Dine Brands Global, Inc. (NYSE:DIN) Shares Acquired by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC grew its position in Dine Brands Global, Inc. (NYSE:DIN) by 12.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,861 shares of the restaurant operator’s stock after acquiring an additional 3,037 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Dine Brands Global were worth $1,248,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. EntryPoint Capital LLC acquired a new stake in shares of Dine Brands Global in the first quarter valued at approximately $132,000. First Eagle Investment Management LLC boosted its holdings in shares of Dine Brands Global by 9.9% in the first quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock valued at $12,086,000 after acquiring an additional 23,400 shares during the period. Headlands Technologies LLC boosted its holdings in shares of Dine Brands Global by 438.7% in the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 623 shares during the period. Quantbot Technologies LP boosted its holdings in shares of Dine Brands Global by 58.7% in the first quarter. Quantbot Technologies LP now owns 12,320 shares of the restaurant operator’s stock valued at $573,000 after acquiring an additional 4,557 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Dine Brands Global by 12.5% in the first quarter. BNP Paribas Financial Markets now owns 12,832 shares of the restaurant operator’s stock valued at $596,000 after acquiring an additional 1,426 shares during the period. 92.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on DIN. Piper Sandler cut their price target on Dine Brands Global from $49.00 to $48.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Wedbush cut their price objective on Dine Brands Global from $48.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. StockNews.com upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. KeyCorp dropped their price target on Dine Brands Global from $50.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Finally, Barclays dropped their price target on Dine Brands Global from $57.00 to $54.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.86.

Dine Brands Global Stock Up 0.6 %

Shares of DIN traded up $0.22 during trading hours on Friday, reaching $34.46. 347,527 shares of the company traded hands, compared to its average volume of 460,825. The stock has a market capitalization of $530.86 million, a PE ratio of 6.13 and a beta of 1.74. Dine Brands Global, Inc. has a fifty-two week low of $31.24 and a fifty-two week high of $60.98. The stock has a fifty day simple moving average of $36.64 and a 200 day simple moving average of $42.43.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, May 8th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.26). The business had revenue of $206.24 million during the quarter, compared to analyst estimates of $210.54 million. Dine Brands Global had a negative return on equity of 35.31% and a net margin of 10.59%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.97 earnings per share. Research analysts predict that Dine Brands Global, Inc. will post 6.16 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Thursday, June 20th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date was Thursday, June 20th. Dine Brands Global’s payout ratio is 36.30%.

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.