LSV Asset Management Has $23.93 Million Holdings in Dine Brands Global, Inc. (NYSE:DIN)

LSV Asset Management raised its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN) by 2.8% in the second quarter, Holdings Channel reports. The institutional investor owned 661,092 shares of the restaurant operator’s stock after buying an additional 18,200 shares during the quarter. LSV Asset Management’s holdings in Dine Brands Global were worth $23,932,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Savant Capital LLC acquired a new position in shares of Dine Brands Global during the second quarter worth approximately $550,000. Rhumbline Advisers lifted its holdings in shares of Dine Brands Global by 7.3% during the second quarter. Rhumbline Advisers now owns 49,652 shares of the restaurant operator’s stock worth $1,797,000 after buying an additional 3,388 shares during the last quarter. Summit Financial LLC acquired a new position in shares of Dine Brands Global in the second quarter valued at $232,000. WBI Investments LLC acquired a new position in shares of Dine Brands Global in the second quarter valued at $2,624,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Dine Brands Global by 30.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock valued at $117,000 after purchasing an additional 746 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on DIN. UBS Group cut their target price on Dine Brands Global from $56.00 to $51.00 and set a “buy” 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 lowered Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. 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. Finally, StockNews.com upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Monday, September 2nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Dine Brands Global has an average rating of “Moderate Buy” and a consensus price target of $48.86.

Dine Brands Global Trading Down 5.3 %

NYSE:DIN opened at $29.12 on Tuesday. The stock has a market capitalization of $445.54 million, a P/E ratio of 5.18 and a beta of 1.72. Dine Brands Global, Inc. has a 1 year low of $28.41 and a 1 year high of $54.62. The firm has a 50 day moving average of $32.92 and a 200-day moving average of $39.51.

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

Dine Brands Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 7.01%. The ex-dividend date is Friday, September 20th. Dine Brands Global’s dividend payout ratio is currently 36.30%.

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.