Public Sector Pension Investment Board Has $1.23 Million Holdings in Dine Brands Global, Inc. (NYSE:DIN)

Public Sector Pension Investment Board boosted its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN) by 5.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,879 shares of the restaurant operator’s stock after acquiring an additional 1,601 shares during the period. Public Sector Pension Investment Board’s holdings in Dine Brands Global were worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new position in shares of Dine Brands Global in the 4th quarter valued at approximately $462,000. Armistice Capital LLC acquired a new position in shares of Dine Brands Global in the fourth quarter valued at approximately $3,724,000. Harvest Investment Advisors LLC increased its position in shares of Dine Brands Global by 4.5% during the fourth quarter. Harvest Investment Advisors LLC now owns 26,979 shares of the restaurant operator’s stock worth $1,340,000 after acquiring an additional 1,169 shares in the last quarter. Quarry LP raised its position in shares of 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 in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Dine Brands Global in the 4th quarter worth about $317,000. 92.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DIN has been the subject of a number of research analyst reports. Barclays decreased their target price on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Truist Financial cut their target price on Dine Brands Global from $71.00 to $66.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. StockNews.com upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Monday, September 2nd. UBS Group lowered their target price on shares of Dine Brands Global from $56.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, KeyCorp lowered their target price on shares of Dine Brands Global from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $50.71.

Dine Brands Global Trading Up 11.2 %

Dine Brands Global stock opened at $34.73 on Wednesday. Dine Brands Global, Inc. has a 1-year low of $28.25 and a 1-year high of $53.26. The firm has a market cap of $535.02 million, a P/E ratio of 6.18 and a beta of 1.72. The firm has a 50-day moving average of $31.60 and a 200-day moving average of $37.49.

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

Dine Brands Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date is Friday, September 20th. Dine Brands Global’s dividend payout ratio is 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.