Bank of New York Mellon Corp Buys 10,248 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Bank of New York Mellon Corp increased its stake in Dine Brands Global, Inc. (NYSE:DIN) by 6.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 170,633 shares of the restaurant operator’s stock after buying an additional 10,248 shares during the period. Bank of New York Mellon Corp’s holdings in Dine Brands Global were worth $5,136,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new stake in shares of Dine Brands Global in the third quarter worth $29,000. EMC Capital Management grew its position in Dine Brands Global by 2,570.0% during the 4th quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator’s stock valued at $88,000 after purchasing an additional 2,827 shares during the last quarter. Quarry LP increased its stake in Dine Brands Global by 36.3% during the 3rd quarter. Quarry LP now owns 3,130 shares of the restaurant operator’s stock valued at $98,000 after purchasing an additional 834 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in Dine Brands Global in the third quarter worth about $219,000. Finally, Victory Capital Management Inc. bought a new position in shares of Dine Brands Global in the third quarter worth approximately $225,000. Institutional investors own 92.83% of the company’s stock.

Dine Brands Global Stock Down 1.8 %

NYSE DIN opened at $24.46 on Tuesday. The firm has a market capitalization of $373.07 million, a P/E ratio of 4.07 and a beta of 1.85. The company has a 50-day moving average price of $27.24 and a 200-day moving average price of $30.10. Dine Brands Global, Inc. has a 52 week low of $22.36 and a 52 week high of $47.55.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.48). The business had revenue of $204.80 million for the quarter, compared to analysts’ expectations of $200.75 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $1.40 earnings per share. As a group, equities research analysts anticipate that Dine Brands Global, Inc. will post 5.84 EPS for the current year.

Dine Brands Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 8.34%. The ex-dividend date of this dividend is Monday, March 17th. Dine Brands Global’s dividend payout ratio is presently 48.46%.

Analysts Set New Price Targets

DIN has been the subject of several analyst reports. Truist Financial reduced their price target on shares of Dine Brands Global from $37.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, March 6th. Barclays decreased their price target on Dine Brands Global from $32.00 to $26.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th. UBS Group dropped their price objective on Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Wedbush reduced their price objective on Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Finally, KeyCorp lowered their target price on shares of Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.00.

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.