Bayesian Capital Management LP Takes $430,000 Position in Dine Brands Global, Inc. (NYSE:DIN)

Bayesian Capital Management LP acquired a new position in Dine Brands Global, Inc. (NYSE:DIN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 14,284 shares of the restaurant operator's stock, valued at approximately $430,000. Bayesian Capital Management LP owned approximately 0.09% of Dine Brands Global at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in shares of Dine Brands Global by 96.5% in the fourth quarter. BNP Paribas Financial Markets now owns 17,217 shares of the restaurant operator's stock worth $518,000 after purchasing an additional 8,456 shares in the last quarter. Algert Global LLC purchased a new stake in Dine Brands Global in the 4th quarter worth approximately $824,000. Ancora Advisors LLC acquired a new stake in shares of Dine Brands Global during the 4th quarter valued at $40,000. Freestone Grove Partners LP purchased a new position in shares of Dine Brands Global during the 4th quarter valued at $1,263,000. Finally, Schonfeld Strategic Advisors LLC increased its stake in shares of Dine Brands Global by 691.0% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 290,403 shares of the restaurant operator's stock worth $8,741,000 after acquiring an additional 253,688 shares during the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Dine Brands Global Price Performance

Shares of NYSE DIN traded down $0.17 during trading hours on Friday, hitting $22.40. 488,597 shares of the stock were exchanged, compared to its average volume of 589,775. The firm has a market capitalization of $350.25 million, a P/E ratio of 3.73 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 company's 50 day moving average is $22.26 and its 200 day moving average is $27.46.

Dine Brands Global (NYSE:DIN - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.15). The firm had revenue of $214.78 million for the quarter, compared to the consensus estimate of $216.19 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The firm's revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company earned $1.33 earnings per share. Research analysts anticipate that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 9.11%. The ex-dividend date was Monday, March 17th. Dine Brands Global's dividend payout ratio is currently 48.46%.

Analysts Set New Price Targets

A number of research firms recently issued reports on DIN. Sanford C. Bernstein set a $26.00 price objective on Dine Brands Global in a research report on Thursday, March 6th. KeyCorp reduced their price target on Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating for the company in a report on Thursday. Wedbush dropped 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. Barclays lifted their target price on shares of Dine Brands Global from $21.00 to $24.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, Truist Financial dropped their price target on shares of Dine Brands Global from $27.00 to $23.00 and set a "hold" rating on the stock in a research note on Thursday. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Dine Brands Global presently 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.