Algert Global LLC Purchases New Shares in Dine Brands Global, Inc. (NYSE:DIN)

Algert Global LLC purchased a new stake in Dine Brands Global, Inc. (NYSE:DIN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 27,360 shares of the restaurant operator's stock, valued at approximately $824,000. Algert Global LLC owned approximately 0.18% of Dine Brands Global as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Mountain Hill Investment Partners Corp. purchased a new position in shares of Dine Brands Global during the 4th quarter valued at about $30,000. Ancora Advisors LLC purchased a new position in shares of Dine Brands Global during the 4th quarter valued at about $40,000. KLP Kapitalforvaltning AS purchased a new position in shares of Dine Brands Global during the 4th quarter valued at about $89,000. EMC Capital Management raised its holdings in shares of Dine Brands Global by 2,570.0% during the 4th quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator's stock valued at $88,000 after buying an additional 2,827 shares in the last quarter. Finally, AdvisorShares Investments LLC raised its holdings in shares of Dine Brands Global by 243.1% during the 4th quarter. AdvisorShares Investments LLC now owns 5,074 shares of the restaurant operator's stock valued at $153,000 after buying an additional 3,595 shares in the last quarter. Hedge funds and other institutional investors own 92.83% of the company's stock.

Dine Brands Global Trading Down 1.0%

Shares of DIN stock traded down $0.24 during trading hours on Friday, reaching $24.46. The company's stock had a trading volume of 95,772 shares, compared to its average volume of 591,118. The stock has a market capitalization of $382.21 million, a P/E ratio of 4.06 and a beta of 1.11. Dine Brands Global, Inc. has a one year low of $18.63 and a one year high of $45.69. The firm's fifty day simple moving average is $22.17 and its 200 day simple moving average is $27.30.

Dine Brands Global (NYSE:DIN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $1.03 earnings per share for the quarter, missing analysts' consensus estimates of $1.18 by ($0.15). The business had revenue of $214.78 million during the quarter, compared to the consensus estimate of $216.19 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. Dine Brands Global's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 earnings per share. As a group, equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Friday, June 20th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, June 20th. This represents a $2.04 annualized dividend and a dividend yield of 8.34%. Dine Brands Global's dividend payout ratio is presently 56.51%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wedbush decreased their price objective on Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. UBS Group decreased their price target on Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Truist Financial decreased their price target on Dine Brands Global from $27.00 to $23.00 and set a "hold" rating on the stock in a research note on Thursday, May 8th. KeyCorp decreased their price target on Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Finally, Barclays lifted their price target on Dine Brands Global from $21.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $26.29.

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.