Bank of New York Mellon Corp Acquires 10,248 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Bank of New York Mellon Corp lifted its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN) by 6.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 170,633 shares of the restaurant operator’s stock after purchasing an additional 10,248 shares during the period. Bank of New York Mellon Corp owned about 1.12% of Dine Brands Global worth $5,136,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in DIN. Point72 DIFC Ltd purchased a new stake in Dine Brands Global during the third quarter valued at about $29,000. EMC Capital Management lifted its stake in shares of Dine Brands Global by 2,570.0% in the 4th quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator’s stock valued at $88,000 after acquiring an additional 2,827 shares during the last quarter. Quarry LP boosted its holdings in Dine Brands Global by 36.3% during the 3rd quarter. Quarry LP now owns 3,130 shares of the restaurant operator’s stock valued at $98,000 after acquiring an additional 834 shares during the period. Capstone Investment Advisors LLC bought a new position in Dine Brands Global during the 3rd quarter worth approximately $219,000. Finally, Victory Capital Management Inc. purchased a new position in Dine Brands Global in the 3rd quarter worth approximately $225,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Dine Brands Global Trading Down 1.8 %

NYSE:DIN opened at $24.46 on Tuesday. The company has a 50-day moving average price of $27.24 and a 200-day moving average price of $30.10. The stock has a market cap of $373.07 million, a price-to-earnings ratio of 4.07 and a beta of 1.85. Dine Brands Global, Inc. has a 12 month low of $22.36 and a 12 month high of $47.55.

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

Dine Brands Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.04 annualized dividend and a dividend yield of 8.34%. Dine Brands Global’s dividend payout ratio is presently 48.46%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DIN shares. UBS Group dropped their price objective on Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. KeyCorp dropped their price target on shares of Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Sanford C. Bernstein set a $26.00 price target on shares of Dine Brands Global in a report on Thursday, March 6th. Wedbush lowered their price objective on shares of Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Finally, Truist Financial dropped their target price on shares of Dine Brands Global from $37.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $29.00.

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.