Dine Brands Global, Inc. (NYSE:DIN) Shares Sold by LSV Asset Management

LSV Asset Management decreased its holdings in Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 659,092 shares of the restaurant operator's stock after selling 19,900 shares during the period. LSV Asset Management owned approximately 4.27% of Dine Brands Global worth $32,724,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Nisa Investment Advisors LLC increased its holdings in shares of Dine Brands Global by 10.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 23,076 shares of the restaurant operator's stock valued at $1,146,000 after purchasing an additional 2,213 shares during the last quarter. Harvest Investment Advisors LLC increased its stake in shares of Dine Brands Global by 9.7% in the 3rd quarter. Harvest Investment Advisors LLC now owns 25,810 shares of the restaurant operator's stock worth $1,276,000 after acquiring an additional 2,281 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Dine Brands Global by 127.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,254 shares of the restaurant operator's stock valued at $211,000 after acquiring an additional 2,381 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Dine Brands Global by 1.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 198,807 shares of the restaurant operator's stock valued at $9,831,000 after acquiring an additional 2,448 shares during the last quarter. Finally, Gotham Asset Management LLC grew its holdings in shares of Dine Brands Global by 37.6% in the third quarter. Gotham Asset Management LLC now owns 10,179 shares of the restaurant operator's stock valued at $503,000 after purchasing an additional 2,781 shares during the period. 92.83% of the stock is owned by hedge funds and other institutional investors.

Dine Brands Global Stock Up 1.5 %

NYSE:DIN traded up $0.66 on Monday, reaching $44.49. 356,920 shares of the company's stock were exchanged, compared to its average volume of 261,598. The firm has a market capitalization of $687.37 million, a price-to-earnings ratio of 7.14 and a beta of 1.68. Dine Brands Global, Inc. has a 52-week low of $42.00 and a 52-week high of $69.05. The business has a fifty day moving average of $45.69 and a 200-day moving average of $46.24.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced its earnings results on Wednesday, February 28th. The restaurant operator reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.28. The firm had revenue of $206.30 million for the quarter, compared to the consensus estimate of $206.24 million. Dine Brands Global had a net margin of 11.69% and a negative return on equity of 37.72%. The firm's revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 EPS. As a group, equities analysts anticipate that Dine Brands Global, Inc. will post 6.46 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Wednesday, March 20th were paid a dividend of $0.51 per share. The ex-dividend date was Tuesday, March 19th. This represents a $2.04 annualized dividend and a yield of 4.59%. Dine Brands Global's payout ratio is 32.74%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DIN. Barclays reduced their target price on shares of Dine Brands Global from $64.00 to $57.00 and set an "overweight" rating on the stock in a research note on Thursday, February 29th. Wedbush raised their target price on Dine Brands Global from $46.00 to $48.00 and gave the stock a "neutral" rating in a research note on Thursday, February 29th. Truist Financial upped their price target on Dine Brands Global from $70.00 to $74.00 and gave the company a "buy" rating in a research note on Thursday, February 29th. KeyCorp cut their price objective on Dine Brands Global from $57.00 to $52.00 and set an "overweight" rating for the company in a research report on Tuesday, April 9th. Finally, Benchmark increased their target price on shares of Dine Brands Global from $63.00 to $68.00 and gave the stock a "buy" rating in a research note on Monday, March 4th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $59.43.

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.