Bank of New York Mellon Corp Sells 18,070 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Bank of New York Mellon Corp cut its position in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 10.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 152,563 shares of the restaurant operator's stock after selling 18,070 shares during the period. Bank of New York Mellon Corp owned about 0.98% of Dine Brands Global worth $3,550,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. grew its holdings in shares of Dine Brands Global by 6.3% during the fourth quarter. Russell Investments Group Ltd. now owns 7,032 shares of the restaurant operator's stock worth $212,000 after purchasing an additional 414 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Dine Brands Global by 9.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the restaurant operator's stock worth $237,000 after purchasing an additional 692 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Dine Brands Global by 6.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,046 shares of the restaurant operator's stock worth $453,000 after purchasing an additional 871 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Dine Brands Global by 14.9% during the fourth quarter. Wells Fargo & Company MN now owns 10,140 shares of the restaurant operator's stock worth $305,000 after purchasing an additional 1,316 shares during the last quarter. Finally, Ancora Advisors LLC bought a new stake in shares of Dine Brands Global during the fourth quarter worth $40,000. 92.83% of the stock is currently owned by institutional investors.

Dine Brands Global Trading Up 0.8%

NYSE:DIN opened at $24.51 on Friday. Dine Brands Global, Inc. has a 1-year low of $18.63 and a 1-year high of $37.44. The business's 50-day moving average price is $25.09 and its two-hundred day moving average price is $24.78. The firm has a market capitalization of $383.04 million, a price-to-earnings ratio of 6.79 and a beta of 1.18.

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 for the quarter, missing the consensus estimate of $1.18 by ($0.15). Dine Brands Global had a net margin of 6.69% and a negative return on equity of 34.70%. The company had revenue of $214.78 million during the quarter, compared to analyst estimates of $216.19 million. During the same period in the previous year, the company posted $1.33 EPS. The company's quarterly revenue was up 4.1% compared to the same quarter last year. Sell-side analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Friday, June 20th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 8.32%. The ex-dividend date of this dividend was Friday, June 20th. Dine Brands Global's payout ratio is 56.51%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DIN. UBS Group decreased their target price on Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. KeyCorp upped their price target on Dine Brands Global from $26.00 to $30.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Barclays upped 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. Finally, Truist Financial cut 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. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $26.86.

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.

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