Proficio Capital Partners LLC Purchases New Stake in Dine Brands Global, Inc. (NYSE:DIN)

Proficio Capital Partners LLC acquired a new position in Dine Brands Global, Inc. (NYSE:DIN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,786 shares of the restaurant operator's stock, valued at approximately $415,000. Proficio Capital Partners LLC owned about 0.09% of Dine Brands Global as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIN. Victory Capital Management Inc. acquired a new position in shares of Dine Brands Global during the 3rd quarter worth $225,000. DRW Securities LLC bought a new stake in Dine Brands Global in the third quarter worth $403,000. Quantbot Technologies LP increased its position in Dine Brands Global by 308.7% during the third quarter. Quantbot Technologies LP now owns 30,116 shares of the restaurant operator's stock worth $941,000 after buying an additional 22,748 shares during the last quarter. FMR LLC raised its holdings in Dine Brands Global by 26.9% during the third quarter. FMR LLC now owns 11,691 shares of the restaurant operator's stock valued at $365,000 after buying an additional 2,479 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Dine Brands Global by 10.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 43,581 shares of the restaurant operator's stock worth $1,361,000 after buying an additional 3,987 shares during the last quarter. Institutional investors own 92.83% of the company's stock.

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Dine Brands Global Stock Performance

Shares of NYSE:DIN traded down $1.35 on Friday, hitting $23.52. 649,550 shares of the company were exchanged, compared to its average volume of 537,313. The company's 50 day moving average price is $26.88 and its two-hundred day moving average price is $29.77. The firm has a market capitalization of $358.74 million, a price-to-earnings ratio of 3.91 and a beta of 1.85. Dine Brands Global, Inc. has a one year low of $22.36 and a one year high of $47.25.

Dine Brands Global (NYSE:DIN - Get Free Report) last issued 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 net margin of 11.31% and a negative return on equity of 37.75%. The firm had revenue of $204.80 million for the quarter, compared to the consensus estimate of $200.75 million. During the same quarter in the prior year, the firm earned $1.40 earnings per share. The company's revenue was down .7% on a year-over-year basis. Research analysts predict that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 8.67%. The ex-dividend date is Monday, March 17th. Dine Brands Global's dividend payout ratio is currently 48.46%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DIN shares. UBS Group cut their price objective on Dine Brands Global from $32.00 to $25.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Wedbush dropped their price target on shares of Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Barclays decreased their price objective on shares of Dine Brands Global from $32.00 to $26.00 and set an "equal weight" rating for the company in a report on Thursday, March 6th. KeyCorp dropped their target price on shares of Dine Brands Global from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Finally, Sanford C. Bernstein set a $26.00 price target on shares of Dine Brands Global in a report on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $29.00.

Dine Brands Global Company 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.