Marshall Wace LLP Makes New $503,000 Investment in Dine Brands Global, Inc. (NYSE:DIN)

Marshall Wace LLP acquired a new stake in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 16,700 shares of the restaurant operator's stock, valued at approximately $503,000. Marshall Wace LLP owned approximately 0.11% of Dine Brands Global at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Rhumbline Advisers boosted its holdings in Dine Brands Global by 1.5% during the 4th quarter. Rhumbline Advisers now owns 24,006 shares of the restaurant operator's stock valued at $723,000 after acquiring an additional 362 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of 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 purchasing an additional 414 shares during the period. Mountain Hill Investment Partners Corp. acquired a new position in shares of Dine Brands Global in the fourth quarter valued at approximately $30,000. Wells Fargo & Company MN increased its stake in Dine Brands Global by 14.9% during the 4th quarter. Wells Fargo & Company MN now owns 10,140 shares of the restaurant operator's stock worth $305,000 after buying an additional 1,316 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its holdings in Dine Brands Global by 31.8% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 9,431 shares of the restaurant operator's stock worth $284,000 after buying an additional 2,278 shares in the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DIN has been the topic of several analyst reports. KeyCorp reduced their price objective on Dine Brands Global from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. UBS Group reduced their target price on shares of Dine Brands Global from $32.00 to $25.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Wedbush reduced 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. Barclays lowered their target price on shares of Dine Brands Global from $26.00 to $21.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, Truist Financial decreased their target price on Dine Brands Global from $27.00 to $23.00 and set a "hold" rating for the company in a research note on Thursday. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Dine Brands Global currently has an average rating of "Hold" and a consensus price target of $27.71.

Dine Brands Global Trading Up 7.0 %

Shares of Dine Brands Global stock traded up $1.42 during trading hours on Thursday, hitting $21.80. 205,815 shares of the company were exchanged, compared to its average volume of 677,854. The business has a 50-day moving average of $22.31 and a 200-day moving average of $27.57. Dine Brands Global, Inc. has a 1 year low of $18.63 and a 1 year high of $45.69. The stock has a market capitalization of $340.86 million, a price-to-earnings ratio of 3.63 and a beta of 1.11.

Dine Brands Global (NYSE:DIN - Get Free Report) last released its earnings results on Wednesday, May 7th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.15). The business had revenue of $214.78 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.33 EPS. As a group, research 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 business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 9.36%. The ex-dividend date was Monday, March 17th. Dine Brands Global's dividend payout ratio (DPR) is presently 48.46%.

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.