Signaturefd LLC Purchases 2,358 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Signaturefd LLC boosted its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN) by 383.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,973 shares of the restaurant operator’s stock after buying an additional 2,358 shares during the quarter. Signaturefd LLC’s holdings in Dine Brands Global were worth $93,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Summit Securities Group LLC acquired a new stake in Dine Brands Global in the second quarter valued at approximately $35,000. Headlands Technologies LLC increased its holdings in Dine Brands Global by 438.7% in the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 623 shares in the last quarter. Quarry LP increased its holdings in Dine Brands Global by 32.8% in the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock valued at $83,000 after buying an additional 567 shares in the last quarter. SG Americas Securities LLC purchased a new position in Dine Brands Global in the second quarter valued at $111,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Dine Brands Global by 30.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 746 shares in the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

Dine Brands Global Stock Up 4.2 %

Shares of DIN opened at $31.20 on Tuesday. Dine Brands Global, Inc. has a fifty-two week low of $28.25 and a fifty-two week high of $53.26. The firm’s 50 day moving average price is $31.18 and its 200 day moving average price is $35.64. The company has a market cap of $480.64 million, a P/E ratio of 5.53 and a beta of 1.71.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.71 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $210.46 million. During the same period in the prior year, the firm posted $1.82 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. Research analysts forecast that Dine Brands Global, Inc. will post 5.82 earnings per share for the current year.

Dine Brands Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 20th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date of this dividend was Friday, September 20th. Dine Brands Global’s dividend payout ratio (DPR) is 36.30%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DIN. StockNews.com raised shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Barclays cut their target price on shares of Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. UBS Group lowered their price target 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. KeyCorp lowered 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 report on Friday, October 18th. Finally, Wedbush upgraded shares of Dine Brands Global from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $34.00 to $47.00 in a research report on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.43.

Dine Brands Global 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.