Rhumbline Advisers Raises Position in Dine Brands Global, Inc. (NYSE:DIN)

Rhumbline Advisers increased its holdings in Dine Brands Global, Inc. (NYSE:DIN) by 7.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,652 shares of the restaurant operator’s stock after purchasing an additional 3,388 shares during the quarter. Rhumbline Advisers owned 0.32% of Dine Brands Global worth $1,797,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Summit Financial LLC bought a new stake in shares of Dine Brands Global during the 2nd quarter valued at about $232,000. WBI Investments LLC purchased a new position in Dine Brands Global in the second quarter worth about $2,624,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Dine Brands Global by 30.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock worth $117,000 after buying an additional 746 shares during the last quarter. Summit Securities Group LLC purchased a new position in Dine Brands Global in the second quarter worth about $35,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Dine Brands Global by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 233,464 shares of the restaurant operator’s stock valued at $8,451,000 after purchasing an additional 4,427 shares during the last quarter. Institutional investors own 92.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com raised shares of Dine Brands Global from a “hold” rating to a “buy” rating in a report on Monday, September 2nd. Wedbush reduced their target price on shares of Dine Brands Global from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. UBS Group reduced their target price on shares of Dine Brands Global from $56.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Benchmark cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Finally, KeyCorp reduced their target price on shares of Dine Brands Global from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Dine Brands Global currently has an average rating of “Moderate Buy” and an average price target of $48.86.

Dine Brands Global Stock Performance

DIN opened at $29.61 on Friday. The stock has a market capitalization of $456.14 million, a price-to-earnings ratio of 5.27 and a beta of 1.72. The company has a fifty day moving average of $32.19 and a 200 day moving average of $38.42. Dine Brands Global, Inc. has a fifty-two week low of $28.25 and a fifty-two week high of $54.52.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.07. The company had revenue of $206.30 million during the quarter, compared to analysts’ expectations of $210.46 million. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. Dine Brands Global’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the company posted $1.82 earnings per share. On average, equities research analysts forecast that Dine Brands Global, Inc. will post 5.86 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Friday, September 20th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, September 20th. This represents a $2.04 annualized dividend and a yield of 6.89%. Dine Brands Global’s payout ratio is 36.30%.

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.