Kingsview Wealth Management LLC bought a new stake in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,346 shares of the restaurant operator's stock, valued at approximately $334,000. Kingsview Wealth Management LLC owned approximately 0.09% of Dine Brands Global as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Ancora Advisors LLC purchased a new position in Dine Brands Global during the fourth quarter valued at $40,000. Mountain Hill Investment Partners Corp. lifted its holdings in shares of Dine Brands Global by 50.0% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 1,500 shares of the restaurant operator's stock worth $35,000 after acquiring an additional 500 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Dine Brands Global during the 4th quarter valued at about $89,000. AdvisorShares Investments LLC lifted its holdings in Dine Brands Global by 243.1% during the 4th quarter. AdvisorShares Investments LLC now owns 5,074 shares of the restaurant operator's stock valued at $153,000 after buying an additional 3,595 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Dine Brands Global by 5,126.3% during the 1st quarter. GAMMA Investing LLC now owns 6,167 shares of the restaurant operator's stock valued at $144,000 after buying an additional 6,049 shares in the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.
Dine Brands Global Stock Performance
Shares of DIN traded up $0.19 during trading hours on Friday, hitting $24.51. The stock had a trading volume of 313,184 shares, compared to its average volume of 349,391. The firm has a 50-day moving average price of $25.09 and a 200 day moving average price of $24.78. Dine Brands Global, Inc. has a fifty-two week low of $18.63 and a fifty-two week high of $37.44. The firm has a market capitalization of $383.14 million, a price-to-earnings ratio of 6.79 and a beta of 1.18.
Dine Brands Global (NYSE:DIN - Get Free Report) last posted its 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). Dine Brands Global had a net margin of 6.69% and a negative return on equity of 34.70%. The firm had revenue of $214.78 million during the quarter, compared to analyst estimates of $216.19 million. During the same quarter in the prior year, the firm earned $1.33 earnings per share. The business's revenue for the quarter was up 4.1% on a year-over-year basis. As a group, analysts predict that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.
Dine Brands Global Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Friday, June 20th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 8.32%. The ex-dividend date was Friday, June 20th. Dine Brands Global's payout ratio is 56.51%.
Analyst Upgrades and Downgrades
A number of research firms have commented on DIN. UBS Group cut 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 report on Thursday, May 8th. KeyCorp lifted their price objective on shares of Dine Brands Global from $26.00 to $30.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Truist Financial cut their price objective on shares of Dine Brands Global from $27.00 to $23.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Finally, Barclays boosted their target price on shares of 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. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $26.86.
Check Out Our Latest Analysis on DIN
Dine Brands Global Profile
(
Free Report)
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.
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