Prudential Financial Inc. Makes New Investment in Dine Brands Global, Inc. (NYSE:DIN)

Prudential Financial Inc. bought a new stake in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 32,137 shares of the restaurant operator's stock, valued at approximately $967,000. Prudential Financial Inc. owned about 0.21% of Dine Brands Global at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DIN. Cibc World Market Inc. raised its stake in Dine Brands Global by 640.6% during the 4th quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator's stock valued at $14,905,000 after buying an additional 428,319 shares during the last quarter. Jane Street Group LLC lifted its holdings in Dine Brands Global by 229.1% in the 3rd quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator's stock worth $7,799,000 after purchasing an additional 173,831 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Dine Brands Global by 1,733.3% during the 4th quarter. Victory Capital Management Inc. now owns 132,073 shares of the restaurant operator's stock valued at $3,975,000 after buying an additional 124,869 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Dine Brands Global by 164.7% in the third quarter. JPMorgan Chase & Co. now owns 95,399 shares of the restaurant operator's stock worth $2,979,000 after buying an additional 59,360 shares in the last quarter. Finally, Stifel Financial Corp purchased a new stake in Dine Brands Global in the 3rd quarter worth $786,000. Institutional investors own 92.83% of the company's stock.

Dine Brands Global Stock Down 3.2 %

DIN traded down $0.64 during trading hours on Friday, reaching $19.68. 556,630 shares of the company's stock traded hands, compared to its average volume of 567,677. The firm has a 50-day moving average price of $24.63 and a 200 day moving average price of $29.00. The firm has a market capitalization of $307.67 million, a PE ratio of 3.27 and a beta of 1.44. Dine Brands Global, Inc. has a 52-week low of $18.63 and a 52-week high of $46.26.

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

Dine Brands Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 10.37%. The ex-dividend date of this dividend was Monday, March 17th. Dine Brands Global's dividend payout ratio (DPR) is presently 48.46%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DIN shares. Sanford C. Bernstein set a $26.00 target price on Dine Brands Global in a report on Thursday, March 6th. Truist Financial cut their target price on shares of Dine Brands Global from $37.00 to $27.00 and set a "hold" rating for the company in a report on Thursday, March 6th. UBS Group dropped their price objective on shares of Dine Brands Global from $32.00 to $25.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Wedbush decreased their target price 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. Finally, Barclays decreased their price objective on Dine Brands Global from $32.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $29.00.

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.