Universal Beteiligungs und Servicegesellschaft mbH Decreases Stock Position in DINE BRANDS GLOBAL, INC. (NYSE:DIN)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH significantly reduced its holdings in Dine Brands Global by 52.5%, owning 21,700 shares after selling 23,949 shares in the first quarter.
• Dine Brands reported earnings of $1.03 per share, missing estimates by $0.15, while quarterly revenue of $214.78 million also fell short of expectations of $216.19 million.
• The company's recent quarterly dividend of $0.51 per share represents an annual yield of 9.4%, with a dividend payout ratio of 56.51%.

Universal Beteiligungs und Servicegesellschaft mbH lowered its stake in shares of DINE BRANDS GLOBAL, INC. (NYSE:DIN - Free Report) by 52.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,700 shares of the restaurant operator's stock after selling 23,949 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.14% of DINE BRANDS GLOBAL worth $505,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. South Dakota Investment Council grew its stake in DINE BRANDS GLOBAL by 1.5% during the 1st quarter. South Dakota Investment Council now owns 178,363 shares of the restaurant operator's stock valued at $4,151,000 after acquiring an additional 2,600 shares in the last quarter. Kingsview Wealth Management LLC purchased a new stake in shares of DINE BRANDS GLOBAL in the 1st quarter valued at approximately $334,000. Mountain Hill Investment Partners Corp. grew its stake in shares of DINE BRANDS GLOBAL by 50.0% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 1,500 shares of the restaurant operator's stock valued at $35,000 after buying an additional 500 shares during the period. CWM LLC grew its stake in shares of DINE BRANDS GLOBAL by 215.5% in the 1st quarter. CWM LLC now owns 7,620 shares of the restaurant operator's stock valued at $177,000 after buying an additional 5,205 shares during the period. Finally, Olstein Capital Management L.P. grew its stake in shares of DINE BRANDS GLOBAL by 12.6% in the 1st quarter. Olstein Capital Management L.P. now owns 356,000 shares of the restaurant operator's stock valued at $8,284,000 after buying an additional 39,842 shares during the period. Hedge funds and other institutional investors own 92.83% of the company's stock.

DINE BRANDS GLOBAL Stock Down 7.6%

Shares of NYSE DIN traded down $1.66 during midday trading on Wednesday, hitting $20.15. The company had a trading volume of 744,166 shares, compared to its average volume of 577,896. DINE BRANDS GLOBAL, INC. has a twelve month low of $18.63 and a twelve month high of $37.44. The business has a 50-day simple moving average of $24.96 and a two-hundred day simple moving average of $24.57. The firm has a market capitalization of $314.94 million, a price-to-earnings ratio of 5.63 and a beta of 1.16.

DINE BRANDS GLOBAL (NYSE:DIN - Get Free Report) last announced its earnings results on Wednesday, August 6th. The restaurant operator reported $1.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.32). DINE BRANDS GLOBAL had a negative return on equity of 34.70% and a net margin of 6.69%. DINE BRANDS GLOBAL's revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.71 EPS. On average, equities analysts forecast that DINE BRANDS GLOBAL, INC. will post 5.84 EPS for the current year.

DINE BRANDS GLOBAL Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Friday, June 20th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date was Friday, June 20th. DINE BRANDS GLOBAL's payout ratio is presently 56.51%.

Wall Street Analyst Weigh In

DIN has been the subject of a number of research analyst reports. UBS Group lowered 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 report on Thursday, May 8th. Barclays increased their price objective on shares of DINE BRANDS GLOBAL from $21.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Truist Financial lowered their price objective on shares of 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, KeyCorp increased their price objective on shares of DINE BRANDS GLOBAL from $26.00 to $30.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. 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 currently has a consensus rating of "Hold" and an average target price of $26.86.

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.