Stifel Financial Corp Invests $786,000 in Dine Brands Global, Inc. (NYSE:DIN)

Stifel Financial Corp acquired a new position in shares of Dine Brands Global, Inc. (NYSE:DIN) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 25,173 shares of the restaurant operator’s stock, valued at approximately $786,000. Stifel Financial Corp owned approximately 0.17% of Dine Brands Global at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. LSV Asset Management lifted its stake in Dine Brands Global by 2.8% in the 2nd quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock worth $23,932,000 after purchasing an additional 18,200 shares in the last quarter. Olstein Capital Management L.P. increased its holdings in shares of Dine Brands Global by 25.1% in the third quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock valued at $9,438,000 after purchasing an additional 60,605 shares during the last quarter. Marshall Wace LLP lifted its position in Dine Brands Global by 3.2% during the second quarter. Marshall Wace LLP now owns 278,087 shares of the restaurant operator’s stock worth $10,067,000 after buying an additional 8,518 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in 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 worth $8,451,000 after buying an additional 4,427 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in Dine Brands Global by 19.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 148,286 shares of the restaurant operator’s stock valued at $5,368,000 after buying an additional 24,556 shares in the last quarter. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on DIN. UBS Group decreased their target price on shares of Dine Brands Global from $51.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Wedbush reissued an “outperform” rating and set a $47.00 target price on shares of Dine Brands Global in a research note on Friday, November 15th. Benchmark restated a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. Truist Financial reiterated a “hold” rating and set a $37.00 price target (down from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. Finally, StockNews.com lowered shares of Dine Brands Global from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Dine Brands Global currently has a consensus rating of “Hold” and an average target price of $44.71.

Dine Brands Global Stock Up 1.3 %

Shares of Dine Brands Global stock opened at $29.92 on Wednesday. Dine Brands Global, Inc. has a 52-week low of $28.25 and a 52-week high of $51.35. The company has a market capitalization of $456.16 million, a P/E ratio of 4.98 and a beta of 1.73. The company has a 50 day moving average of $32.51 and a 200 day moving average of $32.85.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.10. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The business had revenue of $195.00 million for the quarter, compared to analyst estimates of $198.40 million. During the same quarter last year, the company earned $1.46 EPS. The business’s quarterly revenue was down 3.8% on a year-over-year basis. As a group, research analysts anticipate that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 6.82%. The ex-dividend date is Friday, December 20th. Dine Brands Global’s dividend payout ratio is currently 33.94%.

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.