Geode Capital Management LLC Increases Stake in Dine Brands Global, Inc. (NYSE:DIN)

Geode Capital Management LLC grew its stake in Dine Brands Global, Inc. (NYSE:DIN) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 349,949 shares of the restaurant operator’s stock after purchasing an additional 3,584 shares during the period. Geode Capital Management LLC owned about 2.29% of Dine Brands Global worth $10,932,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DIN. Barclays PLC boosted its holdings in Dine Brands Global by 135.4% during the third quarter. Barclays PLC now owns 35,946 shares of the restaurant operator’s stock worth $1,123,000 after buying an additional 20,673 shares in the last quarter. Harvest Investment Advisors LLC raised its position in shares of Dine Brands Global by 11.6% in the third quarter. Harvest Investment Advisors LLC now owns 32,591 shares of the restaurant operator’s stock worth $1,018,000 after acquiring an additional 3,395 shares during the period. XTX Topco Ltd boosted its stake in shares of Dine Brands Global by 115.9% during the 3rd quarter. XTX Topco Ltd now owns 23,513 shares of the restaurant operator’s stock worth $734,000 after acquiring an additional 12,623 shares in the last quarter. Jane Street Group LLC grew its position in shares of Dine Brands Global by 229.1% during the 3rd quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator’s stock valued at $7,799,000 after acquiring an additional 173,831 shares during the period. Finally, Weiss Asset Management LP purchased a new position in shares of Dine Brands Global in the 3rd quarter valued at about $6,102,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DIN. StockNews.com cut Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Piper Sandler cut their price target on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, November 18th. Wedbush reaffirmed an “outperform” rating and set a $47.00 price objective on shares of Dine Brands Global in a report on Friday, November 15th. UBS Group dropped 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 research report on Thursday, November 7th. Finally, CL King downgraded shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Dine Brands Global currently has a consensus rating of “Hold” and a consensus target price of $44.71.

Dine Brands Global Trading Down 1.0 %

NYSE:DIN opened at $30.10 on Wednesday. The company has a market cap of $458.90 million, a P/E ratio of 5.01 and a beta of 1.73. Dine Brands Global, Inc. has a twelve month low of $28.25 and a twelve month high of $51.35. The company’s 50-day moving average price is $32.31 and its 200-day moving average price is $32.57.

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

Dine Brands Global Announces Dividend

The business 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 dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date of this dividend is Friday, December 20th. Dine Brands Global’s dividend payout ratio (DPR) is currently 33.94%.

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.