KLP Kapitalforvaltning AS Purchases Shares of 2,900 Dine Brands Global, Inc. (NYSE:DIN)

KLP Kapitalforvaltning AS acquired a new position in Dine Brands Global, Inc. (NYSE:DIN) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,900 shares of the restaurant operator’s stock, valued at approximately $89,000.

A number of other large investors also recently modified their holdings of the stock. EMC Capital Management raised its position in Dine Brands Global by 2,570.0% in the 4th quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator’s stock valued at $88,000 after buying an additional 2,827 shares during the last quarter. Y Intercept Hong Kong Ltd grew its stake in shares of Dine Brands Global by 31.8% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 9,431 shares of the restaurant operator’s stock worth $284,000 after acquiring an additional 2,278 shares in the last quarter. FMR LLC raised its holdings in shares of Dine Brands Global by 26.9% in the third quarter. FMR LLC now owns 11,691 shares of the restaurant operator’s stock valued at $365,000 after purchasing an additional 2,479 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Dine Brands Global in the fourth quarter valued at about $415,000. Finally, Wealthfront Advisers LLC purchased a new position in Dine Brands Global during the fourth quarter worth about $447,000. Institutional investors own 92.83% of the company’s stock.

Dine Brands Global Stock Performance

DIN stock opened at $20.30 on Friday. Dine Brands Global, Inc. has a fifty-two week low of $18.63 and a fifty-two week high of $46.26. The stock has a fifty day moving average of $24.83 and a 200-day moving average of $29.07. The company has a market capitalization of $317.33 million, a price-to-earnings ratio of 3.38 and a beta of 1.44.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $204.80 million during the quarter, compared to the consensus estimate of $200.75 million. During the same period last year, the firm earned $1.40 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. Equities analysts predict that Dine Brands Global, Inc. will post 5.84 EPS for the current year.

Dine Brands Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 10.05%. The ex-dividend date of this dividend was Monday, March 17th. Dine Brands Global’s dividend payout ratio (DPR) is presently 48.46%.

Analyst Upgrades and Downgrades

Several research firms have commented on DIN. UBS Group decreased their price objective 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. Barclays decreased their price target on Dine Brands Global from $32.00 to $26.00 and set an “equal weight” rating for the company in a research report on Thursday, March 6th. Sanford C. Bernstein set a $26.00 price objective on Dine Brands Global in a research report on Thursday, March 6th. Truist Financial reduced their price objective on Dine Brands Global from $37.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, March 6th. Finally, KeyCorp lowered their target price on 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. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dine Brands Global has an average rating of “Hold” and an average target price of $29.00.

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.