Proficio Capital Partners LLC Makes New Investment in Dine Brands Global, Inc. (NYSE:DIN)

Proficio Capital Partners LLC purchased a new position in Dine Brands Global, Inc. (NYSE:DIN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,786 shares of the restaurant operator’s stock, valued at approximately $415,000. Proficio Capital Partners LLC owned 0.09% of Dine Brands Global at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DIN. Point72 DIFC Ltd purchased a new position in shares of Dine Brands Global in the third quarter worth $29,000. EMC Capital Management lifted its holdings in shares of Dine Brands Global by 2,570.0% in the fourth quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator’s stock worth $88,000 after buying an additional 2,827 shares in the last quarter. Quarry LP lifted its holdings in shares of Dine Brands Global by 36.3% in the third quarter. Quarry LP now owns 3,130 shares of the restaurant operator’s stock worth $98,000 after buying an additional 834 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of Dine Brands Global in the third quarter worth $219,000. 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. KeyCorp decreased their price target on shares of Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. UBS Group decreased their price target on shares of Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Truist Financial decreased their price target on shares of Dine Brands Global from $37.00 to $27.00 and set a “hold” rating on the stock in a research note on Thursday, March 6th. Barclays decreased their price target on shares of Dine Brands Global from $32.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 6th. Finally, Sanford C. Bernstein set a $26.00 target price on shares of Dine Brands Global in a research note on Thursday. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $29.00.

Dine Brands Global Price Performance

Shares of Dine Brands Global stock opened at $26.87 on Tuesday. Dine Brands Global, Inc. has a 1 year low of $22.36 and a 1 year high of $50.59. The firm’s 50-day moving average is $27.73 and its two-hundred day moving average is $30.35. The stock has a market cap of $409.63 million, a price-to-earnings ratio of 4.47 and a beta of 1.85.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.48). The business had revenue of $204.80 million for the quarter, compared to the consensus estimate of $200.75 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The firm’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.40 earnings per share. On average, equities analysts expect that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 7.59%. The ex-dividend date is Monday, March 17th. Dine Brands Global’s payout ratio is 48.46%.

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.