Man Group plc Takes Position in Dine Brands Global, Inc. (NYSE:DIN)

Man Group plc bought a new position in Dine Brands Global, Inc. (NYSE:DIN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 21,186 shares of the restaurant operator's stock, valued at approximately $638,000. Man Group plc owned 0.14% of Dine Brands Global as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its position in shares of Dine Brands Global by 14.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 601,470 shares of the restaurant operator's stock worth $18,104,000 after purchasing an additional 74,387 shares in the last quarter. Cibc World Market Inc. grew its position 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 worth $14,905,000 after buying an additional 428,319 shares during the period. Geode Capital Management LLC increased its holdings in Dine Brands Global by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 353,558 shares of the restaurant operator's stock valued at $10,644,000 after buying an additional 3,609 shares in the last quarter. Olstein Capital Management L.P. lifted its position in shares of Dine Brands Global by 4.6% during the 4th quarter. Olstein Capital Management L.P. now owns 316,158 shares of the restaurant operator's stock valued at $9,516,000 after acquiring an additional 13,953 shares during the period. Finally, Schonfeld Strategic Advisors LLC increased its stake in Dine Brands Global by 691.0% in the 4th 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 in the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on DIN. Truist Financial cut 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. UBS Group reduced their price target on 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. 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 note on Thursday, May 8th. KeyCorp lowered their target price on Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Finally, Wedbush dropped their target price on shares of Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Dine Brands Global presently has a consensus rating of "Hold" and a consensus target price of $26.29.

Dine Brands Global Stock Up 0.7%

NYSE DIN traded up $0.17 during midday trading on Friday, hitting $24.59. The company had a trading volume of 63,431 shares, compared to its average volume of 649,172. The firm has a fifty day simple moving average of $21.91 and a two-hundred day simple moving average of $26.72. Dine Brands Global, Inc. has a fifty-two week low of $18.63 and a fifty-two week high of $40.75. The stock has a market cap of $384.20 million, a price-to-earnings ratio of 4.08 and a beta of 1.11.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.15). Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The business 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 company posted $1.33 EPS. The company's quarterly revenue was up 4.1% compared to the same quarter last year. As a group, equities analysts predict that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Friday, June 20th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $2.04 dividend on an annualized basis and a yield of 8.30%. Dine Brands Global's dividend payout ratio is 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.