Dine Brands Global, Inc. (NYSE:DIN) Shares Purchased by CastleKnight Management LP

CastleKnight Management LP raised its position in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 19.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,061 shares of the restaurant operator's stock after buying an additional 16,161 shares during the period. CastleKnight Management LP owned about 0.66% of Dine Brands Global worth $3,042,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in DIN. Barclays PLC boosted its position in shares of Dine Brands Global by 135.4% during the 3rd quarter. Barclays PLC now owns 35,946 shares of the restaurant operator's stock worth $1,123,000 after acquiring an additional 20,673 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Dine Brands Global by 164.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,399 shares of the restaurant operator's stock valued at $2,979,000 after buying an additional 59,360 shares during the period. Nordea Investment Management AB grew its stake in shares of Dine Brands Global by 4.1% during the 4th quarter. Nordea Investment Management AB now owns 160,378 shares of the restaurant operator's stock worth $4,847,000 after purchasing an additional 6,324 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Dine Brands Global by 50.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 29,686 shares of the restaurant operator's stock worth $909,000 after acquiring an additional 9,910 shares in the last quarter. Finally, Olstein Capital Management L.P. grew its stake in Dine Brands Global by 4.6% in the 4th quarter. Olstein Capital Management L.P. now owns 316,158 shares of the restaurant operator's stock valued at $9,516,000 after acquiring an additional 13,953 shares during the last quarter. Hedge funds and other institutional investors own 92.83% of the company's stock.

Dine Brands Global Stock Performance

NYSE:DIN opened at $20.47 on Tuesday. Dine Brands Global, Inc. has a 52 week low of $18.63 and a 52 week high of $45.69. The stock's 50 day moving average price is $22.52 and its 200 day moving average price is $27.68. The company has a market capitalization of $320.04 million, a P/E ratio of 3.41 and a beta of 1.11.

Dine Brands Global (NYSE:DIN - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $1.35 by ($0.48). Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The business had revenue of $204.80 million for the quarter, compared to analyst estimates of $200.75 million. During the same quarter in the prior year, the firm earned $1.40 EPS. The firm's quarterly revenue was down .7% on a year-over-year basis. As a group, sell-side analysts forecast that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 9.97%. The ex-dividend date of this dividend was Monday, March 17th. Dine Brands Global's dividend payout ratio (DPR) is currently 48.46%.

Analysts Set New Price Targets

DIN has been the subject of a number of recent analyst reports. Barclays dropped their target price on Dine Brands Global from $26.00 to $21.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Truist Financial reduced their price target on Dine Brands Global from $37.00 to $27.00 and set a "hold" rating on the stock in a research report on Thursday, March 6th. Wedbush reduced their price target on Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Sanford C. Bernstein set a $26.00 price target on shares of Dine Brands Global in a report on Thursday, March 6th. Finally, UBS Group cut their price target on Dine Brands Global from $32.00 to $25.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Dine Brands Global currently has an average rating of "Hold" and an average price target of $28.29.

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.

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