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

Virtu Financial LLC bought a new position in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 21,975 shares of the restaurant operator's stock, valued at approximately $686,000. Virtu Financial LLC owned about 0.14% of Dine Brands Global as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of DIN. Point72 DIFC Ltd acquired a new position in shares of Dine Brands Global during the third quarter worth approximately $29,000. Summit Securities Group LLC acquired a new stake in shares of Dine Brands Global in the 2nd quarter worth approximately $35,000. Quarry LP lifted its stake in shares of Dine Brands Global by 32.8% in the 2nd quarter. Quarry LP now owns 2,296 shares of the restaurant operator's stock worth $83,000 after acquiring an additional 567 shares during the period. Signaturefd LLC boosted its holdings in shares of Dine Brands Global by 383.4% in the third quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator's stock valued at $93,000 after acquiring an additional 2,358 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Dine Brands Global during the second quarter valued at approximately $111,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

Dine Brands Global Stock Down 1.4 %

Shares of Dine Brands Global stock traded down $0.44 on Friday, hitting $31.16. The stock had a trading volume of 436,146 shares, compared to its average volume of 438,699. The business's 50 day moving average is $32.50 and its two-hundred day moving average is $33.25. The stock has a market cap of $475.07 million, a price-to-earnings ratio of 5.18 and a beta of 1.73. Dine Brands Global, Inc. has a twelve month low of $28.25 and a twelve month high of $52.05.

Dine Brands Global (NYSE:DIN - Get Free Report) last issued its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, beating the consensus estimate of $1.34 by $0.10. The company had revenue of $195.00 million during the quarter, compared to analysts' expectations of $198.40 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The business's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.46 EPS. As a group, equities analysts predict that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 6.55%. The ex-dividend date is Friday, December 20th. Dine Brands Global's payout ratio is 33.94%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DIN. Truist Financial reiterated a "hold" rating and set a $37.00 price target (down from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. Piper Sandler reduced their target price on shares of Dine Brands Global from $40.00 to $38.00 and set a "neutral" rating for the company in a research note on Monday, November 18th. CL King lowered shares of Dine Brands Global from a "buy" rating to a "neutral" rating in a research note on Monday, November 4th. KeyCorp cut their price objective on shares of Dine Brands Global from $37.00 to $36.00 and set an "overweight" rating for the company in a research report on Friday, October 18th. Finally, StockNews.com cut shares of Dine Brands Global from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $44.71.

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.