25,173 Shares in Dine Brands Global, Inc. (NYSE:DIN) Purchased by Stifel Financial Corp

Stifel Financial Corp purchased a new stake in Dine Brands Global, Inc. (NYSE:DIN) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 25,173 shares of the restaurant operator’s stock, valued at approximately $786,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Quarry LP raised its stake in shares of Dine Brands Global by 32.8% during the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock worth $83,000 after purchasing an additional 567 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Dine Brands Global by 30.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 746 shares during the period. Quadrature Capital Ltd raised its position in Dine Brands Global by 6.4% during the 3rd quarter. Quadrature Capital Ltd now owns 13,042 shares of the restaurant operator’s stock worth $408,000 after buying an additional 786 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Dine Brands Global in the 3rd quarter worth $29,000. Finally, Public Sector Pension Investment Board boosted its holdings in shares of Dine Brands Global by 5.0% in the second quarter. Public Sector Pension Investment Board now owns 33,879 shares of the restaurant operator’s stock valued at $1,226,000 after acquiring an additional 1,601 shares in the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

Dine Brands Global Trading Up 1.3 %

Shares of NYSE DIN opened at $29.92 on Wednesday. The business has a 50 day simple moving average of $32.51 and a 200-day simple moving average of $32.85. Dine Brands Global, Inc. has a twelve month low of $28.25 and a twelve month high of $51.35. The company has a market capitalization of $456.16 million, a price-to-earnings ratio of 4.98 and a beta of 1.73.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, beating the consensus estimate of $1.34 by $0.10. The business 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%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.46 EPS. As a group, equities analysts predict that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 6.82%. The ex-dividend date is Friday, December 20th. Dine Brands Global’s payout ratio is currently 33.94%.

Analysts Set New Price Targets

DIN has been the topic of several recent analyst reports. Barclays boosted their target price on Dine Brands Global from $38.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Piper Sandler reduced their target price on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, November 18th. KeyCorp lowered their price target on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. Finally, CL King downgraded shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $44.71.

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.