JPMorgan Chase & Co. Purchases 59,360 Shares of Dine Brands Global, Inc. (NYSE:DIN)

JPMorgan Chase & Co. grew its position in shares of Dine Brands Global, Inc. (NYSE:DIN) by 164.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,399 shares of the restaurant operator’s stock after acquiring an additional 59,360 shares during the period. JPMorgan Chase & Co. owned about 0.63% of Dine Brands Global worth $2,979,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DIN. Verition Fund Management LLC bought a new position in Dine Brands Global during the 3rd quarter valued at approximately $765,000. Barclays PLC increased its stake in shares of Dine Brands Global by 135.4% during the third quarter. Barclays PLC now owns 35,946 shares of the restaurant operator’s stock valued at $1,123,000 after buying an additional 20,673 shares during the period. Factorial Partners LLC raised its holdings in shares of 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 acquiring an additional 71,816 shares in the last quarter. Stifel Financial Corp purchased a new stake in Dine Brands Global in the third quarter worth $786,000. Finally, Clearline Capital LP boosted its holdings in Dine Brands Global by 225.0% in the second quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock valued at $4,510,000 after acquiring an additional 86,241 shares in the last quarter. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Dine Brands Global Stock Up 0.0 %

DIN stock opened at $26.70 on Monday. The business has a 50 day moving average of $31.36 and a 200 day moving average of $31.78. Dine Brands Global, Inc. has a twelve month low of $25.68 and a twelve month high of $51.35. The firm has a market cap of $407.07 million, a PE ratio of 4.44 and a beta of 1.75.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $195.00 million during the quarter, compared to analyst estimates of $198.40 million. During the same quarter in the previous year, the firm earned $1.46 EPS. Dine Brands Global’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, research 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 declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 20th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 7.64%. The ex-dividend date was Friday, December 20th. Dine Brands Global’s dividend payout ratio (DPR) is currently 33.94%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DIN. Piper Sandler dropped their target price on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. CL King lowered shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. StockNews.com downgraded Dine Brands Global from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Barclays restated an “equal weight” rating and issued a $32.00 target price (down previously from $43.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $47.00 price target on shares of Dine Brands Global in a research note on Friday, November 15th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $41.43.

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.