Canada Pension Plan Investment Board Has $145,000 Stock Position in Dine Brands Global, Inc. (NYSE:DIN)

Canada Pension Plan Investment Board increased its position in shares of Dine Brands Global, Inc. (NYSE:DIN) by 400.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,000 shares of the restaurant operator’s stock after purchasing an additional 3,200 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Dine Brands Global were worth $145,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LSV Asset Management boosted its holdings in Dine Brands Global by 2.8% during the second quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock worth $23,932,000 after purchasing an additional 18,200 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Dine Brands Global by 9.9% during the first quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock worth $12,086,000 after purchasing an additional 23,400 shares during the last quarter. Olstein Capital Management L.P. boosted its holdings in Dine Brands Global by 6.9% during the second quarter. Olstein Capital Management L.P. now owns 241,600 shares of the restaurant operator’s stock worth $8,746,000 after purchasing an additional 15,600 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Dine Brands Global by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 233,464 shares of the restaurant operator’s stock worth $8,451,000 after purchasing an additional 4,427 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Dine Brands Global by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 176,464 shares of the restaurant operator’s stock worth $8,761,000 after purchasing an additional 2,286 shares during the last quarter. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Dine Brands Global Stock Up 0.3 %

NYSE DIN opened at $31.64 on Friday. The company’s 50 day moving average is $31.70 and its 200-day moving average is $37.75. Dine Brands Global, Inc. has a 12-month low of $28.25 and a 12-month high of $53.26. The firm has a market cap of $487.41 million, a P/E ratio of 5.63 and a beta of 1.72.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.07. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. The company had revenue of $206.30 million for the quarter, compared to analyst estimates of $210.46 million. During the same quarter in the previous year, the firm posted $1.82 earnings per share. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. Equities analysts expect that Dine Brands Global, Inc. will post 5.86 EPS for the current year.

Dine Brands Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Friday, September 20th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date is Friday, September 20th. Dine Brands Global’s dividend payout ratio (DPR) is presently 36.30%.

Analysts Set New Price Targets

Several research analysts recently weighed in on DIN shares. Barclays cut their price target on shares of Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. UBS Group lowered their price objective on shares of Dine Brands Global from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Wedbush lowered their price objective on shares of Dine Brands Global from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Truist Financial lowered their price objective on shares of Dine Brands Global from $71.00 to $66.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, StockNews.com raised shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Monday, September 2nd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.86.

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.