Prudential Financial Inc. lifted its holdings in Dine Brands Global Inc (NYSE:DIN) by 8.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,599 shares of the restaurant operator’s stock after purchasing an additional 5,942 shares during the period. Prudential Financial Inc. owned 0.46% of Dine Brands Global worth $6,554,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Tompkins Financial Corp acquired a new stake in shares of Dine Brands Global in the 3rd quarter valued at $109,000. Point72 Hong Kong Ltd acquired a new stake in shares of Dine Brands Global in the 2nd quarter valued at $127,000. Beacon Investment Advisory Services Inc. acquired a new stake in shares of Dine Brands Global in the 2nd quarter valued at $207,000. Truvestments Capital LLC acquired a new stake in shares of Dine Brands Global in the 2nd quarter valued at $221,000. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Dine Brands Global in the 2nd quarter valued at $262,000.
Several equities research analysts recently issued reports on DIN shares. Maxim Group lifted their price objective on shares of Dine Brands Global from $101.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, September 28th. Zacks Investment Research lowered shares of Dine Brands Global from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 17th. ValuEngine lowered shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. Raymond James lowered shares of Dine Brands Global from a “strong-buy” rating to an “outperform” rating and boosted their target price for the stock from $92.50 to $108.00 in a research report on Monday, September 10th. Finally, TheStreet raised shares of Dine Brands Global from a “d+” rating to a “c+” rating in a research report on Friday, November 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $104.00.
Dine Brands Global stock opened at $88.50 on Friday. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 20.18 and a beta of -0.04. Dine Brands Global Inc has a fifty-two week low of $48.00 and a fifty-two week high of $95.09.
Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, October 31st. The restaurant operator reported $1.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.01. The firm had revenue of $194.10 million during the quarter, compared to analyst estimates of $185.98 million. Dine Brands Global had a net margin of 19.41% and a negative return on equity of 40.87%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 EPS. Equities analysts expect that Dine Brands Global Inc will post 5.25 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Shareholders of record on Thursday, December 20th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Wednesday, December 19th. Dine Brands Global’s dividend payout ratio is 60.72%.
In other Dine Brands Global news, Director Larry Alan Kay sold 400 shares of the business’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $90.32, for a total transaction of $36,128.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.75% of the stock is owned by insiders.
Dine Brands Global Profile
Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.
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