Dine Brands Global, Inc. (NYSE:DIN) Position Lowered by Millennium Management LLC

Millennium Management LLC decreased its stake in shares of Dine Brands Global, Inc. (NYSE:DIN) by 30.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 142,124 shares of the restaurant operator’s stock after selling 61,531 shares during the period. Millennium Management LLC owned about 0.92% of Dine Brands Global worth $5,145,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Quarry LP lifted its position in shares of Dine Brands Global by 207.2% during the fourth quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 489 shares during the last quarter. Headlands Technologies LLC lifted its position in shares of Dine Brands Global by 438.7% during the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 623 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Dine Brands Global by 3.6% during the second quarter. Nisa Investment Advisors LLC now owns 20,189 shares of the restaurant operator’s stock worth $742,000 after purchasing an additional 695 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Dine Brands Global by 30.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock worth $117,000 after purchasing an additional 746 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of Dine Brands Global during the second quarter worth about $35,000. Institutional investors own 92.83% of the company’s stock.

Dine Brands Global Trading Up 3.7 %

Shares of NYSE:DIN opened at $31.32 on Friday. The firm’s 50 day moving average is $31.15 and its two-hundred day moving average is $36.82. The firm has a market capitalization of $482.48 million, a P/E ratio of 5.57 and a beta of 1.71. Dine Brands Global, Inc. has a 52 week low of $28.25 and a 52 week high of $53.26.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.07. The business 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%. The business’s revenue was down 1.0% on a year-over-year basis. During the same period last year, the firm posted $1.82 earnings per share. Analysts predict that Dine Brands Global, Inc. will post 5.83 EPS for the current year.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 6.51%. The ex-dividend date of this dividend was Friday, September 20th. Dine Brands Global’s dividend payout ratio (DPR) is presently 36.30%.

Analysts Set New Price Targets

Several research firms recently weighed in on DIN. Barclays dropped their price objective on shares of Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Truist Financial reiterated a “hold” rating and set a $37.00 price objective (down previously from $66.00) on shares of Dine Brands Global in a research note on Friday, October 4th. UBS Group dropped their price objective on shares of Dine Brands Global from $56.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. StockNews.com upgraded shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Wedbush upgraded shares of Dine Brands Global from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $34.00 to $47.00 in a research note on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.57.

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.