Y Intercept Hong Kong Ltd Cuts Stock Holdings in Dine Brands Global, Inc. (NYSE:DIN)

Y Intercept Hong Kong Ltd lowered its stake in Dine Brands Global, Inc. (NYSE:DIN) by 30.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,153 shares of the restaurant operator’s stock after selling 3,163 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Dine Brands Global were worth $223,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Verition Fund Management LLC bought a new stake in shares of Dine Brands Global in the third quarter worth about $765,000. Factorial Partners LLC increased its stake in Dine Brands Global by 217.6% in the 3rd quarter. Factorial Partners LLC now owns 104,816 shares of the restaurant operator’s stock worth $3,273,000 after acquiring an additional 71,816 shares during the last quarter. Clearline Capital LP increased its stake 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 worth $4,510,000 after acquiring an additional 86,241 shares during the last quarter. Olstein Capital Management L.P. raised its holdings 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 acquiring an additional 60,605 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Dine Brands Global by 19.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 148,286 shares of the restaurant operator’s stock valued at $5,368,000 after acquiring an additional 24,556 shares during the last quarter. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Dine Brands Global Stock Performance

DIN opened at $29.68 on Thursday. Dine Brands Global, Inc. has a one year low of $28.25 and a one year high of $51.35. The stock has a market cap of $452.50 million, a price-to-earnings ratio of 4.94 and a beta of 1.73. The stock’s 50 day moving average price is $32.55 and its 200-day moving average price is $33.09.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. The business had revenue of $195.00 million for the quarter, compared to analyst estimates of $198.40 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The business’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.46 earnings per share. 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 will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.04 annualized dividend and a yield of 6.87%. Dine Brands Global’s dividend payout ratio (DPR) is 33.94%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DIN. StockNews.com cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Piper Sandler decreased their target price on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. CL King lowered Dine Brands Global from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Barclays upped their price objective on Dine Brands Global from $38.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, KeyCorp dropped their target price on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, October 18th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $44.71.

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.