Dimensional Fund Advisors LP Grows Stock Holdings in Dine Brands Global, Inc. (NYSE:DIN)

Dimensional Fund Advisors LP boosted its holdings in Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190,145 shares of the restaurant operator's stock after buying an additional 14,958 shares during the period. Dimensional Fund Advisors LP owned approximately 1.25% of Dine Brands Global worth $5,724,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DIN. Cibc World Market Inc. grew its position in Dine Brands Global by 640.6% in the fourth 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 during the period. Victory Capital Management Inc. increased its holdings in shares of Dine Brands Global by 1,733.3% in the fourth quarter. Victory Capital Management Inc. now owns 132,073 shares of the restaurant operator's stock worth $3,975,000 after acquiring an additional 124,869 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Dine Brands Global during the fourth quarter worth about $2,780,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Dine Brands Global by 14.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 601,470 shares of the restaurant operator's stock worth $18,104,000 after buying an additional 74,387 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Dine Brands Global by 164.7% during the third quarter. JPMorgan Chase & Co. now owns 95,399 shares of the restaurant operator's stock worth $2,979,000 after buying an additional 59,360 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DIN shares. KeyCorp cut their price objective on Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Barclays lifted their price target on 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. 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. Sanford C. Bernstein set a $26.00 price objective on Dine Brands Global in a research report on Thursday, March 6th. Finally, Wedbush reduced their price target on Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $26.29.

Dine Brands Global Stock Performance

Shares of DIN stock traded up $0.45 during mid-day trading on Tuesday, hitting $24.65. The company's stock had a trading volume of 616,152 shares, compared to its average volume of 592,661. Dine Brands Global, Inc. has a 52-week low of $18.63 and a 52-week high of $45.69. The stock has a market cap of $385.18 million, a price-to-earnings ratio of 4.10 and a beta of 1.11. The business has a 50-day moving average price of $22.25 and a 200 day moving average price 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 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 firm had revenue of $214.78 million during the quarter, compared to analysts' expectations of $216.19 million. During the same quarter in the prior year, the firm posted $1.33 earnings per share. Dine Brands Global's quarterly revenue was up 4.1% on a year-over-year basis. Equities research analysts predict that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were issued a dividend of $0.51 per share. The ex-dividend date was Monday, March 17th. This represents a $2.04 annualized dividend and a dividend yield of 8.28%. Dine Brands Global's dividend payout ratio is presently 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.