Deutsche Bank AG Acquires 57,083 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Deutsche Bank AG lifted its position in Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 694.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,308 shares of the restaurant operator's stock after acquiring an additional 57,083 shares during the quarter. Deutsche Bank AG owned 0.43% of Dine Brands Global worth $1,966,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. CastleKnight Management LP increased its holdings in shares of Dine Brands Global by 19.0% in the fourth quarter. CastleKnight Management LP now owns 101,061 shares of the restaurant operator's stock valued at $3,042,000 after buying an additional 16,161 shares in the last quarter. Centiva Capital LP boosted its stake in Dine Brands Global by 10.7% in the fourth quarter. Centiva Capital LP now owns 21,636 shares of the restaurant operator's stock worth $651,000 after purchasing an additional 2,089 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Dine Brands Global during the 4th quarter worth approximately $430,000. BNP Paribas Financial Markets increased its stake in Dine Brands Global by 96.5% in the fourth quarter. BNP Paribas Financial Markets now owns 17,217 shares of the restaurant operator's stock valued at $518,000 after purchasing an additional 8,456 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of Dine Brands Global in the 4th quarter valued at approximately $824,000. 92.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Barclays increased their price target on shares of 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 cut their price target on Dine Brands Global from $27.00 to $23.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. KeyCorp reduced their target price on Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. UBS Group decreased their price objective on Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Sanford C. Bernstein set a $26.00 price target on Dine Brands Global in a report on Thursday, March 6th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $26.29.

Dine Brands Global Trading Up 0.1%

NYSE DIN traded up $0.02 on Thursday, hitting $24.46. The company's stock had a trading volume of 70,153 shares, compared to its average volume of 593,570. Dine Brands Global, Inc. has a 52-week low of $18.63 and a 52-week high of $40.75. The firm has a market cap of $382.20 million, a P/E ratio of 4.06 and a beta of 1.11. The company's 50-day simple moving average is $21.92 and its 200 day simple moving average is $26.78.

Dine Brands Global (NYSE:DIN - Get Free Report) last issued its quarterly 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 11.31% and a negative return on equity of 37.75%. The company had revenue of $214.78 million for the quarter, compared to the consensus estimate of $216.19 million. During the same quarter in the previous year, the business earned $1.33 earnings per share. Dine Brands Global's revenue was up 4.1% compared to the same quarter last year. On average, research analysts forecast that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 20th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $2.04 annualized dividend and a yield of 8.34%. Dine Brands Global's payout ratio is presently 56.51%.

Dine Brands Global Company 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.