Cwm LLC Sells 1,259 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Cwm LLC decreased its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN) by 37.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,072 shares of the restaurant operator’s stock after selling 1,259 shares during the period. Cwm LLC’s holdings in Dine Brands Global were worth $65,000 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. Summit Securities Group LLC bought a new position in Dine Brands Global in the second quarter worth approximately $35,000. Headlands Technologies LLC boosted its holdings in 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 acquiring an additional 623 shares in the last quarter. Quarry LP boosted its holdings in 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 acquiring an additional 567 shares in the last quarter. SG Americas Securities LLC bought a new position in Dine Brands Global in the second quarter worth approximately $111,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Dine Brands Global by 30.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock worth $117,000 after acquiring an additional 746 shares in the last quarter. Institutional investors own 92.83% of the company’s stock.

Wall Street Analyst Weigh In

DIN has been the subject of several analyst reports. StockNews.com raised Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Barclays lowered their price objective on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Truist Financial reissued a “hold” rating and issued a $37.00 price objective (down from $66.00) on shares of Dine Brands Global in a research note on Friday, October 4th. UBS Group lowered their price objective on 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. Finally, KeyCorp lowered their price objective on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.43.

Dine Brands Global Stock Down 1.6 %

NYSE DIN opened at $29.95 on Monday. The stock’s 50-day simple moving average is $31.18 and its two-hundred day simple moving average is $35.70. Dine Brands Global, Inc. has a twelve month low of $28.25 and a twelve month high of $53.26. The company has a market capitalization of $461.38 million, a price-to-earnings ratio of 5.33 and a beta of 1.71.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.71 EPS for the quarter, topping the consensus estimate of $1.64 by $0.07. The firm had revenue of $206.30 million for the quarter, compared to the consensus estimate 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 previous year, the business earned $1.82 earnings per share. On average, equities analysts expect that Dine Brands Global, Inc. will post 5.82 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 20th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $2.04 dividend on an annualized basis and a yield of 6.81%. Dine Brands Global’s dividend payout ratio is presently 36.30%.

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.