13,030 Shares in Dine Brands Global, Inc. (NYSE:DIN) Bought by Olympiad Research LP

Olympiad Research LP bought a new position in Dine Brands Global, Inc. (NYSE:DIN) during the third quarter, according to its most recent filing with the SEC. The firm bought 13,030 shares of the restaurant operator’s stock, valued at approximately $407,000. Olympiad Research LP owned approximately 0.09% of Dine Brands Global as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. First Eagle Investment Management LLC lifted its holdings in shares of Dine Brands Global by 9.9% in the 1st quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock worth $12,086,000 after purchasing an additional 23,400 shares in the last quarter. Quantbot Technologies LP lifted its holdings in shares of Dine Brands Global by 58.7% in the 1st quarter. Quantbot Technologies LP now owns 12,320 shares of the restaurant operator’s stock worth $573,000 after purchasing an additional 4,557 shares in the last quarter. Headlands Technologies LLC lifted its holdings in shares of 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 purchasing an additional 623 shares in the last quarter. Clearline Capital LP lifted its holdings in shares of Dine Brands Global by 225.0% in the 2nd quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock worth $4,510,000 after purchasing an additional 86,241 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Dine Brands Global by 19.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 148,286 shares of the restaurant operator’s stock worth $5,368,000 after purchasing an additional 24,556 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays raised their price objective on Dine Brands Global from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday. StockNews.com cut Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday. Truist Financial restated a “hold” rating and set a $37.00 price objective (down from $66.00) on shares of Dine Brands Global in a research note on Friday, October 4th. Benchmark restated a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. Finally, CL King cut Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.14.

Dine Brands Global Price Performance

Shares of Dine Brands Global stock opened at $35.25 on Friday. Dine Brands Global, Inc. has a 1 year low of $28.25 and a 1 year high of $52.05. The firm has a market cap of $539.33 million, a PE ratio of 5.91 and a beta of 1.71. The stock has a fifty day moving average price of $31.07 and a 200-day moving average price of $35.04.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.10. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The firm had revenue of $195.00 million during the quarter, compared to analyst estimates of $198.40 million. During the same period last year, the firm posted $1.46 EPS. The business’s revenue was down 3.8% compared to the same quarter last year. As a group, equities analysts anticipate that Dine Brands Global, Inc. will post 5.77 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 5.79%. The ex-dividend date was Friday, September 20th. Dine Brands Global’s dividend payout ratio is presently 34.23%.

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.