SG Americas Securities LLC Increases Holdings in Dine Brands Global, Inc. (NYSE:DIN)

SG Americas Securities LLC increased its position in Dine Brands Global, Inc. (NYSE:DIN) by 56.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,819 shares of the restaurant operator’s stock after buying an additional 1,748 shares during the period. SG Americas Securities LLC’s holdings in Dine Brands Global were worth $150,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC lifted its position in shares of Dine Brands Global by 438.7% in the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after buying an additional 623 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Dine Brands Global in the second quarter worth about $35,000. Quarry LP lifted its position in shares of Dine Brands Global by 32.8% in the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock worth $83,000 after buying an additional 567 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Dine Brands Global in the first quarter worth about $132,000. Finally, EMC Capital Management purchased a new stake in shares of Dine Brands Global in the first quarter worth about $137,000. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DIN has been the topic of a number of recent research reports. StockNews.com upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Wedbush upgraded Dine Brands Global from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $34.00 to $47.00 in a research report on Tuesday, October 1st. KeyCorp decreased their price objective on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, October 18th. UBS Group decreased their price objective on Dine Brands Global from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Barclays decreased their price objective on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $46.43.

Dine Brands Global Stock Performance

DIN opened at $30.47 on Friday. The stock has a market cap of $469.31 million, a price-to-earnings ratio of 5.42 and a beta of 1.71. The stock’s 50 day moving average price is $31.23 and its 200-day moving average price is $35.86. Dine Brands Global, Inc. has a one year low of $28.25 and a one year high of $53.26.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.07. The firm had revenue of $206.30 million for the quarter, compared to analysts’ expectations of $210.46 million. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.82 earnings per share. As a group, analysts predict that Dine Brands Global, Inc. will post 5.83 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 20th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $2.04 annualized dividend and a yield of 6.70%. Dine Brands Global’s dividend payout ratio (DPR) is currently 36.30%.

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.