Swiss National Bank Sells 1,700 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Swiss National Bank reduced its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN – Get Rating) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,000 shares of the restaurant operator’s stock after selling 1,700 shares during the quarter. Swiss National Bank owned about 0.23% of Dine Brands Global worth $2,326,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DIN. Vanguard Group Inc. increased its holdings in Dine Brands Global by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 2,113,696 shares of the restaurant operator’s stock worth $164,763,000 after acquiring an additional 54,446 shares during the period. State Street Corp boosted its position in shares of Dine Brands Global by 3.7% during the 1st quarter. State Street Corp now owns 570,271 shares of the restaurant operator’s stock valued at $44,711,000 after acquiring an additional 20,343 shares during the last quarter. Samlyn Capital LLC grew its holdings in shares of Dine Brands Global by 17.6% during the third quarter. Samlyn Capital LLC now owns 460,202 shares of the restaurant operator’s stock worth $29,251,000 after purchasing an additional 68,902 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of Dine Brands Global by 7.2% in the third quarter. Nuveen Asset Management LLC now owns 218,958 shares of the restaurant operator’s stock worth $13,917,000 after purchasing an additional 14,738 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Dine Brands Global by 24.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 199,431 shares of the restaurant operator’s stock valued at $12,676,000 after buying an additional 38,842 shares in the last quarter. 95.20% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Larry Alan Kay sold 600 shares of the stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $69.19, for a total value of $41,514.00. Following the completion of the transaction, the director now directly owns 7,639 shares in the company, valued at approximately $528,542.41. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.03% of the company’s stock.

Dine Brands Global Trading Down 2.2 %

NYSE:DIN opened at $64.84 on Thursday. The company has a 50-day moving average price of $66.02 and a 200-day moving average price of $70.48. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 12.40 and a beta of 1.84. Dine Brands Global, Inc. has a 12 month low of $61.03 and a 12 month high of $82.43.

Dine Brands Global (NYSE:DIN – Get Rating) last posted its earnings results on Wednesday, May 3rd. The restaurant operator reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.27. The firm had revenue of $213.77 million for the quarter, compared to the consensus estimate of $207.04 million. Dine Brands Global had a negative return on equity of 35.04% and a net margin of 9.37%. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.54 EPS. Equities analysts forecast that Dine Brands Global, Inc. will post 6.51 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 7th. Shareholders of record on Tuesday, June 20th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Friday, June 16th. Dine Brands Global’s dividend payout ratio is currently 39.01%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DIN. Truist Financial lowered their price target on Dine Brands Global from $100.00 to $92.00 and set a “buy” rating on the stock in a research report on Friday, March 3rd. Barclays reduced their price objective on Dine Brands Global from $84.00 to $80.00 in a research note on Thursday, May 4th. StockNews.com began coverage on Dine Brands Global in a research report on Thursday, May 18th. They issued a “hold” rating for the company. KeyCorp cut their target price on shares of Dine Brands Global from $83.00 to $78.00 and set an “overweight” rating on the stock in a report on Monday, April 17th. Finally, Wedbush reiterated an “outperform” rating and set a $85.00 price target on shares of Dine Brands Global in a report on Monday, March 27th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dine Brands Global has a consensus rating of “Moderate Buy” and an average price target of $84.00.

Dine Brands Global Company Profile

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Dine Brands Global, Inc owns and franchises casual and family dining restaurants. It operates through the following segments: Franchise, Rental, Company Restaurant, and Financing Operations. The Franchise Operations segment consists of royalties, fees, and other income for Applebee’s and IHOP franchised and area licensed restaurants.