92,344 Shares in Dine Brands Global, Inc. (NYSE:DIN) Acquired by Trexquant Investment LP

Trexquant Investment LP acquired a new stake in Dine Brands Global, Inc. (NYSE:DIN) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 92,344 shares of the restaurant operator’s stock, valued at approximately $2,780,000. Trexquant Investment LP owned approximately 0.61% of Dine Brands Global at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIN. Point72 DIFC Ltd bought a new position in shares of Dine Brands Global in the third quarter worth $29,000. Mountain Hill Investment Partners Corp. acquired a new stake in Dine Brands Global during the fourth quarter worth about $30,000. KLP Kapitalforvaltning AS bought a new position in Dine Brands Global in the 4th quarter valued at about $89,000. EMC Capital Management raised its position in shares of Dine Brands Global by 2,570.0% in the 4th quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator’s stock valued at $88,000 after buying an additional 2,827 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of Dine Brands Global by 31.8% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 9,431 shares of the restaurant operator’s stock worth $284,000 after acquiring an additional 2,278 shares during the period. 92.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DIN has been the topic of a number of recent analyst reports. Wedbush decreased their price objective on shares of Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Truist Financial lowered their price target on Dine Brands Global from $37.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, March 6th. KeyCorp reduced their price objective on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. UBS Group lowered their target price on Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Finally, Sanford C. Bernstein set a $26.00 price target on shares of Dine Brands Global in a research note on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Dine Brands Global has a consensus rating of “Hold” and a consensus target price of $29.00.

Dine Brands Global Price Performance

Shares of NYSE DIN opened at $19.64 on Tuesday. The company has a 50 day simple moving average of $25.90 and a 200 day simple moving average of $29.41. Dine Brands Global, Inc. has a 1 year low of $19.03 and a 1 year high of $46.26. The firm has a market cap of $307.01 million, a PE ratio of 3.27 and a beta of 1.44.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.48). Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The business had revenue of $204.80 million for the quarter, compared to the consensus estimate of $200.75 million. During the same period in the previous year, the business posted $1.40 EPS. Dine Brands Global’s revenue was down .7% on a year-over-year basis. As a group, research analysts anticipate that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.04 annualized dividend and a dividend yield of 10.39%. Dine Brands Global’s payout ratio is 48.46%.

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.