Bank of America Corp DE Has $3.34 Million Holdings in Dine Brands Global, Inc. (NYSE:DIN)

Bank of America Corp DE trimmed its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 56.6% during the 4th quarter, according to 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 quarter. Bank of America Corp DE owned about 0.73% of Dine Brands Global worth $3,341,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cibc World Market Inc. lifted its holdings in Dine Brands Global by 640.6% in the 4th quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator's stock worth $14,905,000 after purchasing an additional 428,319 shares during the last quarter. Wealthfront Advisers LLC bought a new position in shares of Dine Brands Global in the fourth quarter valued at approximately $447,000. Proficio Capital Partners LLC acquired a new stake in shares of Dine Brands Global in the fourth quarter worth $415,000. South Dakota Investment Council lifted its stake in shares of Dine Brands Global by 6.2% in the fourth quarter. South Dakota Investment Council now owns 175,763 shares of the restaurant operator's stock worth $5,290,000 after buying an additional 10,324 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Dine Brands Global during the 4th quarter worth $503,000. 92.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DIN has been the subject of a number of research analyst reports. UBS Group cut their target price 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. KeyCorp cut their price objective on Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Sanford C. Bernstein set a $26.00 target price on Dine Brands Global in a research note on Thursday, March 6th. Barclays lifted their price target on 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. Finally, Truist Financial cut their price target on Dine Brands Global from $27.00 to $23.00 and set a "hold" rating for the company in a report on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $26.29.

Dine Brands Global Stock Up 4.6%

Dine Brands Global stock traded up $1.08 on Wednesday, hitting $24.66. The company's stock had a trading volume of 406,907 shares, compared to its average volume of 594,632. Dine Brands Global, Inc. has a one year low of $18.63 and a one year high of $39.23. The firm has a market cap of $385.34 million, a P/E ratio of 4.10 and a beta of 1.11. The company has a fifty day moving average price of $21.87 and a 200-day moving average price of $26.43.

Dine Brands Global (NYSE:DIN - Get Free Report) last released 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 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 company's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.33 earnings per share. Analysts anticipate that Dine Brands Global, Inc. will post 5.84 EPS for the current year.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $2.04 annualized dividend and a yield of 8.27%. Dine Brands Global's dividend payout ratio is currently 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.