Vanguard Group Inc. Has $97.64 Million Position in Dine Brands Global, Inc. (NYSE:DIN)

Vanguard Group Inc. trimmed its position in Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,974,474 shares of the restaurant operator's stock after selling 36,228 shares during the period. Vanguard Group Inc. owned about 12.79% of Dine Brands Global worth $97,638,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Harvest Investment Advisors LLC grew its holdings in shares of Dine Brands Global by 9.7% during the third quarter. Harvest Investment Advisors LLC now owns 25,810 shares of the restaurant operator's stock worth $1,276,000 after buying an additional 2,281 shares in the last quarter. Deutsche Bank AG grew its stake in Dine Brands Global by 22.5% during the 3rd quarter. Deutsche Bank AG now owns 7,859 shares of the restaurant operator's stock valued at $389,000 after acquiring an additional 1,441 shares in the last quarter. Creative Planning acquired a new stake in Dine Brands Global in the 3rd quarter valued at about $240,000. Sei Investments Co. raised its holdings in Dine Brands Global by 27.1% in the 3rd quarter. Sei Investments Co. now owns 30,799 shares of the restaurant operator's stock valued at $1,523,000 after acquiring an additional 6,558 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Dine Brands Global by 257.9% in the 3rd quarter. AQR Capital Management LLC now owns 22,112 shares of the restaurant operator's stock worth $1,093,000 after purchasing an additional 15,934 shares in the last quarter. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Truist Financial increased their price target on Dine Brands Global from $70.00 to $74.00 and gave the company a "buy" rating in a report on Thursday, February 29th. StockNews.com raised shares of Dine Brands Global from a "hold" rating to a "buy" rating in a research report on Friday, March 1st. Wedbush raised their price objective on shares of Dine Brands Global from $46.00 to $48.00 and gave the stock a "neutral" rating in a research report on Thursday, February 29th. KeyCorp boosted their target price on shares of Dine Brands Global from $55.00 to $57.00 and gave the company an "overweight" rating in a report on Friday, December 15th. Finally, Benchmark increased their price target on shares of Dine Brands Global from $63.00 to $68.00 and gave the company a "buy" rating in a research note on Monday, March 4th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Dine Brands Global currently has an average rating of "Moderate Buy" and a consensus target price of $60.14.

Dine Brands Global Trading Down 2.0 %

NYSE:DIN traded down $0.89 during midday trading on Friday, reaching $43.20. The company had a trading volume of 501,404 shares, compared to its average volume of 250,468. Dine Brands Global, Inc. has a 12-month low of $42.00 and a 12-month high of $70.32. The stock's fifty day simple moving average is $46.43 and its 200-day simple moving average is $47.14. The firm has a market capitalization of $667.44 million, a price-to-earnings ratio of 6.93 and a beta of 1.67.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The restaurant operator reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.28. Dine Brands Global had a negative return on equity of 37.72% and a net margin of 11.69%. The firm had revenue of $206.30 million during the quarter, compared to the consensus estimate of $206.24 million. During the same period in the prior year, the company posted $1.34 earnings per share. The firm's quarterly revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts expect that Dine Brands Global, Inc. will post 6.47 EPS for the current year.

Dine Brands Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Wednesday, March 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 4.72%. The ex-dividend date is Tuesday, March 19th. Dine Brands Global's dividend payout ratio (DPR) is currently 32.74%.

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.