. Finally, Benchmark restated a "hold" rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $41.43.

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.