Two Sigma Investments LP Raises Stock Position in Dine Brands Global, Inc. (NYSE:DIN)

Two Sigma Investments LP raised its position in Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 17.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 287,025 shares of the restaurant operator's stock after buying an additional 42,870 shares during the period. Two Sigma Investments LP owned about 1.88% of Dine Brands Global worth $8,639,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Mountain Hill Investment Partners Corp. purchased a new position in shares of Dine Brands Global in the 4th quarter valued at about $30,000. Ancora Advisors LLC acquired a new stake in Dine Brands Global in the fourth quarter valued at approximately $40,000. EMC Capital Management grew its holdings in Dine Brands Global by 2,570.0% in the fourth quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator's stock valued at $88,000 after purchasing an additional 2,827 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Dine Brands Global in the fourth quarter valued at approximately $89,000. Finally, AdvisorShares Investments LLC raised its stake in shares of Dine Brands Global by 243.1% during the 4th quarter. AdvisorShares Investments LLC now owns 5,074 shares of the restaurant operator's stock worth $153,000 after buying an additional 3,595 shares during the period. Institutional investors and hedge funds own 92.83% of the company's stock.

Dine Brands Global Price Performance

DIN traded up $0.02 on Friday, reaching $24.44. 72,426 shares of the company's stock were exchanged, compared to its average volume of 593,664. Dine Brands Global, Inc. has a twelve month low of $18.63 and a twelve month high of $40.75. The stock has a market cap of $381.90 million, a PE ratio of 4.07 and a beta of 1.11. The stock's fifty day moving average price is $21.91 and its 200-day moving average price is $26.72.

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 analysts' consensus estimates of $1.18 by ($0.15). The business had revenue of $214.78 million during the quarter, compared to analysts' expectations of $216.19 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. During the same period last year, the business earned $1.33 earnings per share. The company's revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, research analysts predict that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 20th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 8.35%. The ex-dividend date of this dividend is Friday, June 20th. Dine Brands Global's payout ratio is currently 56.51%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DIN shares. Barclays lifted 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. Wedbush cut their target price on shares of Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating for the company 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 research report on Thursday, May 8th. Truist Financial lowered their price objective 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. Finally, Sanford C. Bernstein set a $26.00 price objective on Dine Brands Global in a research note on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price 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.