Graham Capital Management L.P. Has $1.28 Million Holdings in Dine Brands Global, Inc. (NYSE:DIN)

Graham Capital Management L.P. lowered its position in Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 35.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,485 shares of the restaurant operator's stock after selling 23,672 shares during the period. Graham Capital Management L.P. owned approximately 0.28% of Dine Brands Global worth $1,279,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Deutsche Bank AG raised its stake in Dine Brands Global by 694.0% in the 4th quarter. Deutsche Bank AG now owns 65,308 shares of the restaurant operator's stock valued at $1,966,000 after purchasing an additional 57,083 shares during the last quarter. CastleKnight Management LP grew its holdings in Dine Brands Global by 19.0% in the 4th quarter. CastleKnight Management LP now owns 101,061 shares of the restaurant operator's stock valued at $3,042,000 after buying an additional 16,161 shares in the last quarter. Centiva Capital LP grew its holdings in Dine Brands Global by 10.7% in the 4th quarter. Centiva Capital LP now owns 21,636 shares of the restaurant operator's stock valued at $651,000 after buying an additional 2,089 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in Dine Brands Global in the 4th quarter valued at $430,000. Finally, BNP Paribas Financial Markets grew its holdings in Dine Brands Global by 96.5% in the 4th quarter. BNP Paribas Financial Markets now owns 17,217 shares of the restaurant operator's stock valued at $518,000 after buying an additional 8,456 shares in the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

Dine Brands Global Stock Performance

Dine Brands Global stock traded up $0.25 during trading on Friday, hitting $24.95. The company's stock had a trading volume of 497,061 shares, compared to its average volume of 594,582. The stock has a market capitalization of $389.85 million, a price-to-earnings ratio of 4.15 and a beta of 1.11. The stock's fifty day moving average is $22.15 and its 200 day moving average is $27.21. Dine Brands Global, Inc. has a 1-year low of $18.63 and a 1-year high of $43.63.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $1.03 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.15). Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The firm had revenue of $214.78 million for the quarter, compared to analyst estimates of $216.19 million. During the same quarter in the prior year, the company earned $1.33 earnings per share. The business's revenue was up 4.1% compared to the same quarter last year. On average, research analysts anticipate that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Friday, June 20th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.18%. The ex-dividend date is Friday, June 20th. Dine Brands Global's payout ratio is 56.51%.

Wall Street Analyst Weigh In

DIN has been the subject of several analyst reports. KeyCorp dropped their target price on Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. UBS Group lowered their price target on Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Truist Financial lowered their price target 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. Sanford C. Bernstein set a $26.00 price target on Dine Brands Global in a report on Thursday, March 6th. Finally, Wedbush lowered their price target 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. Eight equities 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, Dine Brands Global currently has a consensus rating of "Hold" and a consensus target price of $26.29.

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.