Dine Brands Global, Inc. (NYSE:DIN) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN grew its position in Dine Brands Global, Inc. (NYSE:DIN) by 14.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,140 shares of the restaurant operator’s stock after acquiring an additional 1,316 shares during the period. Wells Fargo & Company MN owned about 0.07% of Dine Brands Global worth $305,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DIN. Arrowstreet Capital Limited Partnership lifted its stake in Dine Brands Global by 14.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 601,470 shares of the restaurant operator’s stock worth $18,104,000 after purchasing an additional 74,387 shares in the last quarter. Cibc World Market Inc. lifted its position in Dine Brands Global by 640.6% during the fourth quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator’s stock worth $14,905,000 after buying an additional 428,319 shares in the last quarter. Geode Capital Management LLC boosted its stake in Dine Brands Global by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 353,558 shares of the restaurant operator’s stock worth $10,644,000 after buying an additional 3,609 shares during the last quarter. Olstein Capital Management L.P. grew its holdings in Dine Brands Global by 4.6% in the 4th quarter. Olstein Capital Management L.P. now owns 316,158 shares of the restaurant operator’s stock valued at $9,516,000 after buying an additional 13,953 shares in the last quarter. Finally, South Dakota Investment Council increased its stake in shares of Dine Brands Global by 6.2% in the 4th quarter. South Dakota Investment Council now owns 175,763 shares of the restaurant operator’s stock worth $5,290,000 after acquiring an additional 10,324 shares during the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DIN. Barclays lowered their price target on shares of Dine Brands Global from $26.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. UBS Group cut their price target on shares of Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Truist Financial lowered their price objective on Dine Brands Global from $37.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, March 6th. Wedbush reduced their target price on Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Finally, Sanford C. Bernstein set a $26.00 price objective on Dine Brands Global in a research report on Thursday, March 6th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $28.29.

Dine Brands Global Stock Performance

Dine Brands Global stock opened at $20.09 on Wednesday. The company has a market cap of $314.06 million, a price-to-earnings ratio of 3.34 and a beta of 1.11. Dine Brands Global, Inc. has a 1 year low of $18.63 and a 1 year high of $45.69. The firm has a 50 day moving average price of $22.40 and a 200 day moving average price of $27.62.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.48). The firm had revenue of $204.80 million for the quarter, compared to analyst estimates of $200.75 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The business’s revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.40 earnings per share. Sell-side analysts predict that Dine Brands Global, Inc. will post 5.84 EPS for the current year.

Dine Brands Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.04 annualized dividend and a dividend yield of 10.16%. Dine Brands Global’s dividend payout ratio is presently 48.46%.

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.