Dine Brands Global, Inc. (NYSE:DIN) Shares Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC grew its stake in shares of Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 691.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 290,403 shares of the restaurant operator's stock after acquiring an additional 253,688 shares during the quarter. Schonfeld Strategic Advisors LLC owned about 1.90% of Dine Brands Global worth $8,741,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Mountain Hill Investment Partners Corp. purchased a new position in shares of Dine Brands Global during the 4th quarter worth $30,000. KLP Kapitalforvaltning AS purchased a new position in Dine Brands Global in the 4th quarter worth approximately $89,000. EMC Capital Management grew its holdings in Dine Brands Global by 2,570.0% during the 4th quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator's stock valued at $88,000 after buying an additional 2,827 shares in the last quarter. AdvisorShares Investments LLC raised its position in shares of Dine Brands Global by 243.1% during the fourth quarter. AdvisorShares Investments LLC now owns 5,074 shares of the restaurant operator's stock valued at $153,000 after buying an additional 3,595 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings 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 worth $212,000 after buying an additional 414 shares in the last quarter. Institutional investors own 92.83% of the company's stock.

Analysts Set New Price Targets

DIN has been the topic of several analyst reports. Truist Financial reduced their price objective on Dine Brands Global from $37.00 to $27.00 and set a "hold" rating on the stock in a research note on Thursday, March 6th. Sanford C. Bernstein set a $26.00 price objective on Dine Brands Global in a research report on Thursday, March 6th. Wedbush lowered their target price on shares of Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Barclays lowered their price target on Dine Brands Global from $26.00 to $21.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, UBS Group lowered their price objective on Dine Brands Global from $32.00 to $25.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $28.29.

Dine Brands Global Price Performance

Shares of DIN traded down $0.42 during midday trading on Tuesday, reaching $20.04. The stock had a trading volume of 220,639 shares, compared to its average volume of 583,728. Dine Brands Global, Inc. has a 1-year low of $18.63 and a 1-year high of $45.69. The company has a market cap of $313.35 million, a price-to-earnings ratio of 3.33 and a beta of 1.11. The company's fifty day simple moving average is $22.52 and its two-hundred day simple moving average is $27.68.

Dine Brands Global (NYSE:DIN - Get Free Report) last issued its quarterly 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 negative return on equity of 37.75% and a net margin of 11.31%. The business had revenue of $204.80 million for the quarter, compared to analyst estimates of $200.75 million. During the same quarter in the prior year, the company earned $1.40 EPS. The firm's revenue for the quarter was down .7% on a year-over-year basis. On average, sell-side analysts forecast that Dine Brands Global, Inc. will post 5.84 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 4th. Shareholders of record on Monday, March 17th were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.04 annualized dividend and a dividend yield of 10.18%. Dine Brands Global's dividend payout ratio (DPR) is currently 48.46%.

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.