Landscape Capital Management L.L.C. Takes $498,000 Position in Dine Brands Global, Inc. (NYSE:DIN)

Landscape Capital Management L.L.C. acquired a new stake in Dine Brands Global, Inc. (NYSE:DIN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,548 shares of the restaurant operator's stock, valued at approximately $498,000. Landscape Capital Management L.L.C. owned 0.11% of Dine Brands Global at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rhumbline Advisers lifted its position in Dine Brands Global by 1.5% during the 4th quarter. Rhumbline Advisers now owns 24,006 shares of the restaurant operator's stock worth $723,000 after acquiring an additional 362 shares in the last quarter. Quadrature Capital Ltd lifted its position in shares of Dine Brands Global by 6.4% during the third quarter. Quadrature Capital Ltd now owns 13,042 shares of the restaurant operator's stock worth $408,000 after purchasing an additional 786 shares in the last quarter. Quarry LP boosted its stake in shares of Dine Brands Global by 36.3% in the third quarter. Quarry LP now owns 3,130 shares of the restaurant operator's stock valued at $98,000 after purchasing an additional 834 shares during the period. Point72 DIFC Ltd acquired a new position in Dine Brands Global in the 3rd quarter worth $29,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in Dine Brands Global in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 92.83% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DIN. Wedbush reduced their price target on Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Barclays decreased their price target on shares of Dine Brands Global from $32.00 to $26.00 and set an "equal weight" rating for the company in a research report on Thursday, March 6th. KeyCorp reduced their target price on Dine Brands Global from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Sanford C. Bernstein set a $26.00 price target on Dine Brands Global in a report on Thursday, March 6th. Finally, Truist Financial decreased their price objective on shares of Dine Brands Global from $37.00 to $27.00 and set a "hold" rating for the company in a report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $29.00.

Dine Brands Global Price Performance

Shares of DIN traded down $1.08 during mid-day trading on Friday, hitting $19.24. The company's stock had a trading volume of 115,180 shares, compared to its average volume of 564,763. The firm has a 50-day moving average price of $24.83 and a 200 day moving average price of $29.07. Dine Brands Global, Inc. has a fifty-two week low of $18.63 and a fifty-two week high of $46.26. The stock has a market capitalization of $300.90 million, a price-to-earnings ratio of 3.21 and a beta of 1.44.

Dine Brands Global (NYSE:DIN - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.48). Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The business had revenue of $204.80 million during the quarter, compared to analyst estimates of $200.75 million. During the same quarter last year, the firm posted $1.40 EPS. The company's quarterly revenue was down .7% compared to the same quarter last year. As a group, equities analysts anticipate that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The business also recently declared 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 10.60%. 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.