Paloma Partners Management Co Invests $548,000 in Dine Brands Global, Inc. (NYSE:DIN)

Paloma Partners Management Co acquired a new stake in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,563 shares of the restaurant operator's stock, valued at approximately $548,000. Paloma Partners Management Co owned approximately 0.12% of Dine Brands Global at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Summit Securities Group LLC purchased a new position in shares of Dine Brands Global in the second quarter worth about $35,000. Quarry LP raised its position in Dine Brands Global by 32.8% during the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator's stock valued at $83,000 after acquiring an additional 567 shares in the last quarter. Signaturefd LLC raised its position in Dine Brands Global by 383.4% during 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 in the last quarter. SG Americas Securities LLC purchased a new position in Dine Brands Global during the second quarter valued at approximately $111,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Dine Brands Global by 30.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator's stock valued at $117,000 after acquiring an additional 746 shares in the last quarter. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Dine Brands Global Stock Performance

Shares of NYSE:DIN traded up $0.01 on Wednesday, hitting $34.59. 302,894 shares of the company's stock were exchanged, compared to its average volume of 436,055. The firm's 50-day moving average is $32.61 and its 200 day moving average is $33.64. The company has a market capitalization of $527.50 million, a PE ratio of 5.76 and a beta of 1.73. Dine Brands Global, Inc. has a 1-year low of $28.25 and a 1-year high of $52.05.

Dine Brands Global (NYSE:DIN - Get Free Report) last released its quarterly earnings data 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 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 quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.46 EPS. On average, analysts anticipate that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 5.90%. The ex-dividend date is Friday, December 20th. Dine Brands Global's dividend payout ratio is presently 33.94%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Benchmark reiterated a "hold" rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. Wedbush reissued an "outperform" rating and issued a $47.00 price objective on shares of Dine Brands Global in a report on Friday, November 15th. CL King lowered Dine Brands Global from a "buy" rating to a "neutral" rating in a report on Monday, November 4th. Truist Financial reaffirmed a "hold" rating and issued a $37.00 price target (down from $66.00) on shares of Dine Brands Global in a research note on Friday, October 4th. Finally, UBS Group reduced their target price on Dine Brands Global from $51.00 to $44.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Dine Brands Global presently has a consensus rating of "Hold" and an average price target of $44.71.

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.