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

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

Several other hedge funds and other institutional investors also recently modified their holdings of DIN. Cibc World Market Inc. boosted its stake in Dine Brands Global by 640.6% during the fourth 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 in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Dine Brands Global by 50.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 29,686 shares of the restaurant operator's stock worth $909,000 after purchasing an additional 9,910 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in shares of Dine Brands Global in the 4th quarter worth approximately $447,000. Proficio Capital Partners LLC purchased a new stake in shares of Dine Brands Global in the 4th quarter worth approximately $415,000. Finally, South Dakota Investment Council increased its position in Dine Brands Global by 6.2% during the 4th quarter. South Dakota Investment Council now owns 175,763 shares of the restaurant operator's stock valued at $5,290,000 after buying an additional 10,324 shares in the last quarter. Hedge funds and other institutional investors own 92.83% of the company's stock.

Analyst Upgrades and Downgrades

DIN has been the subject of several recent analyst reports. Wedbush lowered their price target on Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Sanford C. Bernstein set a $26.00 target price on shares of Dine Brands Global in a report on Thursday, March 6th. UBS Group dropped their target price on shares of Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Truist Financial reduced 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 report on Thursday, May 8th. Finally, KeyCorp decreased their price objective 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. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $26.29.

Dine Brands Global Stock Performance

DIN traded up $0.04 during trading on Thursday, hitting $24.48. 411,949 shares of the stock were exchanged, compared to its average volume of 595,711. The firm has a 50 day simple moving average of $21.91 and a 200 day simple moving average of $26.72. The firm has a market cap of $382.46 million, a price-to-earnings ratio of 4.07 and a beta of 1.11. Dine Brands Global, Inc. has a 1 year low of $18.63 and a 1 year high of $40.75.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced 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). The company had revenue of $214.78 million during the quarter, compared to analysts' expectations of $216.19 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The company's revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 earnings per share. As a group, equities analysts anticipate that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Friday, June 20th will be given 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 8.33%. Dine Brands Global's dividend 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.