13,030 Shares in Dine Brands Global, Inc. (NYSE:DIN) Purchased by Olympiad Research LP

Olympiad Research LP acquired a new position in Dine Brands Global, Inc. (NYSE:DIN) in the 3rd quarter, HoldingsChannel reports. The fund acquired 13,030 shares of the restaurant operator’s stock, valued at approximately $407,000.

Several other large investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC grew its holdings in Dine Brands Global by 438.7% during the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 623 shares in the last quarter. Summit Securities Group LLC purchased a new position in Dine Brands Global during the 2nd quarter valued at about $35,000. Quarry LP grew its holdings in Dine Brands Global by 32.8% during the 2nd quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock valued at $83,000 after buying an additional 567 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Dine Brands Global during the 1st quarter valued at about $132,000. Finally, EMC Capital Management purchased a new position in Dine Brands Global during the 1st quarter valued at about $137,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Dine Brands Global Price Performance

NYSE:DIN opened at $35.25 on Friday. The business has a 50 day moving average of $31.07 and a 200 day moving average of $35.04. The company has a market capitalization of $539.33 million, a price-to-earnings ratio of 5.91 and a beta of 1.71. Dine Brands Global, Inc. has a 1-year low of $28.25 and a 1-year high of $52.05.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. The company had revenue of $195.00 million during the quarter, compared to the consensus estimate of $198.40 million. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. Dine Brands Global’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 EPS. As a group, sell-side analysts anticipate that Dine Brands Global, Inc. will post 5.77 EPS for the current year.

Dine Brands Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were paid a $0.51 dividend. The ex-dividend date was Friday, September 20th. This represents a $2.04 dividend on an annualized basis and a yield of 5.79%. Dine Brands Global’s dividend payout ratio (DPR) is currently 34.23%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. KeyCorp reduced their target price on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, October 18th. UBS Group reduced their target price on Dine Brands Global from $51.00 to $44.00 and set a “buy” rating for the company in a report on Thursday. CL King downgraded Dine Brands Global from a “buy” rating to a “neutral” rating in a research report on Monday. Wedbush reiterated an “outperform” rating and set a $47.00 price target on shares of Dine Brands Global in a research report on Thursday. Finally, Truist Financial reiterated a “hold” rating and set a $37.00 price target (down previously from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $46.14.

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.