Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Dine Brands Global, Inc. (NYSE:DIN)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Dine Brands Global, Inc. (NYSE:DIN - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 45,649 shares of the restaurant operator's stock, valued at approximately $1,374,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.30% of Dine Brands Global as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DIN. Rhumbline Advisers raised its holdings in shares of Dine Brands Global by 1.5% in 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 during the last quarter. South Dakota Investment Council raised its holdings in shares of Dine Brands Global by 6.2% in the fourth quarter. South Dakota Investment Council now owns 175,763 shares of the restaurant operator's stock valued at $5,290,000 after purchasing an additional 10,324 shares during the last quarter. Y Intercept Hong Kong Ltd raised its holdings in shares of Dine Brands Global by 31.8% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 9,431 shares of the restaurant operator's stock valued at $284,000 after purchasing an additional 2,278 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Dine Brands Global by 6.4% during the fourth quarter. Bank of New York Mellon Corp now owns 170,633 shares of the restaurant operator's stock worth $5,136,000 after buying an additional 10,248 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Dine Brands Global during the fourth quarter worth $415,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DIN has been the topic of a number of recent analyst reports. Wedbush lowered their target price on shares of Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. KeyCorp lowered 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 report on Thursday, May 8th. Truist Financial lowered their target price on shares of Dine Brands Global from $27.00 to $23.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Barclays boosted 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. Finally, UBS Group lowered their target price on shares of Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Dine Brands Global currently has a consensus rating of "Hold" and a consensus price target of $26.29.

Dine Brands Global Price Performance

DIN stock traded up $0.80 during midday trading on Friday, reaching $24.80. 355,174 shares of the company were exchanged, compared to its average volume of 595,046. The business has a 50-day moving average price of $21.93 and a two-hundred day moving average price of $26.30. Dine Brands Global, Inc. has a one year low of $18.63 and a one year high of $39.21. The firm has a market capitalization of $387.45 million, a price-to-earnings ratio of 4.13 and a beta of 1.18.

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). The business had revenue of $214.78 million during the quarter, compared to the consensus estimate of $216.19 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The company's revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.33 EPS. As a group, analysts anticipate that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Friday, June 20th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.23%. Dine Brands Global's payout ratio is presently 56.51%.

About Dine Brands Global

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.