41,959 Shares in Dine Brands Global, Inc. (NYSE:DIN) Purchased by Freestone Grove Partners LP

Freestone Grove Partners LP bought a new position in Dine Brands Global, Inc. (NYSE:DIN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 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.

Other institutional investors have also recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC lifted its position in shares of Dine Brands Global by 691.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 290,403 shares of the restaurant operator's stock worth $8,741,000 after buying an additional 253,688 shares during the period. AdvisorShares Investments LLC lifted its holdings in shares of Dine Brands Global by 243.1% during the fourth quarter. AdvisorShares Investments LLC now owns 5,074 shares of the restaurant operator's stock valued at $153,000 after acquiring an additional 3,595 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Dine Brands Global by 6.1% in the 4th 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 last quarter. Stifel Financial Corp grew its holdings in shares of Dine Brands Global by 45.9% in the 4th quarter. Stifel Financial Corp now owns 36,729 shares of the restaurant operator's stock worth $1,106,000 after purchasing an additional 11,556 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Dine Brands Global by 9.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the restaurant operator's stock worth $237,000 after purchasing an additional 692 shares in the last quarter. Institutional investors and hedge funds own 92.83% of the company's stock.

Dine Brands Global Stock Up 9.3 %

Shares of DIN stock traded up $1.90 on Thursday, reaching $22.28. The company had a trading volume of 381,377 shares, compared to its average volume of 587,968. The business's 50-day moving average is $22.31 and its 200 day moving average is $27.57. The stock has a market capitalization of $348.37 million, a PE ratio of 3.71 and a beta of 1.11. Dine Brands Global, Inc. has a one year low of $18.63 and a one year high of $45.69.

Dine Brands Global (NYSE:DIN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $1.03 earnings per share for the quarter, missing the consensus estimate 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 negative return on equity of 37.75% and a net margin of 11.31%. The business's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.33 EPS. On average, sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 9.16%. The ex-dividend date was Monday, March 17th. Dine Brands Global's dividend payout ratio (DPR) is presently 48.46%.

Wall Street Analyst Weigh In

DIN has been the topic of a number of research analyst reports. Wedbush decreased their price objective 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. Sanford C. Bernstein set a $26.00 target price on Dine Brands Global in a research note on Thursday, March 6th. Barclays lifted their price target 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. 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 research report on Thursday. Finally, Truist Financial lowered 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. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $26.86.

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.