Dine Brands Global, Inc. (NYSE:DIN) Shares Purchased by Olstein Capital Management L.P.

Olstein Capital Management L.P. boosted its holdings in Dine Brands Global, Inc. (NYSE:DIN) by 25.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 302,205 shares of the restaurant operator’s stock after acquiring an additional 60,605 shares during the period. Dine Brands Global accounts for about 1.6% of Olstein Capital Management L.P.’s investment portfolio, making the stock its 14th largest position. Olstein Capital Management L.P.’s holdings in Dine Brands Global were worth $9,438,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DIN. Headlands Technologies LLC lifted its holdings in shares of Dine Brands Global by 438.7% during the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 623 shares during the period. Summit Securities Group LLC purchased a new position in Dine Brands Global in the second quarter valued at approximately $35,000. Quarry LP raised its holdings in Dine Brands Global by 32.8% in the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock valued at $83,000 after buying an additional 567 shares during the period. EntryPoint Capital LLC purchased a new position in Dine Brands Global in the first quarter valued at approximately $132,000. Finally, EMC Capital Management purchased a new position in Dine Brands Global in the first quarter valued at approximately $137,000. 92.83% of the stock is owned by institutional investors and hedge funds.

Dine Brands Global Trading Up 1.9 %

NYSE:DIN traded up $0.68 on Thursday, hitting $36.67. 38,194 shares of the company’s stock traded hands, compared to its average volume of 432,872. Dine Brands Global, Inc. has a 1 year low of $28.25 and a 1 year high of $52.05. The firm has a 50-day moving average price of $31.00 and a 200-day moving average price of $35.04. The company has a market cap of $561.05 million, a PE ratio of 6.04 and a beta of 1.71.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, beating the consensus estimate of $1.33 by $0.11. The business had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $198.40 million. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 EPS. On average, research analysts forecast that Dine Brands Global, Inc. will post 5.77 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were issued a dividend of $0.51 per share. The ex-dividend date was Friday, September 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.56%. Dine Brands Global’s dividend payout ratio (DPR) is presently 34.23%.

Analysts Set New Price Targets

A number of research firms have commented on DIN. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a report on Tuesday, October 29th. Wedbush restated an “outperform” rating and set a $47.00 price objective on shares of Dine Brands Global in a research note on Thursday. UBS Group cut their price objective on shares of Dine Brands Global from $56.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. StockNews.com cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, CL King cut shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and four have assigned 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 $46.43.

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.