South Dakota Investment Council Has $5.29 Million Stock Position in Dine Brands Global, Inc. (NYSE:DIN)

South Dakota Investment Council lifted its stake in Dine Brands Global, Inc. (NYSE:DIN) by 6.2% in the fourth quarter, HoldingsChannel reports. The firm owned 175,763 shares of the restaurant operator’s stock after purchasing an additional 10,324 shares during the period. South Dakota Investment Council’s holdings in Dine Brands Global were worth $5,290,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cibc World Market Inc. boosted its position in shares of Dine Brands Global by 640.6% in the 4th quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator’s stock valued at $14,905,000 after purchasing an additional 428,319 shares during the period. Geode Capital Management LLC boosted its position in Dine Brands Global by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 349,949 shares of the restaurant operator’s stock worth $10,932,000 after acquiring an additional 3,584 shares during the period. Olstein Capital Management L.P. boosted its position in Dine Brands Global by 4.6% during the 4th quarter. Olstein Capital Management L.P. now owns 316,158 shares of the restaurant operator’s stock worth $9,516,000 after acquiring an additional 13,953 shares during the period. Jane Street Group LLC boosted its position in Dine Brands Global by 229.1% during the 3rd quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator’s stock worth $7,799,000 after acquiring an additional 173,831 shares during the period. Finally, Weiss Asset Management LP acquired a new stake in Dine Brands Global during the 3rd quarter worth about $6,102,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Price Performance

DIN opened at $25.80 on Monday. Dine Brands Global, Inc. has a fifty-two week low of $25.67 and a fifty-two week high of $51.35. The business has a 50-day moving average of $28.84 and a 200-day moving average of $30.83. The company has a market capitalization of $393.27 million, a PE ratio of 4.29 and a beta of 1.75.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 7.91%. The ex-dividend date of this dividend is Monday, March 17th. Dine Brands Global’s payout ratio is 33.94%.

Analyst Ratings Changes

DIN has been the subject of a number of research reports. UBS Group restated a “neutral” rating and set a $32.00 price objective (down from $44.00) on shares of Dine Brands Global in a research report on Tuesday, January 7th. Benchmark restated a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. Piper Sandler decreased their price objective on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. Wedbush restated an “outperform” rating and set a $47.00 price objective on shares of Dine Brands Global in a research report on Friday, November 15th. Finally, CL King downgraded Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Dine Brands Global has a consensus rating of “Hold” and an average price target of $41.29.

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.