Nomura Holdings Inc. decreased its holdings in shares of Dine Brands Global Inc (NYSE:DIN) by 48.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,598 shares of the restaurant operator’s stock after selling 2,402 shares during the period. Nomura Holdings Inc.’s holdings in Dine Brands Global were worth $248,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. increased its position in Dine Brands Global by 0.9% during the 2nd quarter. BlackRock Inc. now owns 2,510,087 shares of the restaurant operator’s stock worth $239,636,000 after purchasing an additional 22,496 shares during the period. Royal Bank of Canada increased its position in Dine Brands Global by 16.9% during the 2nd quarter. Royal Bank of Canada now owns 96,370 shares of the restaurant operator’s stock worth $9,201,000 after purchasing an additional 13,920 shares during the period. Susquehanna Fundamental Investments LLC increased its position in Dine Brands Global by 55.6% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 33,600 shares of the restaurant operator’s stock worth $3,208,000 after purchasing an additional 12,000 shares during the period. Factorial Partners LLC increased its position in Dine Brands Global by 4.4% during the 2nd quarter. Factorial Partners LLC now owns 11,800 shares of the restaurant operator’s stock worth $1,127,000 after purchasing an additional 500 shares during the period. Finally, Voloridge Investment Management LLC acquired a new position in Dine Brands Global during the 2nd quarter worth approximately $330,000.
DIN has been the topic of several recent analyst reports. Deutsche Bank dropped their target price on Dine Brands Global from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Maxim Group set a $110.00 target price on Dine Brands Global and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Raymond James cut Dine Brands Global from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $125.00 to $105.00 in a research report on Thursday, August 1st. Zacks Investment Research upgraded Dine Brands Global from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Wedbush decreased their price target on Dine Brands Global from $135.00 to $120.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $107.14.
Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $1.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($0.14). The firm had revenue of $228.08 million for the quarter, compared to analysts’ expectations of $233.69 million. Dine Brands Global had a negative return on equity of 59.85% and a net margin of 11.73%. Dine Brands Global’s revenue was up 23.6% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. As a group, research analysts predict that Dine Brands Global Inc will post 6.89 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Thursday, September 19th. Dine Brands Global’s dividend payout ratio (DPR) is 51.40%.
About Dine Brands Global
Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.
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