Ballentine Partners LLC Has $245,000 Position in Dine Brands Global, Inc. (NYSE:DIN)

Ballentine Partners LLC trimmed its position in Dine Brands Global, Inc. (NYSE:DIN) by 39.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,131 shares of the restaurant operator’s stock after selling 5,354 shares during the quarter. Ballentine Partners LLC owned 0.05% of Dine Brands Global worth $245,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DIN. Weiss Asset Management LP acquired a new stake in shares of Dine Brands Global in the third quarter valued at approximately $6,102,000. Jane Street Group LLC increased its stake in 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 worth $7,799,000 after acquiring an additional 173,831 shares during the period. 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 acquiring an additional 89,152 shares in the last quarter. Clearline Capital LP lifted its position in shares of Dine Brands Global by 225.0% during the 2nd quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock valued at $4,510,000 after acquiring an additional 86,241 shares during the period. Finally, Factorial Partners LLC grew its holdings in shares of Dine Brands Global by 217.6% during the 3rd quarter. Factorial Partners LLC now owns 104,816 shares of the restaurant operator’s stock worth $3,273,000 after purchasing an additional 71,816 shares in the last quarter. Institutional investors own 92.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DIN. Piper Sandler cut their price objective on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. Truist Financial reiterated a “hold” rating and set a $37.00 price target (down previously from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. Barclays restated an “equal weight” rating and set a $32.00 price objective (down from $43.00) on shares of Dine Brands Global in a research report on Tuesday, January 7th. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. Finally, CL King lowered Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.43.

Dine Brands Global Trading Down 0.1 %

Dine Brands Global stock opened at $30.89 on Friday. The company has a market capitalization of $471.09 million, a PE ratio of 5.14 and a beta of 1.75. The stock has a 50-day moving average price of $30.85 and a two-hundred day moving average price of $31.67. Dine Brands Global, Inc. has a 12 month low of $25.68 and a 12 month high of $51.35.

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

Dine Brands Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 20th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.04 dividend on an annualized basis and a yield of 6.60%. Dine Brands Global’s payout ratio is 33.94%.

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.