Quadrature Capital Ltd Purchases 786 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Quadrature Capital Ltd increased its holdings in Dine Brands Global, Inc. (NYSE:DIN) by 6.4% during the 3rd quarter, Holdings Channel reports. The firm owned 13,042 shares of the restaurant operator’s stock after buying an additional 786 shares during the period. Quadrature Capital Ltd’s holdings in Dine Brands Global were worth $408,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Factorial Partners LLC increased its stake in shares of Dine Brands Global by 217.6% during the third quarter. Factorial Partners LLC now owns 104,816 shares of the restaurant operator’s stock valued at $3,273,000 after buying an additional 71,816 shares during the period. Clearline Capital LP increased its position in Dine Brands Global by 225.0% during the 2nd quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock valued at $4,510,000 after purchasing an additional 86,241 shares during the period. Olstein Capital Management L.P. raised its holdings in Dine Brands Global by 25.1% in the 3rd quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock worth $9,438,000 after purchasing an additional 60,605 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Dine Brands Global in the 3rd quarter worth about $765,000. Finally, Cubist Systematic Strategies LLC increased its position in shares of Dine Brands Global by 19.8% during the second quarter. Cubist Systematic Strategies LLC now owns 148,286 shares of the restaurant operator’s stock valued at $5,368,000 after buying an additional 24,556 shares during the period. Institutional investors own 92.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DIN. StockNews.com cut Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Wedbush reissued an “outperform” rating and set a $47.00 price objective on shares of Dine Brands Global in a research report on Friday, November 15th. Piper Sandler lowered their price target on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. KeyCorp cut their price objective on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. Finally, UBS Group lowered their target price on shares of Dine Brands Global from $51.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $44.71.

Dine Brands Global Stock Down 3.1 %

Shares of NYSE DIN opened at $31.43 on Tuesday. The firm has a market cap of $479.31 million, a P/E ratio of 5.23 and a beta of 1.73. Dine Brands Global, Inc. has a twelve month low of $28.25 and a twelve month high of $52.05. The company has a 50 day moving average of $32.66 and a 200 day moving average of $33.41.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.10. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The firm had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $198.40 million. During the same quarter in the previous year, the business earned $1.46 earnings per share. The company’s revenue was down 3.8% on a year-over-year basis. As a group, equities analysts expect that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 6.49%. The ex-dividend date of this dividend is Friday, December 20th. Dine Brands Global’s dividend payout ratio is currently 33.94%.

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.