Factorial Partners LLC Sells 5,500 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Factorial Partners LLC lessened its stake in shares of Dine Brands Global, Inc. (NYSE:DIN) by 5.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 99,316 shares of the restaurant operator’s stock after selling 5,500 shares during the period. Dine Brands Global accounts for about 1.7% of Factorial Partners LLC’s investment portfolio, making the stock its 25th biggest holding. Factorial Partners LLC owned approximately 0.65% of Dine Brands Global worth $2,989,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of DIN. Creative Planning grew its stake in shares of Dine Brands Global by 162.8% during the 3rd quarter. Creative Planning now owns 25,573 shares of the restaurant operator’s stock valued at $799,000 after acquiring an additional 15,843 shares during the period. Olympiad Research LP purchased a new position in Dine Brands Global during the third quarter valued at approximately $407,000. Olstein Capital Management L.P. boosted its position 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 purchasing an additional 60,605 shares during the period. Aigen Investment Management LP increased its stake in shares of Dine Brands Global by 65.0% in the third quarter. Aigen Investment Management LP now owns 20,687 shares of the restaurant operator’s stock worth $646,000 after purchasing an additional 8,149 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of Dine Brands Global during the 3rd quarter valued at $225,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Dine Brands Global Stock Performance

NYSE DIN opened at $25.09 on Friday. The stock has a 50 day moving average price of $28.35 and a 200-day moving average price of $30.67. Dine Brands Global, Inc. has a one year low of $24.71 and a one year high of $51.35. The company has a market capitalization of $382.52 million, a P/E ratio of 4.17 and a beta of 1.75.

Dine Brands Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be paid a $0.51 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.13%. Dine Brands Global’s payout ratio is currently 33.94%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DIN. CL King downgraded shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Barclays reissued an “equal weight” rating and set a $32.00 target price (down previously from $43.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. UBS Group reissued a “neutral” rating and issued a $32.00 price target (down from $44.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. StockNews.com lowered shares of Dine Brands Global from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Piper Sandler lowered their target price on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $38.57.

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.