Clearline Capital LP Has $681,000 Stake in Dine Brands Global, Inc. (NYSE:DIN)

Clearline Capital LP cut its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 81.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,639 shares of the restaurant operator's stock after selling 102,047 shares during the period. 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 institutional investors and hedge funds have also added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership boosted its stake in shares of Dine Brands Global by 14.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 601,470 shares of the restaurant operator's stock worth $18,104,000 after acquiring an additional 74,387 shares in the last quarter. Cibc World Market Inc. lifted its position in shares of Dine Brands Global by 640.6% in the 4th quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator's stock valued at $14,905,000 after acquiring an additional 428,319 shares in the last quarter. Geode Capital Management LLC boosted its stake in Dine Brands Global by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 353,558 shares of the restaurant operator's stock worth $10,644,000 after purchasing an additional 3,609 shares during the period. Olstein Capital Management L.P. grew its position in Dine Brands Global by 4.6% during the 4th quarter. Olstein Capital Management L.P. now owns 316,158 shares of the restaurant operator's stock worth $9,516,000 after purchasing an additional 13,953 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its stake in Dine Brands Global by 691.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 290,403 shares of the restaurant operator's stock valued at $8,741,000 after purchasing an additional 253,688 shares during the period. 92.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DIN has been the subject of several research analyst reports. Wedbush reduced their price objective on Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Truist Financial reduced their price target on shares of Dine Brands Global from $27.00 to $23.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. 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 report on Thursday, May 8th. Barclays upped their price objective 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, May 8th. Finally, Sanford C. Bernstein set a $26.00 target price on shares of Dine Brands Global in a research report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Dine Brands Global has a consensus rating of "Hold" and an average price target of $26.29.

Dine Brands Global Trading Up 2.2%

Shares of Dine Brands Global stock traded up $0.53 during midday trading on Tuesday, reaching $24.73. The company had a trading volume of 315,353 shares, compared to its average volume of 590,268. The company has a market capitalization of $386.43 million, a price-to-earnings ratio of 4.11 and a beta of 1.11. Dine Brands Global, Inc. has a 1-year low of $18.63 and a 1-year high of $45.69. The stock has a fifty day simple moving average of $22.25 and a 200 day simple moving average of $27.39.

Dine Brands Global (NYSE:DIN - Get Free Report) last posted 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 business had revenue of $214.78 million for 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%. The business's revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.33 earnings per share. Sell-side analysts expect 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 declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were paid a $0.51 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.04 dividend on an annualized basis and a yield of 8.25%. Dine Brands Global's dividend payout ratio is 56.51%.

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.