Victory Capital Management Inc. Increases Stake in Dine Brands Global, Inc. (NYSE:DIN)

Victory Capital Management Inc. lifted its stake in shares of Dine Brands Global, Inc. (NYSE:DIN) by 1,733.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,073 shares of the restaurant operator’s stock after acquiring an additional 124,869 shares during the period. Victory Capital Management Inc. owned 0.87% of Dine Brands Global worth $3,975,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new stake in shares of Dine Brands Global during the third quarter valued at approximately $29,000. EMC Capital Management lifted its stake in 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 valued at $88,000 after buying an additional 2,827 shares during the last quarter. Quarry LP raised its stake in shares of Dine Brands Global by 36.3% during the third quarter. Quarry LP now owns 3,130 shares of the restaurant operator’s stock valued at $98,000 after purchasing an additional 834 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of Dine Brands Global during the third quarter valued at about $219,000. Finally, LMR Partners LLP bought a new stake in shares of Dine Brands Global during the third quarter valued at about $239,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Dine Brands Global Trading Up 1.9 %

DIN opened at $24.91 on Friday. The stock’s 50 day simple moving average is $27.35 and its 200-day simple moving average is $30.17. Dine Brands Global, Inc. has a 1 year low of $22.36 and a 1 year high of $47.55. The stock has a market cap of $379.90 million, a PE ratio of 4.14 and a beta of 1.86.

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

Dine Brands Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 8.19%. The ex-dividend date of this dividend is Monday, March 17th. Dine Brands Global’s payout ratio is presently 48.46%.

Analyst Ratings Changes

Several brokerages have commented on DIN. Wedbush dropped their price target on shares of Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Barclays lowered their target price on 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. Piper Sandler lowered their price target on 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. Sanford C. Bernstein set a $26.00 target price on Dine Brands Global in a report on Thursday, March 6th. Finally, KeyCorp reduced their target price on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $29.00.

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.