Kestrel Investment Management Corp Sells 10,600 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Kestrel Investment Management Corp lessened its stake in Dine Brands Global, Inc. (NYSE:DIN) by 16.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,450 shares of the restaurant operator’s stock after selling 10,600 shares during the quarter. Kestrel Investment Management Corp owned approximately 0.35% of Dine Brands Global worth $2,654,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Landscape Capital Management L.L.C. purchased a new position in Dine Brands Global in the 3rd quarter valued at approximately $2,513,000. Nordea Investment Management AB grew its position in shares of Dine Brands Global by 9.9% during the 4th quarter. Nordea Investment Management AB now owns 172,399 shares of the restaurant operator’s stock valued at $8,680,000 after purchasing an additional 15,546 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Dine Brands Global by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 174,178 shares of the restaurant operator’s stock valued at $8,613,000 after purchasing an additional 5,250 shares in the last quarter. First Eagle Investment Management LLC grew its position in shares of Dine Brands Global by 48.5% during the 3rd quarter. First Eagle Investment Management LLC now owns 166,290 shares of the restaurant operator’s stock valued at $8,223,000 after purchasing an additional 54,280 shares in the last quarter. Finally, South Dakota Investment Council purchased a new position in shares of Dine Brands Global during the 3rd quarter valued at $2,580,000. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DIN shares. Truist Financial boosted their price target on shares of Dine Brands Global from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Benchmark boosted their price target on shares of Dine Brands Global from $63.00 to $68.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Wedbush boosted their price target on shares of Dine Brands Global from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. StockNews.com upgraded shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Finally, KeyCorp cut their target price on shares of Dine Brands Global from $57.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.43.

Dine Brands Global Price Performance

Dine Brands Global stock traded up $0.52 during mid-day trading on Friday, hitting $43.35. The company’s stock had a trading volume of 300,697 shares, compared to its average volume of 255,991. The stock has a market cap of $669.76 million, a price-to-earnings ratio of 6.94 and a beta of 1.67. The business has a 50 day moving average price of $45.84 and a 200-day moving average price of $46.66. Dine Brands Global, Inc. has a 12 month low of $42.00 and a 12 month high of $69.71.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, February 28th. The restaurant operator reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.28. The business had revenue of $206.30 million during the quarter, compared to the consensus estimate of $206.24 million. Dine Brands Global had a net margin of 11.69% and a negative return on equity of 37.72%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.34 earnings per share. On average, equities research analysts expect that Dine Brands Global, Inc. will post 6.47 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Wednesday, March 20th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend was Tuesday, March 19th. Dine Brands Global’s dividend payout ratio is presently 32.74%.

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.