Barclays PLC Increases Stock Position in Dine Brands Global, Inc. (NYSE:DIN)

Barclays PLC raised its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN) by 135.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,946 shares of the restaurant operator’s stock after acquiring an additional 20,673 shares during the quarter. Barclays PLC owned about 0.24% of Dine Brands Global worth $1,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in DIN. Quarry LP grew its position in shares of Dine Brands Global by 32.8% during the 2nd quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock valued at $83,000 after purchasing an additional 567 shares in the last quarter. Quadrature Capital Ltd increased its stake in Dine Brands Global by 6.4% in the 3rd quarter. Quadrature Capital Ltd now owns 13,042 shares of the restaurant operator’s stock worth $408,000 after acquiring an additional 786 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Dine Brands Global during the 3rd quarter valued at about $29,000. Public Sector Pension Investment Board grew its holdings in shares of Dine Brands Global by 5.0% during the second quarter. Public Sector Pension Investment Board now owns 33,879 shares of the restaurant operator’s stock worth $1,226,000 after purchasing an additional 1,601 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Dine Brands Global by 56.9% in the third quarter. SG Americas Securities LLC now owns 4,819 shares of the restaurant operator’s stock worth $150,000 after purchasing an additional 1,748 shares during the last quarter. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. StockNews.com lowered Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Wedbush reaffirmed an “outperform” rating and set a $47.00 target price on shares of Dine Brands Global in a report on Friday, November 15th. Piper Sandler lowered their price target on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. UBS Group reaffirmed a “neutral” rating and set a $32.00 price objective (down from $44.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. Finally, KeyCorp lowered their target price on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $41.43.

Dine Brands Global Trading Down 1.2 %

Shares of NYSE DIN opened at $26.26 on Tuesday. The stock has a market capitalization of $400.36 million, a PE ratio of 4.37 and a beta of 1.75. Dine Brands Global, Inc. has a 12-month low of $25.68 and a 12-month high of $51.35. The stock’s fifty day simple moving average is $31.95 and its two-hundred day simple moving average is $32.00.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.10. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The company had revenue of $195.00 million for the quarter, compared to analyst estimates of $198.40 million. During the same period in the prior year, the company posted $1.46 EPS. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, equities analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 20th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 7.77%. The ex-dividend date was Friday, December 20th. Dine Brands Global’s dividend payout ratio (DPR) is presently 33.94%.

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.