Nordea Investment Management AB Has $4.85 Million Position in Dine Brands Global, Inc. (NYSE:DIN)

Nordea Investment Management AB grew its stake in Dine Brands Global, Inc. (NYSE:DIN) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 160,378 shares of the restaurant operator’s stock after purchasing an additional 6,324 shares during the period. Nordea Investment Management AB owned about 1.05% of Dine Brands Global worth $4,847,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Verition Fund Management LLC acquired a new stake in Dine Brands Global during the 3rd quarter worth approximately $765,000. Barclays PLC boosted its position in Dine Brands Global by 135.4% during the 3rd quarter. Barclays PLC now owns 35,946 shares of the restaurant operator’s stock worth $1,123,000 after buying an additional 20,673 shares during the period. Factorial Partners LLC boosted its position in Dine Brands Global by 217.6% during the 3rd quarter. Factorial Partners LLC now owns 104,816 shares of the restaurant operator’s stock worth $3,273,000 after buying an additional 71,816 shares during the period. Stifel Financial Corp acquired a new stake in Dine Brands Global during the 3rd quarter worth approximately $786,000. Finally, Clearline Capital LP boosted 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 worth $4,510,000 after buying an additional 86,241 shares during the period. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DIN has been the topic of several recent research reports. CL King downgraded shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Barclays reiterated an “equal weight” rating and set a $32.00 target price (down from $43.00) on shares of Dine Brands Global in a research report on Tuesday. Truist Financial restated a “hold” rating and set a $37.00 price target (down previously from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. Wedbush restated an “outperform” rating and set a $47.00 price target on shares of Dine Brands Global in a report on Friday, November 15th. Finally, UBS Group restated a “neutral” rating and set a $32.00 price target (down previously from $44.00) on shares of Dine Brands Global in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $41.43.

Dine Brands Global Stock Down 2.5 %

NYSE:DIN opened at $26.70 on Friday. The company has a fifty day moving average of $32.02 and a 200-day moving average of $32.14. The firm has a market capitalization of $407.07 million, a P/E ratio of 4.44 and a beta of 1.75. Dine Brands Global, Inc. has a twelve month low of $26.23 and a twelve month high of $51.35.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.10. The company had revenue of $195.00 million during the quarter, compared to analyst estimates of $198.40 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. Dine Brands Global’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 EPS. On average, analysts anticipate that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.04 annualized dividend and a dividend yield of 7.64%. 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.