Marshall Wace LLP Acquires Shares of 16,700 Dine Brands Global, Inc. (NYSE:DIN)

Marshall Wace LLP bought a new position in Dine Brands Global, Inc. (NYSE:DIN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 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 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers lifted its position in Dine Brands Global by 1.5% during the fourth 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. lifted its position in Dine Brands Global by 6.3% during the 4th 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. Mountain Hill Investment Partners Corp. bought a new stake in Dine Brands Global during the fourth quarter worth about $30,000. Wells Fargo & Company MN grew its holdings in Dine Brands Global by 14.9% in the fourth quarter. Wells Fargo & Company MN now owns 10,140 shares of the restaurant operator's stock worth $305,000 after purchasing an additional 1,316 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its stake in shares of Dine Brands Global by 31.8% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 9,431 shares of the restaurant operator's stock valued at $284,000 after purchasing an additional 2,278 shares in the last quarter. Hedge funds and other institutional investors own 92.83% of the company's stock.

Dine Brands Global Stock Down 0.0 %

DIN opened at $20.48 on Friday. The stock has a market capitalization of $320.15 million, a price-to-earnings ratio of 3.41 and a beta of 1.44. The firm has a 50 day moving average price of $22.62 and a 200-day moving average price of $27.83. Dine Brands Global, Inc. has a twelve month low of $18.63 and a twelve month high of $45.69.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced 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 net margin of 11.31% and a negative return on equity of 37.75%. The company had revenue of $204.80 million for the quarter, compared to analysts' expectations of $200.75 million. During the same quarter in the prior 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, analysts expect that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 9.96%. The ex-dividend date was Monday, March 17th. Dine Brands Global's payout ratio is currently 48.46%.

Wall Street Analysts Forecast Growth

DIN has been the topic of several recent research reports. KeyCorp cut their price target 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. Wedbush reduced 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. 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. UBS Group decreased their target price on shares of Dine Brands Global from $32.00 to $25.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Finally, Sanford C. Bernstein set a $26.00 target price on shares of Dine Brands Global in a research note 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 stock. Based on data from MarketBeat, Dine Brands Global currently has a consensus rating of "Hold" and an average target price of $28.29.

Dine Brands Global Company 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.

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