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

Lazard Asset Management LLC raised its position in Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 628.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,827 shares of the restaurant operator's stock after buying an additional 89,567 shares during the quarter. Lazard Asset Management LLC owned about 0.68% of Dine Brands Global worth $3,124,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in 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 purchasing an additional 59,360 shares during the period. Cibc World Market Inc. lifted its holdings in shares of 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 worth $14,905,000 after acquiring an additional 428,319 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings 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 during the last quarter. Wealthfront Advisers LLC bought a new stake in shares of Dine Brands Global during the 4th quarter worth $447,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Dine Brands Global during the 4th quarter worth $415,000. Institutional investors own 92.83% of the company's stock.

Dine Brands Global Trading Down 0.3%

DIN traded down $0.08 during trading on Tuesday, hitting $24.18. 343,763 shares of the company traded hands, compared to its average volume of 592,683. Dine Brands Global, Inc. has a 1 year low of $18.63 and a 1 year high of $43.63. The company has a market cap of $377.84 million, a PE ratio of 4.02 and a beta of 1.11. The stock's 50-day simple moving average is $22.11 and its two-hundred day simple moving average is $27.17.

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 (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.15). The firm had revenue of $214.78 million during 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%. Dine Brands Global's revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 EPS. Equities analysts expect that Dine Brands Global, Inc. will post 5.84 EPS for the current year.

Dine Brands Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Friday, June 20th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, June 20th. This represents a $2.04 dividend on an annualized basis and a yield of 8.44%. Dine Brands Global's payout ratio is 56.51%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Truist Financial lowered 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 note on Thursday, May 8th. Barclays upped their target price on shares of Dine Brands Global from $21.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. Wedbush lowered their price objective on shares of 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. KeyCorp reduced their target price 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. Finally, UBS Group reduced their target price on shares of Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $26.29.

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.