Nuveen Asset Management LLC Sells 23,866 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Nuveen Asset Management LLC lessened its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 17.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 109,340 shares of the restaurant operator's stock after selling 23,866 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.72% of Dine Brands Global worth $3,291,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DIN. Wealthfront Advisers LLC bought a new stake in shares of Dine Brands Global during the fourth quarter worth approximately $447,000. Proficio Capital Partners LLC bought a new stake in shares of Dine Brands Global in the fourth quarter valued at approximately $415,000. South Dakota Investment Council boosted 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 valued at $5,290,000 after buying an additional 10,324 shares during the period. Marshall Wace LLP bought a new stake in shares of Dine Brands Global in the fourth quarter valued at approximately $503,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Dine Brands Global by 8.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 190,145 shares of the restaurant operator's stock valued at $5,724,000 after buying an additional 14,958 shares during the period. Institutional investors and hedge funds own 92.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DIN. KeyCorp cut their target price on Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Truist Financial decreased their price objective 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. Barclays upped 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. UBS Group cut 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. Finally, Sanford C. Bernstein set a $26.00 price target on shares of Dine Brands Global in a research report on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Dine Brands Global presently has a consensus rating of "Hold" and a consensus price target of $26.29.

Dine Brands Global Price Performance

Shares of DIN stock traded down $0.67 on Thursday, reaching $24.00. 390,404 shares of the company were exchanged, compared to its average volume of 594,824. The company has a market cap of $374.99 million, a price-to-earnings ratio of 3.99 and a beta of 1.11. The company has a 50-day moving average of $21.90 and a 200-day moving average of $26.42. Dine Brands Global, Inc. has a one year low of $18.63 and a one year high of $39.21.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.15). The company had revenue of $214.78 million for the quarter, compared to the consensus estimate of $216.19 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. Dine Brands Global's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the company earned $1.33 EPS. As a group, sell-side analysts predict that Dine Brands Global, Inc. will post 5.84 EPS for the current year.

Dine Brands Global Dividend Announcement

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 given a $0.51 dividend. The ex-dividend date is Friday, June 20th. This represents a $2.04 annualized dividend and a yield of 8.50%. Dine Brands Global's payout ratio is 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.