Dine Brands Global, Inc. (NYSE:DIN) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC reduced its holdings in Dine Brands Global, Inc. (NYSE:DIN) by 80.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,535 shares of the restaurant operator’s stock after selling 220,656 shares during the period. Cubist Systematic Strategies LLC owned about 0.35% of Dine Brands Global worth $1,611,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of Dine Brands Global by 135.4% in the third quarter. Barclays PLC now owns 35,946 shares of the restaurant operator’s stock valued at $1,123,000 after acquiring an additional 20,673 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Dine Brands Global by 164.7% in the third quarter. JPMorgan Chase & Co. now owns 95,399 shares of the restaurant operator’s stock valued at $2,979,000 after acquiring an additional 59,360 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Dine Brands Global by 50.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 29,686 shares of the restaurant operator’s stock valued at $909,000 after acquiring an additional 9,910 shares in the last quarter. Olstein Capital Management L.P. lifted its position in shares of Dine Brands Global by 4.6% in the fourth quarter. Olstein Capital Management L.P. now owns 316,158 shares of the restaurant operator’s stock valued at $9,516,000 after acquiring an additional 13,953 shares in the last quarter. Finally, EMC Capital Management lifted its position in shares of Dine Brands Global by 2,570.0% in the fourth quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator’s stock valued at $88,000 after acquiring an additional 2,827 shares in the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. KeyCorp reduced their price objective on Dine Brands Global from $30.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Barclays lifted their price objective on Dine Brands Global from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 8th. UBS Group reduced their price objective on Dine Brands Global from $25.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Sanford C. Bernstein set a $26.00 price objective on Dine Brands Global in a research report on Thursday, March 6th. Finally, Wedbush reduced their price objective on Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Dine Brands Global has an average rating of “Hold” and an average target price of $26.29.

Dine Brands Global Price Performance

DIN opened at $24.27 on Tuesday. The stock has a market cap of $379.24 million, a P/E ratio of 4.04 and a beta of 1.11. The stock’s 50 day simple moving average is $22.25 and its 200 day simple moving average is $27.39. Dine Brands Global, Inc. has a 1-year low of $18.63 and a 1-year high of $45.69.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.15). The business had revenue of $214.78 million for the quarter, compared to analysts’ expectations of $216.19 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.33 EPS. Research analysts expect that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.04 annualized dividend and a dividend yield of 8.41%. Dine Brands Global’s dividend payout ratio is presently 56.51%.

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.