Dark Forest Capital Management LP Decreases Holdings in Dine Brands Global, Inc. (NYSE:DIN)

Dark Forest Capital Management LP cut its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN) by 17.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,908 shares of the restaurant operator’s stock after selling 2,322 shares during the quarter. Dark Forest Capital Management LP owned approximately 0.07% of Dine Brands Global worth $395,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Quarry LP increased its holdings in Dine Brands Global by 207.2% in the 4th quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 489 shares during the last quarter. Headlands Technologies LLC increased its holdings in Dine Brands Global by 438.7% in the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 623 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Dine Brands Global in the 2nd quarter worth about $35,000. EntryPoint Capital LLC purchased a new stake in Dine Brands Global in the 1st quarter worth about $132,000. Finally, EMC Capital Management purchased a new stake in Dine Brands Global in the 1st quarter worth about $137,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DIN has been the subject of several recent research reports. StockNews.com raised Dine Brands Global from a “hold” rating to a “buy” rating in a report on Monday, September 2nd. KeyCorp cut their target price on Dine Brands Global from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Barclays cut their target price on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Benchmark downgraded Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Truist Financial cut their target price on Dine Brands Global from $71.00 to $66.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $48.86.

Dine Brands Global Trading Up 0.3 %

Shares of DIN opened at $31.64 on Friday. The company has a market cap of $487.41 million, a PE ratio of 5.63 and a beta of 1.72. The stock has a 50-day moving average price of $31.70 and a 200-day moving average price of $37.75. Dine Brands Global, Inc. has a 12-month low of $28.25 and a 12-month high of $53.26.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.07. The firm had revenue of $206.30 million during the quarter, compared to the consensus estimate of $210.46 million. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the company posted $1.82 EPS. As a group, analysts predict that Dine Brands Global, Inc. will post 5.86 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Friday, September 20th will be given a $0.51 dividend. The ex-dividend date is Friday, September 20th. This represents a $2.04 dividend on an annualized basis and a yield of 6.45%. Dine Brands Global’s payout ratio is 36.30%.

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.