Price T Rowe Associates Inc. MD Has $453,000 Position in Dine Brands Global, Inc. (NYSE:DIN)

Price T Rowe Associates Inc. MD boosted its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN) by 6.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,046 shares of the restaurant operator’s stock after acquiring an additional 871 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Dine Brands Global were worth $453,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its position in Dine Brands Global by 14.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 601,470 shares of the restaurant operator’s stock valued at $18,104,000 after buying an additional 74,387 shares during the period. Cibc World Market Inc. lifted its holdings in shares of Dine Brands Global by 640.6% in the 4th quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator’s stock worth $14,905,000 after acquiring an additional 428,319 shares during the last quarter. Geode Capital Management LLC raised its holdings in Dine Brands Global by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 353,558 shares of the restaurant operator’s stock valued at $10,644,000 after buying an additional 3,609 shares during the last quarter. Olstein Capital Management L.P. increased its position in Dine Brands Global by 4.6% during the 4th quarter. Olstein Capital Management L.P. now owns 316,158 shares of the restaurant operator’s stock valued at $9,516,000 after purchasing an additional 13,953 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Dine Brands Global by 8.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 190,145 shares of the restaurant operator’s stock valued at $5,724,000 after purchasing an additional 14,958 shares during the period. Institutional investors own 92.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Barclays increased their price objective on shares of Dine Brands Global from $21.00 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, May 8th. KeyCorp lowered their price objective on shares of Dine Brands Global from $30.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. UBS Group decreased their target price on shares of Dine Brands Global from $25.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Truist Financial decreased their target price on shares of Dine Brands Global from $27.00 to $23.00 and set a “hold” rating on the stock in a research note on Thursday, May 8th. Finally, Wedbush reduced 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 investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $26.29.

Dine Brands Global Stock Performance

Shares of Dine Brands Global stock opened at $24.65 on Wednesday. The company has a market capitalization of $385.18 million, a PE ratio of 4.10 and a beta of 1.11. The company has a 50-day simple moving average of $22.24 and a two-hundred day simple moving average of $27.37. Dine Brands Global, Inc. has a one year low of $18.63 and a one year high of $45.69.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, May 7th. The restaurant operator reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.15). The firm had revenue of $214.78 million during the quarter, compared to analysts’ expectations of $216.19 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. Dine Brands Global’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.33 EPS. On average, equities analysts predict that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were given a dividend of $0.51 per share. The ex-dividend date was Monday, March 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.28%. Dine Brands Global’s dividend payout ratio (DPR) is 56.51%.

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.