Wealthfront Advisers LLC Takes Position in Dine Brands Global, Inc. (NYSE:DIN)

Wealthfront Advisers LLC purchased a new stake in shares of Dine Brands Global, Inc. (NYSE:DIN) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 14,836 shares of the restaurant operator’s stock, valued at approximately $447,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cibc World Market Inc. increased its position in shares of Dine Brands Global by 640.6% during the fourth quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator’s stock valued at $14,905,000 after buying an additional 428,319 shares during the period. Geode Capital Management LLC increased its position in shares of Dine Brands Global by 1.0% during the third quarter. Geode Capital Management LLC now owns 349,949 shares of the restaurant operator’s stock valued at $10,932,000 after buying an additional 3,584 shares during the period. Olstein Capital Management L.P. increased its position in shares of Dine Brands Global by 4.6% during the fourth quarter. Olstein Capital Management L.P. now owns 316,158 shares of the restaurant operator’s stock valued at $9,516,000 after buying an additional 13,953 shares during the period. Jane Street Group LLC increased its position in shares of Dine Brands Global by 229.1% during the third quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator’s stock valued at $7,799,000 after buying an additional 173,831 shares during the period. Finally, Weiss Asset Management LP bought a new stake in shares of Dine Brands Global during the third quarter valued at about $6,102,000. 92.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in 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 on the stock in a research report on Thursday, March 6th. KeyCorp decreased their price objective on shares of Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Piper Sandler decreased their price objective on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. Barclays decreased their price objective on shares of Dine Brands Global from $32.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 6th. Finally, Wedbush decreased 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 equities 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, Dine Brands Global currently has an average rating of “Hold” and a consensus price target of $29.00.

Dine Brands Global Price Performance

Shares of DIN opened at $24.91 on Monday. The firm has a market cap of $379.90 million, a P/E ratio of 4.14 and a beta of 1.86. The stock has a 50 day simple moving average of $27.35 and a two-hundred day simple moving average of $30.16. Dine Brands Global, Inc. has a 1 year low of $22.36 and a 1 year high of $47.55.

Dine Brands Global (NYSE:DIN) last issued its 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). The firm had revenue of $204.80 million during the quarter, compared to analysts’ expectations of $200.75 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.40 EPS. On average, equities analysts anticipate that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.19%. The ex-dividend date of this dividend is Monday, March 17th. Dine Brands Global’s dividend payout ratio (DPR) is presently 48.46%.

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.