Lazard Asset Management LLC Purchases 89,567 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Lazard Asset Management LLC boosted its stake in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 628.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 103,827 shares of the restaurant operator's stock after acquiring an additional 89,567 shares during the quarter. Lazard Asset Management LLC owned approximately 0.68% of Dine Brands Global worth $3,124,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Dine Brands Global by 164.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 95,399 shares of the restaurant operator's stock valued at $2,979,000 after purchasing an additional 59,360 shares during the period. Cibc World Market Inc. lifted its position in Dine Brands Global by 640.6% during the 4th quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator's stock valued at $14,905,000 after purchasing an additional 428,319 shares during the period. Nisa Investment Advisors LLC lifted its position in 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 valued at $909,000 after purchasing an additional 9,910 shares during the period. Wealthfront Advisers LLC acquired a new position in Dine Brands Global during the 4th quarter valued at about $447,000. Finally, Proficio Capital Partners LLC acquired a new position in Dine Brands Global during the 4th quarter valued at about $415,000. Institutional investors own 92.83% of the company's stock.

Dine Brands Global Trading Down 1.3%

Shares of NYSE:DIN traded down $0.31 during mid-day trading on Thursday, reaching $22.62. The stock had a trading volume of 116,589 shares, compared to its average volume of 592,810. The firm has a market cap of $353.38 million, a PE ratio of 3.76 and a beta of 1.11. The firm has a 50 day simple moving average of $22.06 and a two-hundred day simple moving average of $27.12. Dine Brands Global, Inc. has a twelve month low of $18.63 and a twelve month high of $41.68.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced its earnings results on Wednesday, May 7th. The restaurant operator reported $1.03 EPS 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 analyst estimates 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 quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $1.33 earnings per share. On average, equities analysts anticipate that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 20th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $2.04 annualized dividend and a yield of 9.02%. Dine Brands Global's dividend payout ratio (DPR) is currently 56.51%.

Wall Street Analyst Weigh In

DIN has been the topic of a number of research reports. Barclays upped their target price on shares of Dine Brands Global from $21.00 to $24.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. Sanford C. Bernstein set a $26.00 target price on shares of Dine Brands Global in a research report on Thursday, March 6th. KeyCorp cut their price target on shares of Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. 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 research report on Thursday, May 8th. Finally, Truist Financial cut their price target on shares of Dine Brands Global from $27.00 to $23.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Dine Brands Global currently has a consensus 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.