Dine Brands Global, Inc. (NYSE:DIN) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 1,733.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 132,073 shares of the restaurant operator's stock after acquiring an additional 124,869 shares during the quarter. Victory Capital Management Inc. owned 0.87% of Dine Brands Global worth $3,975,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Proficio Capital Partners LLC acquired a new position in shares of Dine Brands Global in the 4th quarter worth approximately $415,000. Bank of New York Mellon Corp increased its stake in Dine Brands Global by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 170,633 shares of the restaurant operator's stock worth $5,136,000 after buying an additional 10,248 shares during the period. Y Intercept Hong Kong Ltd increased its stake in Dine Brands Global by 31.8% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 9,431 shares of the restaurant operator's stock worth $284,000 after buying an additional 2,278 shares during the period. South Dakota Investment Council increased its stake in Dine Brands Global by 6.2% during the 4th quarter. South Dakota Investment Council now owns 175,763 shares of the restaurant operator's stock worth $5,290,000 after buying an additional 10,324 shares during the period. Finally, Rhumbline Advisers increased its stake in Dine Brands Global by 1.5% during the 4th quarter. Rhumbline Advisers now owns 24,006 shares of the restaurant operator's stock worth $723,000 after buying an additional 362 shares during the period. 92.83% of the stock is currently owned by institutional investors and hedge funds.

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Dine Brands Global Trading Down 1.4 %

Shares of NYSE DIN traded down $0.35 during mid-day trading on Wednesday, reaching $24.98. The company had a trading volume of 409,975 shares, compared to its average volume of 518,690. The firm has a 50 day simple moving average of $27.19 and a two-hundred day simple moving average of $30.06. The stock has a market cap of $381.11 million, a P/E ratio of 4.15 and a beta of 1.85. Dine Brands Global, Inc. has a 52-week low of $22.36 and a 52-week high of $47.52.

Dine Brands Global (NYSE:DIN - Get Free Report) last posted its 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 company had revenue of $204.80 million during 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 company's quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $1.40 earnings per share. On average, equities analysts expect that Dine Brands Global, Inc. will post 5.84 EPS for the current year.

Dine Brands Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.17%. The ex-dividend date is Monday, March 17th. Dine Brands Global's dividend payout ratio (DPR) is 48.46%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DIN. Truist Financial cut their target price on shares of Dine Brands Global from $37.00 to $27.00 and set a "hold" rating on the stock in a research note on Thursday, March 6th. KeyCorp cut 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 research note on Friday, January 31st. Sanford C. Bernstein set a $26.00 target price on shares of Dine Brands Global in a research note 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 on the stock in a research report on Thursday, March 6th. Finally, Wedbush dropped their price objective 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. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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.