Proficio Capital Partners LLC Makes New $415,000 Investment in Dine Brands Global, Inc. (NYSE:DIN)

Proficio Capital Partners LLC bought a new position in Dine Brands Global, Inc. (NYSE:DIN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 have also modified their holdings of DIN. Aigen Investment Management LP boosted its position in shares of Dine Brands Global by 65.0% in the third quarter. Aigen Investment Management LP now owns 20,687 shares of the restaurant operator's stock worth $646,000 after acquiring an additional 8,149 shares during the last quarter. Victory Capital Management Inc. acquired a new position in Dine Brands Global during the third quarter valued at approximately $225,000. Quest Partners LLC lifted its position in Dine Brands Global by 965.3% during the third quarter. Quest Partners LLC now owns 16,565 shares of the restaurant operator's stock valued at $517,000 after buying an additional 15,010 shares in the last quarter. LMR Partners LLP acquired a new position in Dine Brands Global during the third quarter valued at approximately $239,000. Finally, Factorial Partners LLC lifted its position in Dine Brands Global by 217.6% during the third quarter. Factorial Partners LLC now owns 104,816 shares of the restaurant operator's stock valued at $3,273,000 after buying an additional 71,816 shares in the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

Dine Brands Global Price Performance

Shares of NYSE:DIN traded up $0.47 during midday trading on Friday, reaching $24.91. The company had a trading volume of 621,929 shares, compared to its average volume of 516,436. The stock's fifty day moving average price is $27.46 and its 200-day moving average price is $30.23. The stock has a market capitalization of $379.90 million, a P/E ratio of 4.14 and a beta of 1.86. Dine Brands Global, Inc. has a one year low of $22.36 and a one year high of $48.39.

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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 analysts' consensus estimates of $1.35 by ($0.48). The company had revenue of $204.80 million during the quarter, compared to the consensus estimate of $200.75 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The firm's quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $1.40 EPS. As a group, sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be paid a $0.51 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.19%. Dine Brands Global's dividend payout ratio (DPR) is presently 48.46%.

Analysts Set New Price Targets

A number of brokerages have weighed in on DIN. Wedbush reduced 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. Sanford C. Bernstein set a $26.00 price target on shares of Dine Brands Global in a research report on Thursday, March 6th. Truist Financial reduced their price target on shares of Dine Brands Global from $37.00 to $27.00 and set a "hold" rating on the stock in a research report on Thursday, March 6th. UBS Group reduced their price target on shares of Dine Brands Global from $32.00 to $25.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Finally, Barclays dropped their price objective on shares of Dine Brands Global from $32.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $29.00.

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.