Freestone Grove Partners LP Invests $1.26 Million in Dine Brands Global, Inc. (NYSE:DIN)

Freestone Grove Partners LP acquired a new stake in Dine Brands Global, Inc. (NYSE:DIN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 41,959 shares of the restaurant operator's stock, valued at approximately $1,263,000. Freestone Grove Partners LP owned 0.28% 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 recently bought and sold shares of DIN. Rhumbline Advisers grew its holdings in shares of Dine Brands Global by 1.5% in the 4th quarter. Rhumbline Advisers now owns 24,006 shares of the restaurant operator's stock valued at $723,000 after buying an additional 362 shares during the period. Russell Investments Group Ltd. grew its stake in Dine Brands Global by 6.3% in the fourth quarter. Russell Investments Group Ltd. now owns 7,032 shares of the restaurant operator's stock valued at $212,000 after acquiring an additional 414 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Dine Brands Global by 9.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the restaurant operator's stock worth $237,000 after acquiring an additional 692 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Dine Brands Global by 6.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,046 shares of the restaurant operator's stock worth $453,000 after purchasing an additional 871 shares during the period. Finally, Mountain Hill Investment Partners Corp. bought a new position in shares of Dine Brands Global during the 4th quarter valued at about $30,000. 92.83% of the stock is owned by institutional investors.

Dine Brands Global Stock Performance

DIN traded down $0.37 on Tuesday, hitting $20.09. 864,504 shares of the company were exchanged, compared to its average volume of 586,230. The stock's fifty day moving average is $22.52 and its 200-day moving average is $27.68. The company has a market cap of $314.06 million, a PE ratio of 3.34 and a beta of 1.11. Dine Brands Global, Inc. has a 12 month low of $18.63 and a 12 month high of $45.69.

Dine Brands Global (NYSE:DIN - Get Free Report) last issued its earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $1.35 by ($0.48). Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The firm had revenue of $204.80 million for the quarter, compared to analyst estimates of $200.75 million. During the same quarter in the previous year, the firm posted $1.40 earnings per share. Dine Brands Global's quarterly revenue was down .7% on a year-over-year basis. As a group, equities research analysts expect that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were paid a $0.51 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.04 annualized dividend and a yield of 10.16%. Dine Brands Global's dividend payout ratio is 48.46%.

Analyst Upgrades and Downgrades

Several brokerages have commented on DIN. KeyCorp dropped their target price on shares of Dine Brands Global from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Barclays cut their price objective on shares of Dine Brands Global from $26.00 to $21.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Wedbush lowered their target price on Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Sanford C. Bernstein set a $26.00 price target on Dine Brands Global in a report on Thursday, March 6th. Finally, Truist Financial dropped their target price on Dine Brands Global from $37.00 to $27.00 and set a "hold" rating on the stock in a research report on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $28.29.

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.