Dine Brands Global, Inc. (NYSE:DIN) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in shares of Dine Brands Global, Inc. (NYSE:DIN) by 10.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 23,076 shares of the restaurant operator’s stock after purchasing an additional 2,213 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Dine Brands Global were worth $1,146,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Dine Brands Global in the second quarter worth $45,000. Captrust Financial Advisors boosted its stake in shares of Dine Brands Global by 132.3% in the first quarter. Captrust Financial Advisors now owns 929 shares of the restaurant operator’s stock valued at $73,000 after purchasing an additional 529 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Dine Brands Global by 27.1% in the second quarter. PNC Financial Services Group Inc. now owns 1,019 shares of the restaurant operator’s stock valued at $59,000 after purchasing an additional 217 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Dine Brands Global in the first quarter valued at $85,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Dine Brands Global by 57.0% in the third quarter. Tower Research Capital LLC TRC now owns 1,094 shares of the restaurant operator’s stock valued at $70,000 after purchasing an additional 397 shares during the period. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Stock Performance

Dine Brands Global stock opened at $43.33 on Tuesday. The firm’s 50-day moving average is $46.03 and its 200-day moving average is $46.76. Dine Brands Global, Inc. has a 1 year low of $42.00 and a 1 year high of $69.71. The company has a market cap of $669.45 million, a P/E ratio of 6.96 and a beta of 1.68.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, February 28th. The restaurant operator reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.28. Dine Brands Global had a net margin of 11.69% and a negative return on equity of 37.72%. The company had revenue of $206.30 million for the quarter, compared to the consensus estimate of $206.24 million. During the same period last year, the firm posted $1.34 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. As a group, sell-side analysts predict that Dine Brands Global, Inc. will post 6.47 earnings per share for the current year.

Dine Brands Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Wednesday, March 20th were given a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.71%. Dine Brands Global’s payout ratio is currently 32.74%.

Analyst Ratings Changes

Several brokerages have recently weighed in on DIN. KeyCorp decreased their target price on shares of Dine Brands Global from $57.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. StockNews.com upgraded shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Benchmark increased their price objective on shares of Dine Brands Global from $63.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Barclays reduced their price objective on shares of Dine Brands Global from $64.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, February 29th. Finally, Wedbush increased their price objective on shares of 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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.