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

Bayesian Capital Management LP bought a new stake in Dine Brands Global, Inc. (NYSE:DIN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BNP Paribas Financial Markets increased its stake 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 valued at $518,000 after buying an additional 8,456 shares in the last quarter. Algert Global LLC acquired a new stake in shares of Dine Brands Global in the fourth quarter valued at $824,000. Ancora Advisors LLC acquired a new stake in shares of Dine Brands Global in the fourth quarter valued at $40,000. Freestone Grove Partners LP acquired a new stake in shares of Dine Brands Global in the fourth 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 valued at $8,741,000 after buying an additional 253,688 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Dine Brands Global Stock Performance

DIN traded up $1.27 during midday trading on Monday, reaching $23.71. 145,633 shares of the company were exchanged, compared to its average volume of 589,306. Dine Brands Global, Inc. has a one year low of $18.63 and a one year high of $45.69. The stock has a market capitalization of $370.49 million, a P/E ratio of 3.94 and a beta of 1.11. The stock's 50-day simple moving average is $22.26 and its 200 day simple moving average is $27.42.

Dine Brands Global (NYSE:DIN - Get Free Report) last issued its 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). Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The company had revenue of $214.78 million for the quarter, compared to the consensus estimate of $216.19 million. During the same quarter last year, the business posted $1.33 EPS. Dine Brands Global's quarterly revenue was up 4.1% on a year-over-year basis. On average, research analysts anticipate that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 8.60%. The ex-dividend date of this dividend was Monday, March 17th. Dine Brands Global's dividend payout ratio (DPR) is currently 56.51%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DIN. UBS Group lowered their price objective on Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating for the company in a research report on Thursday. Truist Financial lowered their price objective on Dine Brands Global from $27.00 to $23.00 and set a "hold" rating for the company in a research report on Thursday. Barclays lifted their price objective on Dine Brands Global from $21.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Thursday. Wedbush lowered their price objective on Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Finally, Sanford C. Bernstein set a $26.00 price objective on Dine Brands Global in a research report on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Dine Brands Global presently has an average rating of "Hold" and a consensus price target of $26.29.

Dine Brands Global Profile

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.