Point72 Asia Singapore Pte. Ltd. Grows Holdings in Dine Brands Global, Inc. (NYSE:DIN)

Point72 Asia Singapore Pte. Ltd. raised its position in shares of Dine Brands Global, Inc. (NYSE:DIN) by 3,461.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 19,230 shares of the restaurant operator’s stock after purchasing an additional 18,690 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Dine Brands Global were worth $601,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. AQR Capital Management LLC raised its position in shares of Dine Brands Global by 173.6% during the 2nd quarter. AQR Capital Management LLC now owns 140,501 shares of the restaurant operator’s stock valued at $5,086,000 after purchasing an additional 89,152 shares during the period. Clearline Capital LP raised its holdings in Dine Brands Global by 225.0% during the second quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock valued at $4,510,000 after acquiring an additional 86,241 shares during the period. WBI Investments LLC purchased a new position in shares of Dine Brands Global in the second quarter valued at about $2,624,000. Factorial Partners LLC lifted its position in shares of Dine Brands Global by 217.6% in the third quarter. Factorial Partners LLC now owns 104,816 shares of the restaurant operator’s stock valued at $3,273,000 after acquiring an additional 71,816 shares in the last quarter. Finally, Olstein Capital Management L.P. boosted its stake in shares of Dine Brands Global by 25.1% in the third quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock worth $9,438,000 after acquiring an additional 60,605 shares during the period. 92.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Piper Sandler lowered their price target on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. Wedbush reissued an “outperform” rating and issued a $47.00 target price on shares of Dine Brands Global in a report on Friday, November 15th. Truist Financial reaffirmed a “hold” rating and set a $37.00 target price (down from $66.00) on shares of Dine Brands Global in a research note on Friday, October 4th. KeyCorp decreased their price target on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. Finally, UBS Group cut their price objective on Dine Brands Global from $51.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $44.71.

Dine Brands Global Stock Performance

Shares of Dine Brands Global stock opened at $35.40 on Tuesday. The stock has a market cap of $539.85 million, a price-to-earnings ratio of 5.89 and a beta of 1.71. The stock has a 50 day moving average price of $32.45 and a 200-day moving average price of $33.70. Dine Brands Global, Inc. has a one year low of $28.25 and a one year high of $52.05.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.10. The business had revenue of $195.00 million for the quarter, compared to analysts’ expectations of $198.40 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The business’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 earnings per share. Sell-side 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend is Friday, December 20th. Dine Brands Global’s payout ratio is currently 33.94%.

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.