Virtu Financial LLC increased its position in Dine Brands Global, Inc. (NYSE:DIN) by 24.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,625 shares of the restaurant operator’s stock after acquiring an additional 1,287 shares during the quarter. Virtu Financial LLC’s holdings in Dine Brands Global were worth $384,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in DIN. US Bancorp DE boosted its position in shares of Dine Brands Global by 61.9% in the fourth quarter. US Bancorp DE now owns 442 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 169 shares during the period. Freedman Financial Associates Inc. bought a new position in shares of Dine Brands Global in the fourth quarter valued at approximately $29,000. Truvestments Capital LLC purchased a new stake in Dine Brands Global in the fourth quarter valued at approximately $63,000. Veriti Management LLC purchased a new stake in Dine Brands Global in the fourth quarter valued at approximately $82,000. Finally, Hodges Capital Management Inc. purchased a new stake in Dine Brands Global in the fourth quarter valued at approximately $207,000. Institutional investors own 85.43% of the company’s stock.
A number of brokerages recently weighed in on DIN. TheStreet raised shares of Dine Brands Global from a “d+” rating to a “c-” rating in a research note on Thursday, April 1st. Truist raised their target price on shares of Dine Brands Global from $92.00 to $100.00 in a research note on Wednesday, March 3rd. MKM Partners lifted their price target on shares of Dine Brands Global from $83.00 to $92.00 in a research note on Thursday, April 1st. Wedbush lifted their price target on shares of Dine Brands Global from $83.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 9th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Dine Brands Global from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a research note on Wednesday, February 10th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $91.33.
Shares of Dine Brands Global stock opened at $90.35 on Thursday. Dine Brands Global, Inc. has a 52-week low of $28.55 and a 52-week high of $93.36. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -19.90 and a beta of 2.02. The company’s 50 day moving average price is $84.90 and its 200-day moving average price is $68.76.
Dine Brands Global (NYSE:DIN) last issued its earnings results on Monday, March 1st. The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.28). Dine Brands Global had a negative return on equity of 17.91% and a negative net margin of 10.52%. The firm had revenue of $196.00 million during the quarter, compared to the consensus estimate of $192.49 million. During the same quarter in the prior year, the business posted $1.78 EPS. The firm’s revenue for the quarter was down 13.8% on a year-over-year basis. Analysts forecast that Dine Brands Global, Inc. will post 2.12 earnings per share for the current year.
Dine Brands Global Company Profile
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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