Olstein Capital Management L.P. Increases Holdings in Dine Brands Global, Inc. (NYSE:DIN)

Olstein Capital Management L.P. raised its position in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 12.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 356,000 shares of the restaurant operator's stock after acquiring an additional 39,842 shares during the period. Dine Brands Global makes up approximately 1.5% of Olstein Capital Management L.P.'s investment portfolio, making the stock its 15th largest position. Olstein Capital Management L.P. owned about 2.28% of Dine Brands Global worth $8,284,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DIN. Mountain Hill Investment Partners Corp. bought a new position in Dine Brands Global during the fourth quarter worth about $30,000. Ancora Advisors LLC acquired a new stake in Dine Brands Global during the fourth quarter worth approximately $40,000. KLP Kapitalforvaltning AS acquired a new stake in Dine Brands Global during the fourth quarter worth approximately $89,000. GAMMA Investing LLC lifted its position in shares of Dine Brands Global by 5,126.3% during the 1st quarter. GAMMA Investing LLC now owns 6,167 shares of the restaurant operator's stock valued at $144,000 after acquiring an additional 6,049 shares during the period. Finally, AdvisorShares Investments LLC increased its position in shares of Dine Brands Global by 243.1% in the fourth quarter. AdvisorShares Investments LLC now owns 5,074 shares of the restaurant operator's stock worth $153,000 after purchasing an additional 3,595 shares during the period. Institutional investors and hedge funds own 92.83% of the company's stock.

Dine Brands Global Trading Up 0.9%

DIN stock traded up $0.25 during trading on Thursday, hitting $26.69. The company had a trading volume of 317,858 shares, compared to its average volume of 593,924. The business has a 50-day moving average of $22.18 and a 200-day moving average of $26.17. Dine Brands Global, Inc. has a one year low of $18.63 and a one year high of $39.21. The stock has a market cap of $417.06 million, a PE ratio of 4.44 and a beta of 1.18.

Dine Brands Global (NYSE:DIN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $1.03 EPS for the quarter, missing analysts' consensus estimates of $1.18 by ($0.15). Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The company had revenue of $214.78 million during the quarter, compared to analyst estimates of $216.19 million. During the same quarter in the previous year, the business posted $1.33 earnings per share. The company's revenue for the quarter was up 4.1% compared to the same quarter last year. Research analysts forecast that Dine Brands Global, Inc. will post 5.84 EPS for the current year.

Dine Brands Global Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 7.64%. The ex-dividend date is Friday, June 20th. Dine Brands Global's payout ratio is 56.51%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. KeyCorp reduced their price target on shares of 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. Wedbush cut their price objective on Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. UBS Group reduced their price objective 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. Truist Financial dropped their target price on Dine Brands Global from $27.00 to $23.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Finally, Barclays boosted their price target on Dine Brands Global from $21.00 to $24.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $26.29.

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.