Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Holdings in Dine Brands Global, Inc. (NYSE:DIN)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Dine Brands Global, Inc. (NYSE:DIN) by 127.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,254 shares of the restaurant operator’s stock after acquiring an additional 2,381 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dine Brands Global were worth $211,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DIN. Landscape Capital Management L.L.C. purchased a new position in Dine Brands Global in the third quarter valued at approximately $2,513,000. Nordea Investment Management AB raised its holdings in Dine Brands Global by 9.9% in the fourth quarter. Nordea Investment Management AB now owns 172,399 shares of the restaurant operator’s stock valued at $8,680,000 after buying an additional 15,546 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Dine Brands Global by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 174,178 shares of the restaurant operator’s stock valued at $8,613,000 after buying an additional 5,250 shares during the period. First Eagle Investment Management LLC raised its holdings in Dine Brands Global by 48.5% in the third quarter. First Eagle Investment Management LLC now owns 166,290 shares of the restaurant operator’s stock valued at $8,223,000 after buying an additional 54,280 shares during the period. Finally, South Dakota Investment Council purchased a new position in Dine Brands Global in the third quarter valued at approximately $2,580,000. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Dine Brands Global Trading Down 2.1 %

Shares of NYSE DIN opened at $43.55 on Wednesday. The business has a 50 day simple moving average of $45.64 and a 200-day simple moving average of $46.19. Dine Brands Global, Inc. has a twelve month low of $42.00 and a twelve month high of $69.05. The company has a market capitalization of $672.98 million, a price-to-earnings ratio of 6.99 and a beta of 1.68.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, February 28th. The restaurant operator reported $1.40 earnings per share 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 analysts’ expectations of $206.24 million. During the same period in the prior year, the company earned $1.34 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. As a group, equities analysts predict that Dine Brands Global, Inc. will post 6.46 earnings per share for the current 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 of this dividend was Tuesday, March 19th. This represents a $2.04 dividend on an annualized basis and a yield of 4.68%. Dine Brands Global’s dividend payout ratio is currently 32.74%.

Analyst Ratings Changes

DIN has been the topic of a number of recent research reports. KeyCorp reduced their target price on shares of Dine Brands Global from $57.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. Truist Financial upped their price objective on shares of Dine Brands Global from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. StockNews.com upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Benchmark raised their price objective on Dine Brands Global from $63.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, Barclays cut their target price on Dine Brands Global from $64.00 to $57.00 and set an “overweight” rating on the stock in a research report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.