Olstein Capital Management L.P. Boosts Stock Position in Dine Brands Global, Inc. (NYSE:DIN)

Olstein Capital Management L.P. raised its holdings in Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 316,158 shares of the restaurant operator's stock after acquiring an additional 13,953 shares during the quarter. Dine Brands Global comprises 1.7% of Olstein Capital Management L.P.'s portfolio, making the stock its 11th largest position. Olstein Capital Management L.P. owned approximately 2.07% of Dine Brands Global worth $9,516,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DIN. Point72 DIFC Ltd acquired a new position in Dine Brands Global in the third quarter valued at about $29,000. Quarry LP grew its position in Dine Brands Global by 32.8% in the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator's stock valued at $83,000 after purchasing an additional 567 shares in the last quarter. Signaturefd LLC increased its position in shares of Dine Brands Global by 383.4% in the third quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator's stock valued at $93,000 after acquiring an additional 2,358 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Dine Brands Global by 400.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,000 shares of the restaurant operator's stock worth $145,000 after purchasing an additional 3,200 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Dine Brands Global by 56.9% during the third quarter. SG Americas Securities LLC now owns 4,819 shares of the restaurant operator's stock worth $150,000 after buying an additional 1,748 shares during the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on DIN shares. Benchmark reiterated a "hold" rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. CL King cut shares of Dine Brands Global from a "buy" rating to a "neutral" rating in a report on Monday, November 4th. KeyCorp dropped their price objective on Dine Brands Global from $37.00 to $36.00 and set an "overweight" rating for the company in a report on Friday, October 18th. Barclays reiterated an "equal weight" rating and set a $32.00 price target (down previously from $43.00) on shares of Dine Brands Global in a research report on Tuesday, January 7th. Finally, Truist Financial reissued a "hold" rating and set a $37.00 price target (down previously from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $41.43.

Dine Brands Global Stock Performance

Shares of NYSE:DIN traded down $0.04 during trading on Friday, reaching $30.89. The stock had a trading volume of 496,833 shares, compared to its average volume of 540,085. The stock has a market cap of $471.09 million, a price-to-earnings ratio of 5.14 and a beta of 1.75. The firm's fifty day moving average is $30.85 and its 200 day moving average is $31.67. Dine Brands Global, Inc. has a 52 week low of $25.68 and a 52 week high of $51.35.

Dine Brands Global (NYSE:DIN - Get Free Report) last issued its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, beating the consensus estimate of $1.34 by $0.10. The company had revenue of $195.00 million during the quarter, compared to the consensus estimate of $198.40 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The firm's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the business posted $1.46 EPS. On average, research analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th were paid a $0.51 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.04 annualized dividend and a dividend yield of 6.60%. Dine Brands Global's payout ratio is 33.94%.

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.