Rhumbline Advisers raised its position in Dine Brands Global Inc (NYSE:DIN) by 2.0% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 52,012 shares of the restaurant operator’s stock after buying an additional 1,008 shares during the period. Rhumbline Advisers owned about 0.30% of Dine Brands Global worth $3,946,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in DIN. KBC Group NV bought a new position in Dine Brands Global in the 2nd quarter valued at $29,000. Coastal Investment Advisors Inc. bought a new position in Dine Brands Global in the 2nd quarter valued at $29,000. Advisor Group Inc. boosted its position in Dine Brands Global by 4,107.7% in the 2nd quarter. Advisor Group Inc. now owns 547 shares of the restaurant operator’s stock valued at $52,000 after buying an additional 534 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Dine Brands Global by 515.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 615 shares of the restaurant operator’s stock valued at $59,000 after buying an additional 515 shares during the last quarter. Finally, NumerixS Investment Technologies Inc boosted its position in Dine Brands Global by 133.3% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,400 shares of the restaurant operator’s stock valued at $134,000 after buying an additional 800 shares during the last quarter.
DIN stock opened at $78.35 on Friday. The business’s fifty day moving average is $73.04 and its 200-day moving average is $83.79. The company has a market cap of $1.31 billion, a P/E ratio of 14.59 and a beta of 0.39. Dine Brands Global Inc has a twelve month low of $65.63 and a twelve month high of $104.00.
Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $1.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.06. The company had revenue of $186.90 million for the quarter, compared to the consensus estimate of $224.13 million. Dine Brands Global had a negative return on equity of 57.98% and a net margin of 11.46%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.53 EPS. Analysts predict that Dine Brands Global Inc will post 6.85 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Thursday, December 19th. Dine Brands Global’s dividend payout ratio (DPR) is currently 51.40%.
A number of research analysts have commented on the company. Zacks Investment Research upgraded Dine Brands Global from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. ValuEngine downgraded Dine Brands Global from a “sell” rating to a “strong sell” rating in a research note on Friday, October 4th. Maxim Group reissued a “buy” rating on shares of Dine Brands Global in a research note on Thursday, October 31st. Barclays cut their price target on Dine Brands Global from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. Finally, Raymond James downgraded Dine Brands Global from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $125.00 to $105.00 in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $103.00.
Dine Brands Global Company Profile
Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.
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