Nisa Investment Advisors LLC Boosts Stake in Dine Brands Global, Inc. (NYSE:DIN)

Nisa Investment Advisors LLC increased its stake in Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 50.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,686 shares of the restaurant operator's stock after purchasing an additional 9,910 shares during the period. Nisa Investment Advisors LLC owned 0.19% of Dine Brands Global worth $909,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Nordea Investment Management AB grew its stake in Dine Brands Global by 4.1% during the 4th quarter. Nordea Investment Management AB now owns 160,378 shares of the restaurant operator's stock valued at $4,847,000 after purchasing an additional 6,324 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Dine Brands Global by 164.7% in the third quarter. JPMorgan Chase & Co. now owns 95,399 shares of the restaurant operator's stock valued at $2,979,000 after buying an additional 59,360 shares during the last quarter. Virtu Financial LLC acquired a new position in Dine Brands Global in the 3rd quarter worth approximately $686,000. Barclays PLC raised its position in Dine Brands Global by 135.4% during the 3rd quarter. Barclays PLC now owns 35,946 shares of the restaurant operator's stock worth $1,123,000 after buying an additional 20,673 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Dine Brands Global by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 349,949 shares of the restaurant operator's stock valued at $10,932,000 after acquiring an additional 3,584 shares during the period. Hedge funds and other institutional investors own 92.83% of the company's stock.

Dine Brands Global Stock Down 1.2 %

Shares of NYSE DIN traded down $0.38 during midday trading on Friday, hitting $30.35. The stock had a trading volume of 527,686 shares, compared to its average volume of 613,148. Dine Brands Global, Inc. has a 1 year low of $25.68 and a 1 year high of $51.35. The company has a market capitalization of $462.81 million, a PE ratio of 5.05 and a beta of 1.75. The stock has a 50 day simple moving average of $30.75 and a 200-day simple moving average of $31.63.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced its 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 company had revenue of $195.00 million for the quarter, compared to analysts' expectations 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 previous year, the company posted $1.46 EPS. As a group, analysts expect 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 was paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date was Friday, December 20th. Dine Brands Global's dividend payout ratio (DPR) is 33.94%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DIN shares. Benchmark reissued a "hold" rating on shares of Dine Brands Global in a report on Tuesday, October 29th. Truist Financial reissued a "hold" rating and issued a $37.00 price objective (down previously from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. Barclays reaffirmed an "equal weight" rating and set a $32.00 target price (down from $43.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. CL King downgraded Dine Brands Global from a "buy" rating to a "neutral" rating in a report on Monday, November 4th. Finally, KeyCorp dropped their price objective 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. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $41.29.

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.