Dine Brands Global, Inc. (NYSE:DIN) Shares Acquired by EMC Capital Management

EMC Capital Management lifted its stake in Dine Brands Global, Inc. (NYSE:DIN) by 2,570.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,937 shares of the restaurant operator’s stock after buying an additional 2,827 shares during the period. EMC Capital Management’s holdings in Dine Brands Global were worth $88,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Point72 DIFC Ltd purchased a new position in shares of Dine Brands Global during the third quarter worth about $29,000. Signaturefd LLC boosted its position in shares of Dine Brands Global by 383.4% in the 3rd quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock valued at $93,000 after purchasing an additional 2,358 shares during the period. Quarry LP boosted its position in shares of Dine Brands Global by 36.3% in the 3rd quarter. Quarry LP now owns 3,130 shares of the restaurant operator’s stock valued at $98,000 after purchasing an additional 834 shares during the period. SG Americas Securities LLC grew its stake in Dine Brands Global by 56.9% during the 3rd quarter. SG Americas Securities LLC now owns 4,819 shares of the restaurant operator’s stock worth $150,000 after buying an additional 1,748 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in Dine Brands Global during the third quarter worth approximately $219,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Dine Brands Global Stock Down 1.2 %

NYSE DIN opened at $30.37 on Friday. The stock has a market capitalization of $463.14 million, a P/E ratio of 5.05 and a beta of 1.75. Dine Brands Global, Inc. has a 52-week low of $25.68 and a 52-week high of $51.35. The firm has a 50-day moving average price of $30.66 and a 200 day moving average price of $31.60.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The business had revenue of $195.00 million during the quarter, compared to the consensus estimate of $198.40 million. During the same period in the prior year, the business posted $1.46 EPS. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, equities research analysts expect that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 20th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 6.72%. The ex-dividend date was Friday, December 20th. Dine Brands Global’s dividend payout ratio (DPR) is 33.94%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DIN. UBS Group reissued a “neutral” rating and issued a $32.00 price objective (down from $44.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. StockNews.com downgraded shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. KeyCorp reduced their target price on shares of Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Friday. Piper Sandler decreased 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. Finally, Truist Financial restated a “hold” rating and issued a $37.00 price target (down previously from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $41.29.

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.