LSV Asset Management Trims Position in Dine Brands Global, Inc. (NYSE:DIN)

LSV Asset Management reduced its position in Dine Brands Global, Inc. (NYSE:DIN) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 659,092 shares of the restaurant operator’s stock after selling 19,900 shares during the quarter. LSV Asset Management owned about 4.27% of Dine Brands Global worth $32,724,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Semanteon Capital Management LP purchased a new position in shares of Dine Brands Global in the 4th quarter worth $1,115,000. South Dakota Investment Council raised its position in shares of Dine Brands Global by 18.0% in the 4th quarter. South Dakota Investment Council now owns 61,563 shares of the restaurant operator’s stock worth $3,057,000 after buying an additional 9,394 shares during the period. Harbor Advisors LLC acquired a new stake in Dine Brands Global in the 4th quarter valued at $223,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Dine Brands Global by 127.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,254 shares of the restaurant operator’s stock valued at $211,000 after purchasing an additional 2,381 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in Dine Brands Global in the 4th quarter valued at $387,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

Dine Brands Global Stock Performance

NYSE:DIN opened at $43.83 on Monday. The company has a market capitalization of $677.17 million, a price-to-earnings ratio of 7.04 and a beta of 1.68. Dine Brands Global, Inc. has a one year low of $42.00 and a one year high of $69.05. The stock has a 50-day simple moving average of $45.72 and a 200 day simple moving average of $46.29.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, February 28th. The restaurant operator reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.28. Dine Brands Global had a negative return on equity of 37.72% and a net margin of 11.69%. The business had revenue of $206.30 million during the quarter, compared to the consensus estimate of $206.24 million. During the same period last year, the firm earned $1.34 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities research analysts forecast that Dine Brands Global, Inc. will post 6.46 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Wednesday, March 20th were issued a $0.51 dividend. The ex-dividend date was Tuesday, March 19th. This represents a $2.04 dividend on an annualized basis and a yield of 4.65%. Dine Brands Global’s dividend payout ratio is currently 32.74%.

Analyst Upgrades and Downgrades

DIN has been the subject of several recent research reports. StockNews.com upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a report on Friday. Benchmark increased their price target on Dine Brands Global from $63.00 to $68.00 and gave the company a “buy” rating in a report on Monday, March 4th. KeyCorp lowered their price target on Dine Brands Global from $57.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Truist Financial raised their target price on Dine Brands Global from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, Wedbush raised their target price on Dine Brands Global from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $59.43.

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.