Seven Six Capital Management LLC Makes New Investment in Dine Brands Global, Inc. (NYSE:DIN)

Seven Six Capital Management LLC purchased a new stake in Dine Brands Global, Inc. (NYSE:DIN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 181,900 shares of the restaurant operator's stock, valued at approximately $5,475,000. Dine Brands Global comprises about 4.8% of Seven Six Capital Management LLC's investment portfolio, making the stock its 7th biggest position. Seven Six Capital Management LLC owned about 1.19% of Dine Brands Global at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cibc World Market Inc. raised its holdings in shares of Dine Brands Global by 640.6% in the 4th quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator's stock valued at $14,905,000 after buying an additional 428,319 shares during the period. Schonfeld Strategic Advisors LLC boosted its holdings in Dine Brands Global by 691.0% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 290,403 shares of the restaurant operator's stock valued at $8,741,000 after purchasing an additional 253,688 shares during the period. Victory Capital Management Inc. boosted its holdings in Dine Brands Global by 1,733.3% in the fourth quarter. Victory Capital Management Inc. now owns 132,073 shares of the restaurant operator's stock valued at $3,975,000 after purchasing an additional 124,869 shares during the period. Trexquant Investment LP purchased a new position in Dine Brands Global in the fourth quarter valued at $2,780,000. Finally, Lazard Asset Management LLC boosted its holdings in Dine Brands Global by 628.1% in the fourth quarter. Lazard Asset Management LLC now owns 103,827 shares of the restaurant operator's stock valued at $3,124,000 after purchasing an additional 89,567 shares during the period. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Dine Brands Global Stock Down 0.3%

DIN stock traded down $0.08 during trading on Tuesday, hitting $24.18. The company had a trading volume of 343,763 shares, compared to its average volume of 593,881. The firm has a market cap of $377.84 million, a PE ratio of 4.02 and a beta of 1.11. Dine Brands Global, Inc. has a 1-year low of $18.63 and a 1-year high of $43.07. The firm has a 50-day moving average price of $22.11 and a 200-day moving average price of $27.17.

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). Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The business had revenue of $214.78 million for the quarter, compared to analyst estimates of $216.19 million. During the same quarter in the previous year, the firm posted $1.33 EPS. The business's revenue for the quarter was up 4.1% on a year-over-year basis. Sell-side analysts anticipate that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Friday, June 20th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.44%. The ex-dividend date is Friday, June 20th. Dine Brands Global's dividend payout ratio is currently 56.51%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DIN. 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 report on Thursday, May 8th. Sanford C. Bernstein set a $26.00 price target on Dine Brands Global in a report on Thursday, March 6th. Barclays lifted their price target on Dine Brands Global from $21.00 to $24.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. UBS Group decreased their price target on Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, KeyCorp decreased their price target on Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $26.29.

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.