Charles Schwab Investment Management Inc. Sells 20,446 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Charles Schwab Investment Management Inc. reduced its position in shares of Dine Brands Global, Inc. (NYSE:DIN) by 11.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 155,423 shares of the restaurant operator’s stock after selling 20,446 shares during the period. Charles Schwab Investment Management Inc. owned about 1.02% of Dine Brands Global worth $4,678,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new position in shares of Dine Brands Global in the third quarter valued at approximately $29,000. EMC Capital Management raised its position in 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 purchasing an additional 2,827 shares during the last quarter. Quarry LP boosted its stake in 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 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 worth $219,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Dine Brands Global in the third quarter valued at $225,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on DIN shares. Truist Financial decreased their price objective on shares of Dine Brands Global from $37.00 to $27.00 and set a “hold” rating on the stock in a report on Thursday, March 6th. KeyCorp lowered 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 report on Friday, January 31st. Barclays reduced their price objective on Dine Brands Global from $32.00 to $26.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. Sanford C. Bernstein set a $26.00 target price on Dine Brands Global in a research note on Thursday, March 6th. Finally, UBS Group cut their price target on 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. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $29.00.

Dine Brands Global Stock Down 1.1 %

Shares of Dine Brands Global stock opened at $24.61 on Wednesday. The business has a fifty day simple moving average of $26.98 and a 200 day simple moving average of $29.85. The stock has a market cap of $375.40 million, a PE ratio of 4.09 and a beta of 1.85. Dine Brands Global, Inc. has a 12 month low of $22.36 and a 12 month high of $47.25.

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 analysts’ consensus estimates of $1.35 by ($0.48). The company 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%. Dine Brands Global’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the business posted $1.40 EPS. Analysts expect that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 8.29%. The ex-dividend date of this dividend is Monday, March 17th. Dine Brands Global’s payout ratio is presently 48.46%.

Dine Brands Global 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.