Hsbc Holdings PLC purchased a new stake in Dine Brands Global, Inc. (NYSE:DIN – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 52,220 shares of the restaurant operator’s stock, valued at approximately $1,369,000.
Other large investors also recently made changes to their positions in the company. AdvisorShares Investments LLC raised its holdings in shares of Dine Brands Global by 8.2% during the fourth quarter. AdvisorShares Investments LLC now owns 3,758 shares of the restaurant operator’s stock worth $121,000 after acquiring an additional 284 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Dine Brands Global by 8.8% in the 4th quarter. Quadrant Capital Group LLC now owns 3,821 shares of the restaurant operator’s stock valued at $123,000 after purchasing an additional 309 shares during the period. Financial Management Professionals Inc. lifted its holdings in shares of Dine Brands Global by 45.4% in the fourth quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 326 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Dine Brands Global by 1.2% during the fourth quarter. Russell Investments Group Ltd. now owns 28,282 shares of the restaurant operator’s stock worth $909,000 after buying an additional 326 shares during the period. Finally, Garton & Associates Financial Advisors LLC bought a new position in shares of Dine Brands Global during the fourth quarter worth about $26,000. Institutional investors own 92.83% of the company’s stock.
Dine Brands Global Stock Performance
Shares of NYSE DIN opened at $35.25 on Tuesday. The stock has a 50 day moving average price of $33.32 and a 200 day moving average price of $31.73. Dine Brands Global, Inc. has a 52 week low of $19.58 and a 52 week high of $39.68. The stock has a market capitalization of $447.32 million, a PE ratio of 34.90 and a beta of 0.95.
Dine Brands Global Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Wednesday, June 24th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Wednesday, June 24th. Dine Brands Global’s payout ratio is presently 75.25%.
Analysts Set New Price Targets
Several equities research analysts have commented on DIN shares. KeyCorp restated a “sector weight” rating on shares of Dine Brands Global in a research note on Thursday, April 2nd. Mizuho cut their price objective on shares of Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Zacks Research raised shares of Dine Brands Global from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Barclays decreased their target price on shares of Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Dine Brands Global in a research note on Tuesday, June 9th. Seven investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Dine Brands Global currently has an average rating of “Hold” and a consensus price target of $30.40.
Get Our Latest Analysis on Dine Brands Global
Insider Transactions at Dine Brands Global
In other Dine Brands Global news, Director Michael Hyter sold 1,800 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $28.88, for a total transaction of $51,984.00. Following the sale, the director directly owned 9,315 shares of the company’s stock, valued at approximately $269,017.20. This represents a 16.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 6.73% of the company’s stock.
About Dine Brands Global
Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.
The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.
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