11,449 Shares in Dine Brands Global, Inc. (NYSE:DIN) Acquired by PharVision Advisers LLC

PharVision Advisers LLC purchased a new position in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,449 shares of the restaurant operator's stock, valued at approximately $345,000. PharVision Advisers LLC owned approximately 0.08% of Dine Brands Global at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DIN. Nisa Investment Advisors LLC grew its holdings in Dine Brands Global by 50.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 29,686 shares of the restaurant operator's stock worth $909,000 after purchasing an additional 9,910 shares during the period. Olstein Capital Management L.P. increased its stake in 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 worth $9,516,000 after acquiring an additional 13,953 shares during the period. EMC Capital Management increased its position in shares of Dine Brands Global by 2,570.0% in the fourth quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator's stock worth $88,000 after purchasing an additional 2,827 shares during the period. Cibc World Market Inc. raised its position in shares of Dine Brands Global by 640.6% in the 4th quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator's stock valued at $14,905,000 after buying an additional 428,319 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Dine Brands Global by 1.5% during the fourth quarter. Rhumbline Advisers now owns 24,006 shares of the restaurant operator's stock valued at $723,000 after purchasing an additional 362 shares in the last quarter. Institutional investors and hedge funds own 92.83% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on DIN. Barclays increased their price objective on shares of Dine Brands Global from $21.00 to $24.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Sanford C. Bernstein set a $26.00 price objective on shares of Dine Brands Global in a research note on Thursday, March 6th. Truist Financial decreased their target price on 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 shares of Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, KeyCorp decreased their price objective on Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Dine Brands Global has a consensus rating of "Hold" and an average target price of $26.29.

Dine Brands Global Price Performance

Shares of NYSE DIN traded up $1.13 during trading on Tuesday, hitting $24.24. The stock had a trading volume of 83,219 shares, compared to its average volume of 594,161. The firm has a fifty day moving average of $21.94 and a two-hundred day moving average of $26.81. The company has a market capitalization of $378.70 million, a PE ratio of 4.03 and a beta of 1.11. Dine Brands Global, Inc. has a 12 month low of $18.63 and a 12 month high of $40.75.

Dine Brands Global (NYSE:DIN - Get Free Report) last issued 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). The business 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%. The business's revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 earnings per share. On average, equities analysts expect that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Friday, June 20th will be paid a $0.51 dividend. The ex-dividend date is Friday, June 20th. This represents a $2.04 annualized dividend and a yield of 8.42%. Dine Brands Global's payout ratio is 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.