LSV Asset Management Has $15.07 Million Holdings in Dine Brands Global, Inc. (NYSE:DIN)

Key Points

• LSV Asset Management increased its stake in DINE BRANDS GLOBAL by 1.9%, owning approximately 4.14% of the company, equivalent to $15.07 million, after purchasing additional shares in Q1.
• DINE BRANDS GLOBAL reported a quarterly earnings miss with an EPS of $1.03, falling short of the expected $1.18, despite a 4.1% increase in quarterly revenue year-over-year.
• The company declared a quarterly dividend of $0.51 per share, yielding 9.3% annually, with a payout ratio of 56.51%.

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DIN. South Dakota Investment Council grew its holdings in shares of Dine Brands Global by 1.5% during the 1st quarter. South Dakota Investment Council now owns 178,363 shares of the restaurant operator's stock worth $4,151,000 after purchasing an additional 2,600 shares during the period. Kingsview Wealth Management LLC acquired a new position in shares of Dine Brands Global in the 1st quarter valued at approximately $334,000. Mountain Hill Investment Partners Corp. raised its position in shares of Dine Brands Global by 50.0% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 1,500 shares of the restaurant operator's stock valued at $35,000 after acquiring an additional 500 shares in the last quarter. CWM LLC raised its position in shares of Dine Brands Global by 215.5% during the 1st quarter. CWM LLC now owns 7,620 shares of the restaurant operator's stock valued at $177,000 after acquiring an additional 5,205 shares in the last quarter. Finally, Olstein Capital Management L.P. raised its position in shares of Dine Brands Global by 12.6% during the 1st quarter. Olstein Capital Management L.P. now owns 356,000 shares of the restaurant operator's stock valued at $8,284,000 after acquiring an additional 39,842 shares in the last quarter. Hedge funds and other institutional investors own 92.83% of the company's stock.

Dine Brands Global Trading Up 3.3%

DIN stock traded up $0.69 during trading hours on Friday, hitting $21.58. 419,597 shares of the stock traded hands, compared to its average volume of 580,163. The stock has a 50-day simple moving average of $24.80 and a 200 day simple moving average of $24.50. Dine Brands Global, Inc. has a one year low of $18.63 and a one year high of $37.44. The company has a market cap of $337.19 million, a P/E ratio of 7.17 and a beta of 1.16.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced its earnings results on Wednesday, August 6th. The restaurant operator reported $1.17 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.32). Dine Brands Global had a net margin of 5.40% and a negative return on equity of 31.66%. The company had revenue of $230.78 million for the quarter, compared to analysts' expectations of $222.69 million. During the same period in the prior year, the company earned $1.71 earnings per share. The company's revenue for the quarter was up 11.9% on a year-over-year basis. Analysts forecast that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Friday, June 20th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend was Friday, June 20th. Dine Brands Global's dividend payout ratio is presently 68.00%.

Analysts Set New Price Targets

A number of brokerages recently commented on DIN. UBS Group lowered their price objective 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. Truist Financial lowered their price objective on 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. KeyCorp lowered their price objective on Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, Barclays decreased their price target on Dine Brands Global from $24.00 to $22.00 and set an "equal weight" rating for the company in a research note on Thursday. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $26.00.

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.