Charles Schwab Investment Management Inc. Sells 10,996 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Charles Schwab Investment Management Inc. cut its stake in Dine Brands Global, Inc. (NYSE:DIN) by 5.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 175,869 shares of the restaurant operator’s stock after selling 10,996 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.15% of Dine Brands Global worth $5,492,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Factorial Partners LLC lifted its holdings in Dine Brands Global by 217.6% during the third quarter. Factorial Partners LLC now owns 104,816 shares of the restaurant operator’s stock valued at $3,273,000 after purchasing an additional 71,816 shares in the last quarter. Clearline Capital LP lifted its holdings in shares of Dine Brands Global by 225.0% in the second quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock worth $4,510,000 after buying an additional 86,241 shares in the last quarter. Olstein Capital Management L.P. lifted its holdings 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 buying an additional 60,605 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Dine Brands Global by 19.8% in the second quarter. Cubist Systematic Strategies LLC now owns 148,286 shares of the restaurant operator’s stock worth $5,368,000 after buying an additional 24,556 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of Dine Brands Global in the third quarter worth $225,000. 92.83% of the stock is currently owned by institutional investors.

Dine Brands Global Stock Performance

NYSE:DIN opened at $31.59 on Friday. Dine Brands Global, Inc. has a fifty-two week low of $28.25 and a fifty-two week high of $52.05. The stock has a market capitalization of $481.62 million, a P/E ratio of 5.26 and a beta of 1.73. The company’s 50-day simple moving average is $32.53 and its 200-day simple moving average is $33.34.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, beating the consensus estimate of $1.34 by $0.10. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The firm had revenue of $195.00 million during the quarter, compared to analyst estimates of $198.40 million. During the same period last year, the firm posted $1.46 EPS. Dine Brands Global’s revenue was down 3.8% on a year-over-year basis. On average, research analysts forecast that Dine Brands Global, Inc. will post 5.84 EPS for the current year.

Dine Brands Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be issued a $0.51 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.04 dividend on an annualized basis and a yield of 6.46%. Dine Brands Global’s payout ratio is currently 33.94%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Piper Sandler reduced their price target on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. KeyCorp reduced 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. UBS Group reduced their price target on shares of Dine Brands Global from $51.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Wedbush restated an “outperform” rating and issued a $47.00 price target on shares of Dine Brands Global in a research report on Friday, November 15th. Finally, Barclays boosted their price target on shares of Dine Brands Global from $38.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $44.71.

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.