Vanguard Group Inc. Trims Stock Position in Dine Brands Global, Inc. (NYSE:DIN)

Vanguard Group Inc. cut its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 26.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 971,775 shares of the restaurant operator's stock after selling 341,893 shares during the period. Vanguard Group Inc. owned approximately 6.37% of Dine Brands Global worth $29,250,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC raised its stake in shares of Dine Brands Global by 26.9% during the 3rd quarter. FMR LLC now owns 11,691 shares of the restaurant operator's stock worth $365,000 after buying an additional 2,479 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Dine Brands Global by 10.1% during 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 valued at $1,361,000 after acquiring an additional 3,987 shares during the last quarter. Stifel Financial Corp purchased a new position in Dine Brands Global in the 3rd quarter valued at $786,000. Barclays PLC lifted its stake in shares of Dine Brands Global by 135.4% in the third quarter. Barclays PLC now owns 35,946 shares of the restaurant operator's stock worth $1,123,000 after buying an additional 20,673 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Dine Brands Global by 1.0% during the third quarter. Geode Capital Management LLC now owns 349,949 shares of the restaurant operator's stock worth $10,932,000 after acquiring an additional 3,584 shares during the last quarter. Hedge funds and other institutional investors own 92.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DIN shares. Sanford C. Bernstein set a $26.00 target price on Dine Brands Global in a report on Thursday, March 6th. Barclays dropped their target price on 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. Truist Financial cut their price objective on shares of Dine Brands Global from $37.00 to $27.00 and set a "hold" rating for the company in a research report on Thursday, March 6th. UBS Group dropped their price target 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. Finally, Wedbush lowered their price objective on Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Dine Brands Global presently has a consensus rating of "Hold" and a consensus price target of $29.00.

Dine Brands Global Trading Up 3.9 %

Dine Brands Global stock traded up $0.75 during midday trading on Friday, reaching $20.21. 413,680 shares of the stock traded hands, compared to its average volume of 571,633. The firm has a market cap of $316.03 million, a PE ratio of 3.36 and a beta of 1.44. The company has a 50-day simple moving average of $23.82 and a two-hundred day simple moving average of $28.56. Dine Brands Global, Inc. has a 12-month low of $18.63 and a 12-month high of $46.26.

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

Dine Brands Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.04 dividend on an annualized basis and a yield of 10.09%. Dine Brands Global's dividend payout ratio is presently 48.46%.

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.