LSV Asset Management Raises Stock Position in Dine Brands Global, Inc. (NYSE:DIN)

LSV Asset Management increased its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 647,392 shares of the restaurant operator's stock after purchasing an additional 12,300 shares during the period. LSV Asset Management owned approximately 4.14% of Dine Brands Global worth $15,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in DIN. KLP Kapitalforvaltning AS purchased a new position in shares of Dine Brands Global during the fourth quarter worth $89,000. Prudential Financial Inc. purchased a new position in shares of Dine Brands Global during the fourth quarter worth $967,000. Geode Capital Management LLC raised its holdings in shares of 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 worth $10,644,000 after purchasing an additional 3,609 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Dine Brands Global during the fourth quarter worth $2,780,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Dine Brands Global during the fourth quarter worth $498,000. Hedge funds and other institutional investors own 92.83% of the company's stock.

Analyst Upgrades and Downgrades

DIN has been the topic of several analyst reports. Truist Financial dropped their price target 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. KeyCorp raised their price target on shares of Dine Brands Global from $26.00 to $30.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Barclays raised 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 report on Thursday, May 8th. Finally, UBS Group dropped their price target 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. Eight equities research 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.com, the company currently has a consensus rating of "Hold" and a consensus price target of $26.86.

Dine Brands Global Stock Up 0.2%

Shares of NYSE DIN opened at $21.81 on Tuesday. The company's 50-day simple moving average is $25.03 and its 200-day simple moving average is $24.63. Dine Brands Global, Inc. has a 52-week low of $18.63 and a 52-week high of $37.44. The firm has a market cap of $340.83 million, a price-to-earnings ratio of 6.04 and a beta of 1.16.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced 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 company had revenue of $214.78 million during the quarter, compared to analyst estimates of $216.19 million. During the same quarter last year, the business earned $1.33 EPS. The firm's revenue for the quarter was up 4.1% compared to the same quarter last year. Equities research analysts anticipate that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Friday, June 20th were given a $0.51 dividend. The ex-dividend date was Friday, June 20th. This represents a $2.04 annualized dividend and a dividend yield of 9.4%. Dine Brands Global's dividend payout ratio (DPR) is 56.51%.

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.

Want to see what other hedge funds are holding DIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dine Brands Global, Inc. (NYSE:DIN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.