Kestrel Investment Management Corp Decreases Position in Dine Brands Global, Inc. (NYSE:DIN)

Kestrel Investment Management Corp cut its stake in Dine Brands Global, Inc. (NYSE:DIN) by 16.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,450 shares of the restaurant operator’s stock after selling 10,600 shares during the quarter. Kestrel Investment Management Corp’s holdings in Dine Brands Global were worth $2,654,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Landscape Capital Management L.L.C. purchased a new position in Dine Brands Global in the 3rd quarter valued at about $2,513,000. Nordea Investment Management AB lifted its stake in Dine Brands Global by 9.9% in the 4th quarter. Nordea Investment Management AB now owns 172,399 shares of the restaurant operator’s stock worth $8,680,000 after purchasing an additional 15,546 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Dine Brands Global by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 174,178 shares of the restaurant operator’s stock worth $8,613,000 after purchasing an additional 5,250 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in Dine Brands Global by 48.5% in the 3rd quarter. First Eagle Investment Management LLC now owns 166,290 shares of the restaurant operator’s stock worth $8,223,000 after purchasing an additional 54,280 shares in the last quarter. Finally, South Dakota Investment Council purchased a new position in Dine Brands Global in the 3rd quarter worth approximately $2,580,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

Dine Brands Global Price Performance

Shares of DIN stock traded up $0.52 during trading on Friday, hitting $43.35. 300,697 shares of the stock traded hands, compared to its average volume of 255,991. The firm has a market capitalization of $669.76 million, a P/E ratio of 6.94 and a beta of 1.67. The firm’s fifty day moving average price is $45.84 and its 200-day moving average price is $46.66. Dine Brands Global, Inc. has a 52-week low of $42.00 and a 52-week high of $69.71.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, February 28th. The restaurant operator reported $1.40 EPS for the quarter, beating the consensus estimate of $1.12 by $0.28. Dine Brands Global had a net margin of 11.69% and a negative return on equity of 37.72%. The firm had revenue of $206.30 million for the quarter, compared to analyst estimates of $206.24 million. During the same quarter in the previous year, the company earned $1.34 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, equities research analysts expect that Dine Brands Global, Inc. will post 6.47 earnings per share for the current year.

Dine Brands Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Wednesday, March 20th were issued a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $2.04 annualized dividend and a yield of 4.71%. Dine Brands Global’s dividend payout ratio (DPR) is presently 32.74%.

Analysts Set New Price Targets

A number of research analysts have weighed in on DIN shares. Truist Financial raised their target price on shares of Dine Brands Global from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. KeyCorp decreased their target price on shares of Dine Brands Global from $57.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. Barclays decreased their target price on shares of Dine Brands Global from $64.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, February 29th. Benchmark raised their target price on shares of Dine Brands Global from $63.00 to $68.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, StockNews.com raised shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $59.43.

Dine Brands Global Company 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.