Clearline Capital LP Sells 102,047 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Clearline Capital LP lessened its stake in Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 81.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,639 shares of the restaurant operator's stock after selling 102,047 shares during the quarter. Clearline Capital LP owned approximately 0.15% of Dine Brands Global worth $681,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. bought a new position in Dine Brands Global during the fourth quarter valued at $30,000. Ancora Advisors LLC purchased a new stake in shares of Dine Brands Global in the 4th quarter valued at about $40,000. KLP Kapitalforvaltning AS purchased a new stake in Dine Brands Global in the fourth quarter valued at approximately $89,000. EMC Capital Management raised its position 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 lifted its stake in Dine Brands Global by 243.1% during the fourth quarter. AdvisorShares Investments LLC now owns 5,074 shares of the restaurant operator's stock worth $153,000 after purchasing an additional 3,595 shares during the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DIN has been the subject of a number of recent research reports. Sanford C. Bernstein set a $26.00 price objective on shares of Dine Brands Global in a report on Thursday, March 6th. UBS Group cut their price target on shares of Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday. Wedbush reduced their target price 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. KeyCorp decreased their price target on shares of Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, Barclays lifted their price objective on Dine Brands Global from $21.00 to $24.00 and gave the company an "equal weight" rating in a research note on Thursday. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $26.29.

Dine Brands Global Stock Down 0.8 %

Shares of Dine Brands Global stock traded down $0.17 during trading hours on Friday, reaching $22.40. 488,597 shares of the stock traded hands, compared to its average volume of 591,012. The firm has a market capitalization of $350.02 million, a price-to-earnings ratio of 3.73 and a beta of 1.11. The company has a 50 day moving average price of $22.26 and a 200 day moving average price of $27.45. Dine Brands Global, Inc. has a one year low of $18.63 and a one year high of $45.69.

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

Dine Brands Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were issued 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 56.51%.

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.