Ballentine Partners LLC Sells 5,354 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Ballentine Partners LLC decreased its position in shares of Dine Brands Global, Inc. (NYSE:DINFree Report) by 39.7% in the 4th quarter, Holdings Channel reports. The firm owned 8,131 shares of the restaurant operator’s stock after selling 5,354 shares during the quarter. Ballentine Partners LLC’s holdings in Dine Brands Global were worth $245,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Weiss Asset Management LP bought a new position in Dine Brands Global during the third quarter worth $6,102,000. Jane Street Group LLC grew its holdings 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 grew its holdings in Dine Brands Global by 173.6% during the 2nd quarter. AQR Capital Management LLC now owns 140,501 shares of the restaurant operator’s stock worth $5,086,000 after acquiring an additional 89,152 shares during the period. Clearline Capital LP raised its position in shares of 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 in the last quarter. Finally, Factorial Partners LLC lifted its stake in shares of Dine Brands Global by 217.6% in the 3rd quarter. Factorial Partners LLC now owns 104,816 shares of the restaurant operator’s stock valued at $3,273,000 after purchasing an additional 71,816 shares during the period. Institutional investors and hedge funds own 92.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DIN shares. CL King downgraded Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. Truist Financial restated a “hold” rating and issued a $37.00 price target (down from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. KeyCorp dropped their price objective on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. Finally, Piper Sandler reduced their target price on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $41.43.

View Our Latest Research Report on DIN

Dine Brands Global Price Performance

NYSE:DIN opened at $30.89 on Friday. Dine Brands Global, Inc. has a one year low of $25.68 and a one year high of $51.35. The company has a market cap of $471.09 million, a PE ratio of 5.14 and a beta of 1.75. The firm has a 50-day moving average of $30.85 and a 200-day moving average of $31.67.

Dine Brands Global (NYSE:DINGet Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, topping the consensus estimate of $1.34 by $0.10. The firm had revenue of $195.00 million during the quarter, compared to the consensus estimate of $198.40 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.46 earnings per share. On average, equities research analysts expect that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

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

About Dine Brands Global

(Free Report)

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.

Read More

Want to see what other hedge funds are holding DIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dine Brands Global, Inc. (NYSE:DINFree Report).

Institutional Ownership by Quarter for Dine Brands Global (NYSE:DIN)

Receive News & Ratings for Dine Brands Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dine Brands Global and related companies with MarketBeat.com's FREE daily email newsletter.