Illinois Municipal Retirement Fund Sells 842 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Illinois Municipal Retirement Fund cut its stake in Dine Brands Global, Inc. (NYSE:DIN) by 9.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,481 shares of the restaurant operator’s stock after selling 842 shares during the period. Illinois Municipal Retirement Fund’s holdings in Dine Brands Global were worth $421,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Dine Brands Global by 127.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,254 shares of the restaurant operator’s stock valued at $211,000 after acquiring an additional 2,381 shares during the last quarter. D.A. Davidson & CO. bought a new position in shares of Dine Brands Global during the 3rd quarter worth approximately $223,000. Dark Forest Capital Management LP bought a new position in shares of Dine Brands Global during the 3rd quarter worth approximately $336,000. Tower Research Capital LLC TRC boosted its holdings in shares of Dine Brands Global by 213.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,867 shares of the restaurant operator’s stock worth $340,000 after buying an additional 4,679 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of Dine Brands Global during the 3rd quarter worth approximately $352,000. 92.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays cut their price target on Dine Brands Global from $64.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. Truist Financial upped their target price on Dine Brands Global from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. StockNews.com lowered Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd. Benchmark upped their target price on Dine Brands Global from $63.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Finally, Wedbush upped their target price on Dine Brands Global from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.43.

Dine Brands Global Trading Down 2.0 %

NYSE DIN opened at $43.23 on Thursday. The firm has a market capitalization of $667.90 million, a P/E ratio of 6.94 and a beta of 1.67. The business has a fifty day simple moving average of $45.79 and a 200 day simple moving average of $46.41. Dine Brands Global, Inc. has a 12 month low of $42.00 and a 12 month 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 analysts’ consensus estimates of $1.12 by $0.28. The business had revenue of $206.30 million during the quarter, compared to analyst estimates of $206.24 million. Dine Brands Global had a negative return on equity of 37.72% and a net margin of 11.69%. Dine Brands Global’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 EPS. As a group, sell-side analysts predict that Dine Brands Global, Inc. will post 6.46 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Wednesday, March 20th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.72%. The ex-dividend date was Tuesday, March 19th. Dine Brands Global’s dividend payout ratio is presently 32.74%.

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.