PharVision Advisers LLC Purchases Shares of 11,449 Dine Brands Global, Inc. (NYSE:DIN)

PharVision Advisers LLC acquired a new stake in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 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 quarter.

Several other hedge funds also recently made changes to their positions in DIN. Mountain Hill Investment Partners Corp. bought a new stake in Dine Brands Global during the fourth quarter worth approximately $30,000. Ancora Advisors LLC acquired a new stake in shares of Dine Brands Global during the 4th quarter valued at $40,000. EMC Capital Management lifted its position in shares of Dine Brands Global by 2,570.0% during the 4th quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator's stock valued at $88,000 after acquiring an additional 2,827 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Dine Brands Global during the 4th quarter worth $89,000. Finally, AdvisorShares Investments LLC grew its holdings in shares of Dine Brands Global by 243.1% in the 4th quarter. AdvisorShares Investments LLC now owns 5,074 shares of the restaurant operator's stock worth $153,000 after acquiring an additional 3,595 shares during the last quarter. Institutional investors and hedge funds own 92.83% of the company's stock.

Dine Brands Global Price Performance

Shares of DIN opened at $22.90 on Thursday. The business's 50-day moving average is $22.06 and its 200-day moving average is $27.12. The company has a market capitalization of $357.80 million, a price-to-earnings ratio of 3.81 and a beta of 1.11. Dine Brands Global, Inc. has a fifty-two week low of $18.63 and a fifty-two week high of $41.68.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced its quarterly earnings data 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 net margin of 11.31% and a negative return on equity of 37.75%. 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 previous year, the firm posted $1.33 earnings per share. The business's revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts expect that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders 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 dividend on an annualized basis and a yield of 8.91%. Dine Brands Global's dividend payout ratio (DPR) is currently 56.51%.

Analysts Set New Price Targets

DIN has been the subject of several analyst reports. Truist Financial reduced their target price 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. UBS Group reduced their price objective on shares of Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Wedbush decreased their target price on shares of Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. KeyCorp dropped their target price 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. 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Dine Brands Global currently has a consensus 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.

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