Quantbot Technologies LP Has $673,000 Stock Holdings in Dine Brands Global, Inc. (NYSE:DIN)

Quantbot Technologies LP lowered its position in shares of Dine Brands Global, Inc. (NYSE:DIN) by 25.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,370 shares of the restaurant operator’s stock after selling 7,746 shares during the quarter. Quantbot Technologies LP owned 0.15% of Dine Brands Global worth $673,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wealthfront Advisers LLC acquired a new stake in shares of Dine Brands Global during the fourth quarter worth about $447,000. Proficio Capital Partners LLC acquired a new stake in Dine Brands Global during the 4th quarter worth approximately $415,000. Victory Capital Management Inc. lifted its stake in Dine Brands Global by 1,733.3% in the fourth quarter. Victory Capital Management Inc. now owns 132,073 shares of the restaurant operator’s stock valued at $3,975,000 after buying an additional 124,869 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Dine Brands Global by 6.4% in the fourth quarter. Bank of New York Mellon Corp now owns 170,633 shares of the restaurant operator’s stock valued at $5,136,000 after buying an additional 10,248 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its position in shares of Dine Brands Global by 31.8% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 9,431 shares of the restaurant operator’s stock worth $284,000 after acquiring an additional 2,278 shares in the last quarter. Institutional investors own 92.83% of the company’s stock.

Dine Brands Global Stock Up 3.3 %

DIN opened at $24.82 on Friday. Dine Brands Global, Inc. has a 12-month low of $22.36 and a 12-month high of $47.25. The business has a 50 day moving average of $26.88 and a 200-day moving average of $29.77. The stock has a market cap of $378.54 million, a price-to-earnings ratio of 4.13 and a beta of 1.85.

Dine Brands Global (NYSE:DIN) last announced its quarterly 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). Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The business had revenue of $204.80 million for the quarter, compared to analyst estimates of $200.75 million. During the same period in the prior year, the business earned $1.40 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, analysts expect 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 announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 8.22%. The ex-dividend date of this dividend is Monday, March 17th. Dine Brands Global’s payout ratio is 48.46%.

Analysts Set New Price Targets

DIN has been the topic of several research reports. Sanford C. Bernstein set a $26.00 price objective on shares of Dine Brands Global in a research report on Thursday, March 6th. Wedbush reduced their price objective on Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Truist Financial dropped their target price on Dine Brands Global from $37.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, March 6th. Barclays reduced their price target on Dine Brands Global from $32.00 to $26.00 and set an “equal weight” rating for the company in a research report on Thursday, March 6th. Finally, UBS Group lowered 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 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $29.00.

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.