7,668 Shares in Dine Brands Global, Inc. (NYSE:DIN) Acquired by LMR Partners LLP

LMR Partners LLP purchased a new position in Dine Brands Global, Inc. (NYSE:DIN) in the third quarter, Holdings Channel reports. The fund purchased 7,668 shares of the restaurant operator’s stock, valued at approximately $239,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LSV Asset Management increased its holdings in shares of Dine Brands Global by 2.8% in the 2nd quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock valued at $23,932,000 after acquiring an additional 18,200 shares during the period. Olstein Capital Management L.P. boosted its position in shares of Dine Brands Global by 25.1% during the 3rd quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock worth $9,438,000 after purchasing an additional 60,605 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Dine Brands Global by 3.2% during the 2nd quarter. Marshall Wace LLP now owns 278,087 shares of the restaurant operator’s stock worth $10,067,000 after purchasing an additional 8,518 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Dine Brands Global by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 233,464 shares of the restaurant operator’s stock worth $8,451,000 after buying an additional 4,427 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake 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 purchasing an additional 24,556 shares during the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

Analyst Ratings Changes

DIN has been the subject of a number of research analyst reports. Barclays increased their target price on shares of Dine Brands Global from $38.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Piper Sandler decreased their price target on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a report on Monday. StockNews.com cut Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. CL King cut Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Finally, UBS Group dropped their target price on Dine Brands Global from $51.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $44.71.

Dine Brands Global Price Performance

NYSE:DIN opened at $32.52 on Thursday. Dine Brands Global, Inc. has a fifty-two week low of $28.25 and a fifty-two week high of $52.05. The stock’s 50-day moving average is $31.66 and its two-hundred day moving average is $34.32. The stock has a market cap of $495.80 million, a PE ratio of 5.41 and a beta of 1.71.

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

Dine Brands Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.27%. Dine Brands Global’s dividend payout ratio (DPR) is presently 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.