Barclays PLC Raises Stock Position in Dine Brands Global, Inc. (NYSE:DIN)

Barclays PLC grew its position in Dine Brands Global, Inc. (NYSE:DIN) by 135.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,946 shares of the restaurant operator’s stock after buying an additional 20,673 shares during the period. Barclays PLC’s holdings in Dine Brands Global were worth $1,123,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Dine Brands Global by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 349,949 shares of the restaurant operator’s stock valued at $10,932,000 after purchasing an additional 3,584 shares during the last quarter. Harvest Investment Advisors LLC grew its stake in shares of Dine Brands Global by 11.6% in the third quarter. Harvest Investment Advisors LLC now owns 32,591 shares of the restaurant operator’s stock valued at $1,018,000 after buying an additional 3,395 shares in the last quarter. XTX Topco Ltd raised its holdings in shares of Dine Brands Global by 115.9% in the 3rd quarter. XTX Topco Ltd now owns 23,513 shares of the restaurant operator’s stock valued at $734,000 after buying an additional 12,623 shares during the period. Jane Street Group LLC lifted its stake in Dine Brands Global by 229.1% during the 3rd quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator’s stock worth $7,799,000 after acquiring an additional 173,831 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new position in Dine Brands Global during the 3rd quarter valued at about $6,102,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Price Performance

NYSE DIN opened at $26.26 on Tuesday. The business has a 50 day moving average price of $31.95 and a 200 day moving average price of $32.00. The company has a market capitalization of $400.36 million, a P/E ratio of 4.37 and a beta of 1.75. Dine Brands Global, Inc. has a 1-year low of $25.68 and a 1-year high of $51.35.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.10. The business 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 37.75% and a net margin of 11.31%. The business’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.46 EPS. On average, research analysts expect that Dine Brands Global, Inc. will post 5.84 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, January 7th. Stockholders of record on Friday, December 20th were given a $0.51 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.04 annualized dividend and a dividend yield of 7.77%. Dine Brands Global’s dividend payout ratio is presently 33.94%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DIN. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. CL King downgraded Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. UBS Group reiterated a “neutral” rating and issued a $32.00 price objective (down previously from $44.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. Barclays restated an “equal weight” rating and set a $32.00 target price (down from $43.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. 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 report on Friday, October 4th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Dine Brands Global currently has an average rating of “Hold” and an average target price of $41.43.

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.