Two Sigma Investments LP Acquires 42,870 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Two Sigma Investments LP increased its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 17.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 287,025 shares of the restaurant operator's stock after acquiring 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 reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DIN. Teza Capital Management LLC acquired a new stake in shares of Dine Brands Global during the 4th quarter worth about $229,000. Seven Six Capital Management LLC bought a new position in shares of Dine Brands Global in the fourth quarter valued at approximately $5,475,000. Man Group plc bought a new position in shares of Dine Brands Global in the fourth quarter valued at approximately $638,000. Lazard Asset Management LLC boosted its holdings in shares of Dine Brands Global by 628.1% in the 4th quarter. Lazard Asset Management LLC now owns 103,827 shares of the restaurant operator's stock worth $3,124,000 after acquiring an additional 89,567 shares in the last quarter. Finally, Gotham Asset Management LLC bought a new stake in Dine Brands Global during the 4th quarter worth approximately $262,000. Institutional investors own 92.83% of the company's stock.

Dine Brands Global Stock Up 0.5%

NYSE DIN traded up $0.12 on Thursday, reaching $24.56. The company had a trading volume of 187,652 shares, compared to its average volume of 652,742. Dine Brands Global, Inc. has a 52-week low of $18.63 and a 52-week high of $40.75. The company's fifty day moving average is $21.92 and its 200 day moving average is $26.78. The stock has a market capitalization of $383.77 million, a P/E ratio of 4.09 and a beta of 1.11.

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 the consensus estimate of $1.18 by ($0.15). The business had revenue of $214.78 million during the quarter, compared to the consensus estimate of $216.19 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The business's revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $1.33 EPS. On average, research analysts expect that Dine Brands Global, Inc. will post 5.84 EPS for the current year.

Dine Brands Global Announces Dividend

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 paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 8.31%. The ex-dividend date is Friday, June 20th. Dine Brands Global's dividend payout ratio (DPR) is 56.51%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wedbush lowered their price target on shares of Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Barclays boosted their price objective on shares of Dine Brands Global from $21.00 to $24.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. UBS Group decreased their target price on Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. KeyCorp reduced their price target 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. Finally, Sanford C. Bernstein set a $26.00 target price on Dine Brands Global in a research report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Dine Brands Global presently has an average rating of "Hold" and a consensus target price of $26.29.

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.