Renaissance Technologies LLC Has $2.91 Million Stock Holdings in Dine Brands Global, Inc. (NYSE:DIN)

Renaissance Technologies LLC decreased its position in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 62.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,500 shares of the restaurant operator's stock after selling 158,200 shares during the quarter. Renaissance Technologies LLC owned about 0.63% of Dine Brands Global worth $2,905,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. acquired a new position in shares of Dine Brands Global in the 4th quarter valued at $30,000. EMC Capital Management increased its holdings in shares of Dine Brands Global by 2,570.0% in the fourth quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator's stock worth $88,000 after acquiring an additional 2,827 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Dine Brands Global during the fourth quarter worth about $89,000. Russell Investments Group Ltd. lifted its holdings in shares of Dine Brands Global by 6.3% during the 4th quarter. Russell Investments Group Ltd. now owns 7,032 shares of the restaurant operator's stock valued at $212,000 after purchasing an additional 414 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its position in shares of Dine Brands Global by 31.8% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 9,431 shares of the restaurant operator's stock valued at $284,000 after purchasing an additional 2,278 shares during the period. Institutional investors own 92.83% of the company's stock.

Dine Brands Global Stock Up 0.7 %

Shares of Dine Brands Global stock opened at $21.03 on Thursday. Dine Brands Global, Inc. has a 12-month low of $18.63 and a 12-month high of $46.26. The business's 50 day moving average is $23.49 and its 200-day moving average is $28.33. The stock has a market cap of $328.83 million, a P/E ratio of 3.50 and a beta of 1.44.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.48). The firm had revenue of $204.80 million during the quarter, compared to analyst estimates of $200.75 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The business's revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.40 EPS. On average, sell-side analysts expect that Dine Brands Global, Inc. will post 5.84 EPS for the current year.

Dine Brands Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.04 annualized dividend and a yield of 9.70%. Dine Brands Global's dividend payout ratio is 48.46%.

Analysts Set New Price Targets

A number of brokerages have weighed in on DIN. Barclays cut their price target on shares of Dine Brands Global from $26.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Sanford C. Bernstein set a $26.00 price objective on shares of Dine Brands Global in a research report on Thursday, March 6th. Wedbush lowered their target price on Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Truist Financial cut their price target on Dine Brands Global from $37.00 to $27.00 and set a "hold" rating on the stock in a report on Thursday, March 6th. Finally, KeyCorp decreased their price objective on Dine Brands Global from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $28.29.

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.

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