Jane Street Group LLC Buys 173,831 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Jane Street Group LLC boosted its stake in Dine Brands Global, Inc. (NYSE:DIN) by 229.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,713 shares of the restaurant operator’s stock after acquiring an additional 173,831 shares during the quarter. Jane Street Group LLC owned 1.64% of Dine Brands Global worth $7,799,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LSV Asset Management lifted its holdings in shares of Dine Brands Global by 2.8% in the second quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock valued at $23,932,000 after purchasing an additional 18,200 shares in the last quarter. Olstein Capital Management L.P. lifted its stake in Dine Brands Global by 25.1% in the 3rd quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock valued at $9,438,000 after acquiring an additional 60,605 shares in the last quarter. Marshall Wace LLP boosted its position in Dine Brands Global by 3.2% during the 2nd quarter. Marshall Wace LLP now owns 278,087 shares of the restaurant operator’s stock worth $10,067,000 after acquiring an additional 8,518 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Dine Brands Global by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 233,464 shares of the restaurant operator’s stock worth $8,451,000 after acquiring an additional 4,427 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new stake in shares of Dine Brands Global in the third quarter valued at approximately $6,102,000. 92.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DIN shares. Barclays raised their target price on shares of Dine Brands Global from $38.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Piper Sandler lowered their target price on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. CL King cut Dine Brands Global from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Wedbush reaffirmed an “outperform” rating and set a $47.00 price target on shares of Dine Brands Global in a research report on Friday, November 15th. Finally, Truist Financial reissued a “hold” rating and issued a $37.00 price objective (down previously from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dine Brands Global presently has an average rating of “Hold” and a consensus target price of $44.71.

Dine Brands Global Trading Down 1.4 %

DIN stock opened at $31.17 on Friday. Dine Brands Global, Inc. has a 1-year low of $28.25 and a 1-year high of $52.05. The business’s 50 day simple moving average is $32.53 and its 200 day simple moving average is $33.34. The firm has a market capitalization of $475.27 million, a PE ratio of 5.18 and a beta of 1.73.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, beating the consensus estimate of $1.34 by $0.10. The firm had revenue of $195.00 million for the quarter, compared to the consensus estimate of $198.40 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.46 earnings per share. As a group, sell-side analysts predict that Dine Brands Global, Inc. will post 5.84 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, January 7th. Shareholders of record on Friday, December 20th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.04 annualized dividend and a yield of 6.55%. Dine Brands Global’s dividend payout ratio (DPR) is presently 33.94%.

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.