JPMorgan Chase & Co. Acquires 59,360 Shares of Dine Brands Global, Inc. (NYSE:DIN)

JPMorgan Chase & Co. boosted its holdings in shares of Dine Brands Global, Inc. (NYSE:DIN) by 164.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 95,399 shares of the restaurant operator’s stock after buying an additional 59,360 shares during the quarter. JPMorgan Chase & Co.’s holdings in Dine Brands Global were worth $2,979,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quarry LP grew its position in shares of Dine Brands Global by 32.8% during the 2nd quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock valued at $83,000 after acquiring an additional 567 shares during the period. Quadrature Capital Ltd lifted its position in Dine Brands Global by 6.4% during the third quarter. Quadrature Capital Ltd now owns 13,042 shares of the restaurant operator’s stock valued at $408,000 after purchasing an additional 786 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Dine Brands Global during the third quarter valued at about $29,000. Public Sector Pension Investment Board increased its position in Dine Brands Global by 5.0% in the second quarter. Public Sector Pension Investment Board now owns 33,879 shares of the restaurant operator’s stock worth $1,226,000 after buying an additional 1,601 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Dine Brands Global by 56.9% in the third quarter. SG Americas Securities LLC now owns 4,819 shares of the restaurant operator’s stock worth $150,000 after buying an additional 1,748 shares during the period. 92.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on DIN shares. CL King downgraded Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. UBS Group reiterated a “neutral” rating and issued a $32.00 price target (down from $44.00) on shares of Dine Brands Global in a research report on Tuesday, January 7th. Barclays restated an “equal weight” rating and set a $32.00 price objective (down from $43.00) on shares of Dine Brands Global in a research report on Tuesday, January 7th. Wedbush reaffirmed an “outperform” rating and issued a $47.00 target price on shares of Dine Brands Global in a report on Friday, November 15th. Finally, Benchmark reissued a “hold” rating on shares of Dine Brands Global in a report on Tuesday, October 29th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Dine Brands Global has a consensus rating of “Hold” and a consensus price target of $41.43.

Dine Brands Global Stock Up 0.0 %

Shares of DIN stock opened at $26.70 on Monday. The company’s fifty day simple moving average is $31.36 and its two-hundred day simple moving average is $31.78. Dine Brands Global, Inc. has a 52 week low of $25.68 and a 52 week high of $51.35. The stock has a market cap of $407.07 million, a P/E ratio of 4.44 and a beta of 1.75.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $198.40 million. During the same period in the previous year, the business earned $1.46 earnings per share. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, analysts anticipate that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 7.64%. Dine Brands Global’s dividend payout ratio is currently 33.94%.

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.