Dine Brands Global, Inc. (NYSE:DIN) Position Trimmed by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 17.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of DIN. Lazard Asset Management LLC increased its holdings in Dine Brands Global by 628.1% in the 4th quarter. Lazard Asset Management LLC now owns 103,827 shares of the restaurant operator's stock valued at $3,124,000 after purchasing an additional 89,567 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Dine Brands Global in the fourth quarter valued at about $262,000. Deutsche Bank AG grew its stake in shares of Dine Brands Global by 694.0% in the fourth quarter. Deutsche Bank AG now owns 65,308 shares of the restaurant operator's stock valued at $1,966,000 after buying an additional 57,083 shares in the last quarter. CastleKnight Management LP raised its holdings in shares of Dine Brands Global by 19.0% during the 4th quarter. CastleKnight Management LP now owns 101,061 shares of the restaurant operator's stock valued at $3,042,000 after buying an additional 16,161 shares during the period. Finally, Centiva Capital LP lifted its position in Dine Brands Global by 10.7% during the 4th quarter. Centiva Capital LP now owns 21,636 shares of the restaurant operator's stock worth $651,000 after acquiring an additional 2,089 shares in the last quarter. Hedge funds and other institutional investors own 92.83% of the company's stock.

Dine Brands Global Stock Performance

Shares of NYSE:DIN traded down $0.60 during trading hours on Thursday, hitting $24.07. The stock had a trading volume of 42,059 shares, compared to its average volume of 592,450. Dine Brands Global, Inc. has a 1-year low of $18.63 and a 1-year high of $39.23. The firm has a market capitalization of $376.13 million, a price-to-earnings ratio of 4.00 and a beta of 1.11. The stock's fifty day simple moving average is $21.90 and its 200 day simple moving average is $26.42.

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 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 company had revenue of $214.78 million during the quarter, compared to the consensus estimate of $216.19 million. During the same quarter in the prior year, the company earned $1.33 EPS. The business's quarterly revenue was up 4.1% on a year-over-year basis. As a group, research analysts anticipate that Dine Brands Global, Inc. will post 5.84 EPS 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. Shareholders of record on Friday, June 20th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 8.47%. The ex-dividend date of this dividend is Friday, June 20th. Dine Brands Global's dividend payout ratio (DPR) is presently 56.51%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wedbush dropped their price target on shares of Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. KeyCorp reduced their price objective on Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Barclays increased 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 report on Thursday, May 8th. Sanford C. Bernstein set a $26.00 price target on shares of Dine Brands Global in a report on Thursday, March 6th. Finally, Truist Financial dropped 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 note on Thursday, May 8th. 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 has an average rating of "Hold" and an average price target of $26.29.

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.