New York State Teachers Retirement System Has $1.62 Million Holdings in Dine Brands Global, Inc. (NYSE:DIN)

New York State Teachers Retirement System decreased its position in Dine Brands Global, Inc. (NYSE:DIN) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,614 shares of the restaurant operator’s stock after selling 402 shares during the quarter. New York State Teachers Retirement System’s holdings in Dine Brands Global were worth $1,619,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Dine Brands Global by 2.7% in the 2nd quarter. BlackRock Inc. now owns 2,485,504 shares of the restaurant operator’s stock valued at $144,234,000 after buying an additional 64,675 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Dine Brands Global by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 2,113,696 shares of the restaurant operator’s stock valued at $164,763,000 after buying an additional 54,446 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Dine Brands Global by 0.8% in the 4th quarter. Alliancebernstein L.P. now owns 1,730,661 shares of the restaurant operator’s stock valued at $111,801,000 after buying an additional 14,212 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Dine Brands Global by 6.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,223,107 shares of the restaurant operator’s stock valued at $60,483,000 after buying an additional 77,917 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Dine Brands Global by 3.7% in the 1st quarter. State Street Corp now owns 570,271 shares of the restaurant operator’s stock valued at $44,711,000 after buying an additional 20,343 shares in the last quarter. Institutional investors own 92.83% of the company’s stock.

Dine Brands Global Stock Up 0.1 %

Shares of DIN stock opened at $43.37 on Wednesday. Dine Brands Global, Inc. has a 12 month low of $42.00 and a 12 month high of $69.71. The firm has a market cap of $670.07 million, a PE ratio of 6.96 and a beta of 1.68. The stock has a 50 day moving average of $45.98 and a 200-day moving average of $46.72.

Dine Brands Global (NYSE:DIN) last issued 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. The company had revenue of $206.30 million during the quarter, compared to analyst estimates of $206.24 million. Dine Brands Global had a negative return on equity of 37.72% and a net margin of 11.69%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.34 earnings per share. As a group, equities analysts predict that Dine Brands Global, Inc. will post 6.47 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Wednesday, March 20th were paid a $0.51 dividend. The ex-dividend date was Tuesday, March 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.70%. Dine Brands Global’s payout ratio is 32.74%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DIN. Truist Financial boosted their price target 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. StockNews.com raised Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Barclays decreased their target price on Dine Brands Global from $64.00 to $57.00 and set an “overweight” rating for the company in a research report on Thursday, February 29th. Wedbush upped their target price on Dine Brands Global from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Finally, Benchmark upped their target price on Dine Brands Global from $63.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.43.

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.