Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 3,461.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,230 shares of the restaurant operator's stock after purchasing an additional 18,690 shares during the quarter. Point72 Asia Singapore Pte. Ltd. owned approximately 0.13% of Dine Brands Global worth $601,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the business. Quarry LP increased its stake in shares of Dine Brands Global by 32.8% in the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator's stock worth $83,000 after purchasing an additional 567 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Dine Brands Global by 3.6% during the second quarter. Nisa Investment Advisors LLC now owns 20,189 shares of the restaurant operator's stock worth $742,000 after acquiring an additional 695 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Dine Brands Global by 30.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator's stock worth $117,000 after purchasing an additional 746 shares during the period. Summit Securities Group LLC bought a new position in shares of Dine Brands Global in the second quarter valued at approximately $35,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Dine Brands Global by 5.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,226 shares of the restaurant operator's stock valued at $1,359,000 after purchasing an additional 1,424 shares in the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.
Dine Brands Global Trading Down 2.3 %
Dine Brands Global stock traded down $0.83 during midday trading on Tuesday, hitting $34.58. The stock had a trading volume of 370,673 shares, compared to its average volume of 436,627. Dine Brands Global, Inc. has a 52-week low of $28.25 and a 52-week high of $52.05. The company has a market capitalization of $527.35 million, a PE ratio of 5.75 and a beta of 1.73. The firm's fifty day moving average is $32.53 and its two-hundred day moving average is $33.64.
Dine Brands Global (NYSE:DIN - Get Free Report) last issued its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.10. The firm had revenue of $195.00 million during the quarter, compared to analyst estimates of $198.40 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. Dine Brands Global's revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.46 earnings per share. As a group, equities research analysts predict that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.
Dine Brands Global Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date of this dividend is Friday, December 20th. Dine Brands Global's dividend payout ratio (DPR) is 33.94%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on DIN. CL King downgraded shares of Dine Brands Global from a "buy" rating to a "neutral" rating in a research note on Monday, November 4th. StockNews.com cut shares of Dine Brands Global from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Wedbush reiterated an "outperform" rating and issued a $47.00 target price on shares of Dine Brands Global in a research report on Friday, November 15th. 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 note on Thursday, November 7th. Finally, Benchmark reaffirmed a "hold" rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Dine Brands Global has a consensus rating of "Hold" and a consensus price target of $44.71.
View Our Latest Research Report on Dine Brands Global
About Dine Brands Global
(
Free Report)
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.
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