Nisa Investment Advisors LLC Sells 413 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Nisa Investment Advisors LLC lessened its holdings in Dine Brands Global, Inc. (NYSE:DIN) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,776 shares of the restaurant operator’s stock after selling 413 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.13% of Dine Brands Global worth $629,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DIN. AQR Capital Management LLC raised its holdings in Dine Brands Global by 173.6% in the 2nd quarter. AQR Capital Management LLC now owns 140,501 shares of the restaurant operator’s stock valued at $5,086,000 after buying an additional 89,152 shares during the last quarter. Clearline Capital LP raised its holdings in Dine Brands Global by 225.0% in the 2nd quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock valued at $4,510,000 after buying an additional 86,241 shares during the last quarter. WBI Investments LLC bought a new position in Dine Brands Global in the 2nd quarter valued at approximately $2,624,000. Cubist Systematic Strategies LLC raised 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 during the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in Dine Brands Global by 9.9% in the 1st quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock valued at $12,086,000 after buying an additional 23,400 shares during the last quarter. Institutional investors own 92.83% of the company’s stock.

Dine Brands Global Stock Performance

Shares of Dine Brands Global stock opened at $29.85 on Tuesday. Dine Brands Global, Inc. has a 52 week low of $28.25 and a 52 week high of $52.05. The stock has a 50 day moving average price of $30.95 and a two-hundred day moving average price of $35.12. The stock has a market capitalization of $456.68 million, a PE ratio of 5.01 and a beta of 1.71.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.07. The firm had revenue of $206.30 million during the quarter, compared to analysts’ expectations of $210.46 million. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.82 earnings per share. Research analysts forecast that Dine Brands Global, Inc. will post 5.82 EPS for the current year.

Dine Brands Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $2.04 annualized dividend and a yield of 6.83%. Dine Brands Global’s dividend payout ratio is currently 34.23%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DIN shares. Wedbush upgraded shares of Dine Brands Global from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $34.00 to $47.00 in a report on Tuesday, October 1st. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. StockNews.com upgraded shares of Dine Brands Global from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. CL King downgraded Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday. Finally, KeyCorp dropped their price objective on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $46.43.

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.