Landscape Capital Management L.L.C. Buys New Position in Dine Brands Global, Inc. (NYSE:DIN)

Landscape Capital Management L.L.C. purchased a new position in shares of Dine Brands Global, Inc. (NYSE:DIN) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 16,548 shares of the restaurant operator’s stock, valued at approximately $498,000. Landscape Capital Management L.L.C. owned 0.11% of Dine Brands Global at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of DIN. Arrowstreet Capital Limited Partnership raised its holdings in shares of Dine Brands Global by 14.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 601,470 shares of the restaurant operator’s stock valued at $18,104,000 after purchasing an additional 74,387 shares during the last quarter. Cibc World Market Inc. increased its holdings in Dine Brands Global by 640.6% during the fourth quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator’s stock worth $14,905,000 after buying an additional 428,319 shares during the last quarter. Geode Capital Management LLC boosted its stake in Dine Brands Global by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 353,558 shares of the restaurant operator’s stock valued at $10,644,000 after acquiring an additional 3,609 shares during the last quarter. Olstein Capital Management L.P. lifted its position in shares of 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 buying an additional 13,953 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of Dine Brands Global by 229.1% in the third quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator’s stock valued at $7,799,000 after purchasing an additional 173,831 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Truist Financial dropped their price target 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. KeyCorp decreased their target price on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. UBS Group reduced their price target on shares of Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Sanford C. Bernstein set a $26.00 target price on shares of Dine Brands Global in a research report on Thursday, March 6th. Finally, Barclays dropped their price target on shares of Dine Brands Global from $32.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 6th. 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 stock has an average rating of “Hold” and a consensus target price of $29.00.

Dine Brands Global Stock Down 3.4 %

Dine Brands Global stock opened at $20.99 on Monday. The company’s 50-day moving average price is $26.14 and its 200-day moving average price is $29.49. The company has a market cap of $328.20 million, a PE ratio of 3.49 and a beta of 1.44. Dine Brands Global, Inc. has a twelve month low of $19.63 and a twelve month high of $46.26.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.48). The company had revenue of $204.80 million for the quarter, compared to analysts’ expectations of $200.75 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the company earned $1.40 earnings per share. As a group, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 9.72%. The ex-dividend date of this dividend was Monday, March 17th. Dine Brands Global’s dividend payout ratio is currently 48.46%.

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.