Dine Brands Global, Inc. (NYSE:DIN) Shares Sold by Bank of America Corp DE

Bank of America Corp DE decreased its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 56.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,003 shares of the restaurant operator's stock after selling 144,496 shares during the period. Bank of America Corp DE owned about 0.73% of Dine Brands Global worth $3,341,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership increased its stake in Dine Brands Global by 14.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 601,470 shares of the restaurant operator's stock valued at $18,104,000 after purchasing an additional 74,387 shares during the last quarter. Cibc World Market Inc. increased 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 valued at $14,905,000 after purchasing an additional 428,319 shares during the last quarter. Geode Capital Management LLC increased its stake in Dine Brands Global by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 353,558 shares of the restaurant operator's stock valued at $10,644,000 after purchasing an additional 3,609 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its stake in Dine Brands Global by 691.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 290,403 shares of the restaurant operator's stock valued at $8,741,000 after purchasing an additional 253,688 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Dine Brands Global by 8.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 190,145 shares of the restaurant operator's stock valued at $5,724,000 after purchasing an additional 14,958 shares during the last quarter. Institutional investors own 92.83% of the company's stock.

Wall Street Analyst Weigh In

DIN has been the subject of several recent research reports. Truist Financial lowered their target price on shares of Dine Brands Global from $27.00 to $23.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Wedbush lowered 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. Barclays boosted 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 report on Thursday, May 8th. 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. Finally, Sanford C. Bernstein set a $26.00 price target on shares of Dine Brands Global in a report on Thursday, March 6th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Dine Brands Global currently has a consensus rating of "Hold" and an average target price of $26.29.

Dine Brands Global Trading Down 1.1%

DIN stock traded down $0.27 during trading on Monday, hitting $23.79. The company had a trading volume of 289,932 shares, compared to its average volume of 594,639. The firm has a market capitalization of $371.74 million, a price-to-earnings ratio of 3.96 and a beta of 1.11. The business has a 50 day moving average of $21.90 and a 200 day moving average of $26.53. Dine Brands Global, Inc. has a fifty-two week low of $18.63 and a fifty-two week high of $40.75.

Dine Brands Global (NYSE:DIN - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $214.78 million during the quarter, compared to analyst estimates of $216.19 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The business's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.33 EPS. As a group, equities analysts predict that Dine Brands Global, Inc. will post 5.84 EPS for the current year.

Dine Brands Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Friday, June 20th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 8.58%. The ex-dividend date is Friday, June 20th. Dine Brands Global's payout ratio is currently 56.51%.

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.