Stifel Financial Corp Purchases 11,556 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Stifel Financial Corp increased its position in Dine Brands Global, Inc. (NYSE:DIN - Free Report) by 45.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,729 shares of the restaurant operator's stock after acquiring an additional 11,556 shares during the quarter. Stifel Financial Corp owned about 0.24% of Dine Brands Global worth $1,106,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Mountain Hill Investment Partners Corp. purchased a new position in Dine Brands Global during the 4th quarter valued at $30,000. EMC Capital Management raised its position in shares of Dine Brands Global by 2,570.0% during the fourth 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 during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Dine Brands Global in the 4th quarter worth about $89,000. Russell Investments Group Ltd. boosted its position in Dine Brands Global by 6.3% in the 4th quarter. Russell Investments Group Ltd. now owns 7,032 shares of the restaurant operator's stock valued at $212,000 after buying an additional 414 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in Dine Brands Global by 9.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the restaurant operator's stock valued at $237,000 after buying an additional 692 shares during the period. 92.83% of the stock is currently owned by institutional investors.

Dine Brands Global Stock Performance

Shares of NYSE:DIN traded up $0.01 on Wednesday, hitting $24.66. The stock had a trading volume of 132,197 shares, compared to its average volume of 590,867. The firm's 50 day moving average price is $22.24 and its 200-day moving average price is $27.37. The company has a market capitalization of $385.26 million, a price-to-earnings ratio of 4.10 and a beta of 1.11. 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 issued its quarterly earnings data 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 net margin of 11.31% and a negative return on equity of 37.75%. The business had revenue of $214.78 million during the quarter, compared to analyst estimates of $216.19 million. During the same quarter in the prior year, the firm posted $1.33 earnings per share. Dine Brands Global's revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, sell-side analysts predict that Dine Brands Global, Inc. will post 5.84 EPS for the current year.

Dine Brands Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Friday, June 20th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 8.27%. Dine Brands Global's dividend payout ratio (DPR) is presently 56.51%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. UBS Group decreased their price target on shares of Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Wedbush cut 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. Truist Financial reduced their price target on shares of Dine Brands Global from $27.00 to $23.00 and set a "hold" rating on the stock in a research note on Thursday, May 8th. Barclays upped their target price on shares of Dine Brands Global from $21.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. Finally, KeyCorp dropped their target price on shares of Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $26.29.

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.