Dine Brands Global, Inc. (NYSE:DIN) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG grew its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 694.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 65,308 shares of the restaurant operator's stock after buying an additional 57,083 shares during the quarter. Deutsche Bank AG owned 0.43% of Dine Brands Global worth $1,966,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DIN. CastleKnight Management LP lifted its holdings in Dine Brands Global by 19.0% during the 4th 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 holdings in shares of Dine Brands Global by 10.7% in the fourth quarter. Centiva Capital LP now owns 21,636 shares of the restaurant operator's stock valued at $651,000 after purchasing an additional 2,089 shares during the period. Bayesian Capital Management LP bought a new position in Dine Brands Global in the fourth quarter worth approximately $430,000. BNP Paribas Financial Markets increased its holdings in Dine Brands Global by 96.5% during the 4th quarter. BNP Paribas Financial Markets now owns 17,217 shares of the restaurant operator's stock worth $518,000 after purchasing an additional 8,456 shares during the period. Finally, Algert Global LLC bought a new stake in Dine Brands Global during the 4th quarter valued at $824,000. Institutional investors own 92.83% of the company's stock.

Dine Brands Global Stock Up 5.8%

Shares of Dine Brands Global stock traded up $1.34 during midday trading on Tuesday, hitting $24.45. The company had a trading volume of 438,512 shares, compared to its average volume of 595,537. The company has a fifty day simple moving average of $21.94 and a 200 day simple moving average of $26.81. The stock has a market cap of $381.99 million, a price-to-earnings ratio of 4.07 and a beta of 1.11. Dine Brands Global, Inc. has a 12-month low of $18.63 and a 12-month high of $40.75.

Dine Brands Global (NYSE:DIN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.15). Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The company had revenue of $214.78 million during the quarter, compared to analysts' expectations of $216.19 million. During the same period in the prior year, the business posted $1.33 EPS. The company's quarterly revenue was up 4.1% on a year-over-year basis. As a group, analysts expect that Dine Brands Global, Inc. will post 5.84 EPS for the current year.

Dine Brands Global Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DIN shares. Sanford C. Bernstein set a $26.00 price target on Dine Brands Global in a research note on Thursday, March 6th. UBS Group reduced their price target 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. Barclays upped their price target on shares of Dine Brands Global from $21.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Wedbush cut 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 report on Thursday, March 6th. Finally, KeyCorp lowered 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. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $26.29.

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.