Principal Financial Group Inc. Sells 4,392 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Principal Financial Group Inc. decreased its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN) by 5.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 76,043 shares of the restaurant operator’s stock after selling 4,392 shares during the period. Principal Financial Group Inc. owned approximately 0.49% of Dine Brands Global worth $2,753,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Quarry LP grew its holdings in shares of Dine Brands Global by 207.2% in the 4th quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 489 shares during the period. Headlands Technologies LLC grew its holdings in shares of Dine Brands Global by 438.7% in 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 during the period. Nisa Investment Advisors LLC grew its holdings in shares of Dine Brands Global by 3.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 20,189 shares of the restaurant operator’s stock valued at $742,000 after buying an additional 695 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Dine Brands Global by 30.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 746 shares during the period. Finally, Summit Securities Group LLC acquired a new position in shares of Dine Brands Global in the 2nd quarter valued at $35,000. Institutional investors own 92.83% of the company’s stock.

Dine Brands Global Price Performance

Dine Brands Global stock opened at $28.93 on Thursday. The firm has a 50-day moving average of $32.59 and a 200-day moving average of $39.20. Dine Brands Global, Inc. has a one year low of $28.25 and a one year high of $54.62. The company has a market cap of $445.67 million, a price-to-earnings ratio of 5.15 and a beta of 1.72.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.07. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. The company had revenue of $206.30 million during the quarter, compared to the consensus estimate of $210.46 million. During the same period in the prior year, the business posted $1.82 EPS. The company’s quarterly revenue was down 1.0% on a year-over-year basis. As a group, sell-side analysts expect that Dine Brands Global, Inc. will post 5.86 earnings per share for the current year.

Dine Brands Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 7.05%. Dine Brands Global’s payout ratio is 36.30%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. StockNews.com raised shares of Dine Brands Global from a “hold” rating to a “buy” rating in a report on Monday, September 2nd. UBS Group reduced their target price on shares of Dine Brands Global from $56.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Benchmark lowered shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Wedbush reduced their target price on shares of Dine Brands Global from $37.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Finally, Truist Financial reduced their target price on shares of Dine Brands Global from $71.00 to $66.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $48.86.

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.