Rhumbline Advisers grew its stake in Dine Brands Global Inc (NYSE:DIN) by 2.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 52,012 shares of the restaurant operator’s stock after purchasing an additional 1,008 shares during the quarter. Rhumbline Advisers’ holdings in Dine Brands Global were worth $3,946,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cavalier Investments LLC bought a new position in Dine Brands Global during the second quarter worth about $344,000. Hillsdale Investment Management Inc. grew its holdings in Dine Brands Global by 6.7% during the second quarter. Hillsdale Investment Management Inc. now owns 8,000 shares of the restaurant operator’s stock worth $764,000 after purchasing an additional 500 shares during the period. Factorial Partners LLC grew its holdings in Dine Brands Global by 4.4% during the second quarter. Factorial Partners LLC now owns 11,800 shares of the restaurant operator’s stock worth $1,127,000 after purchasing an additional 500 shares during the period. BlackRock Inc. grew its holdings in Dine Brands Global by 0.9% during the second quarter. BlackRock Inc. now owns 2,510,087 shares of the restaurant operator’s stock worth $239,636,000 after purchasing an additional 22,496 shares during the period. Finally, Voloridge Investment Management LLC bought a new position in Dine Brands Global during the second quarter worth about $330,000.
A number of equities analysts recently commented on the company. MKM Partners assumed coverage on Dine Brands Global in a report on Thursday, September 26th. They set a “buy” rating and a $90.00 price target for the company. ValuEngine cut Dine Brands Global from a “sell” rating to a “strong sell” rating in a report on Friday, October 4th. Raymond James cut Dine Brands Global from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $125.00 to $105.00 in a report on Thursday, August 1st. Wedbush reiterated a “buy” rating on shares of Dine Brands Global in a report on Thursday, October 31st. Finally, Maxim Group reiterated a “buy” rating on shares of Dine Brands Global in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $103.00.
Shares of NYSE:DIN opened at $78.35 on Friday. Dine Brands Global Inc has a 12-month low of $65.63 and a 12-month high of $104.00. The stock has a market cap of $1.31 billion, a PE ratio of 14.59 and a beta of 0.39. The business has a 50 day moving average of $73.04 and a 200-day moving average of $83.79.
Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Dine Brands Global had a negative return on equity of 57.98% and a net margin of 11.46%. The company had revenue of $186.90 million during the quarter, compared to analysts’ expectations of $224.13 million. During the same quarter in the previous year, the company posted $1.53 earnings per share. The business’s revenue was down 3.7% on a year-over-year basis. On average, analysts forecast that Dine Brands Global Inc will post 6.85 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Thursday, December 19th. Dine Brands Global’s dividend payout ratio is presently 51.40%.
Dine Brands Global Profile
Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.
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