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

Olstein Capital Management L.P. grew 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 13F filing with the SEC. The fund owned 356,000 shares of the restaurant operator's stock after buying an additional 39,842 shares during the quarter. Dine Brands Global accounts for 1.5% of Olstein Capital Management L.P.'s investment portfolio, making the stock its 15th largest holding. Olstein Capital Management L.P. owned 2.28% of Dine Brands Global worth $8,284,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in DIN. Mountain Hill Investment Partners Corp. purchased a new position in Dine Brands Global in the fourth quarter worth $30,000. Ancora Advisors LLC purchased a new position in Dine Brands Global during the 4th quarter valued at about $40,000. KLP Kapitalforvaltning AS purchased a new position in Dine Brands Global during the 4th quarter valued at about $89,000. GAMMA Investing LLC raised its position in Dine Brands Global by 5,126.3% during the first quarter. GAMMA Investing LLC now owns 6,167 shares of the restaurant operator's stock worth $144,000 after acquiring an additional 6,049 shares during the last quarter. Finally, AdvisorShares Investments LLC lifted its holdings 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 valued at $153,000 after purchasing an additional 3,595 shares in the last quarter. Institutional investors and hedge funds own 92.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DIN shares. UBS Group cut their price objective on Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Wedbush dropped their price target on Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. 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. KeyCorp decreased 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. Finally, Sanford C. Bernstein set a $26.00 price objective on Dine Brands Global in a research report on Thursday, March 6th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $26.29.

Dine Brands Global Stock Up 0.8%

Shares of DIN stock traded up $0.20 during trading hours on Wednesday, hitting $26.56. 201,876 shares of the company were exchanged, compared to its average volume of 593,703. The firm has a fifty day moving average of $22.07 and a 200 day moving average of $26.17. Dine Brands Global, Inc. has a 1 year low of $18.63 and a 1 year high of $39.21. The firm has a market cap of $415.00 million, a PE ratio of 4.41 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 earnings per share 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 for the quarter, compared to analysts' expectations of $216.19 million. During the same period in the prior year, the business earned $1.33 EPS. The business's revenue for the quarter was up 4.1% on a year-over-year basis. Analysts expect that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, June 20th. This represents a $2.04 annualized dividend and a yield of 7.68%. Dine Brands Global's dividend payout ratio is presently 56.51%.

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.