Zurcher Kantonalbank Zurich Cantonalbank Purchases 2,381 Shares of Dine Brands Global, Inc. (NYSE:DIN)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Dine Brands Global, Inc. (NYSE:DIN) by 127.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,254 shares of the restaurant operator’s stock after acquiring an additional 2,381 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dine Brands Global were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. D.A. Davidson & CO. bought a new position in Dine Brands Global during the third quarter valued at $223,000. Dark Forest Capital Management LP purchased a new position in Dine Brands Global in the 3rd quarter worth about $336,000. Tower Research Capital LLC TRC increased its stake in Dine Brands Global by 213.8% in 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 during the period. Jump Financial LLC purchased a new position in Dine Brands Global in the 3rd quarter worth about $352,000. Finally, Louisiana State Employees Retirement System purchased a new position in Dine Brands Global in the 4th quarter worth about $387,000. Institutional investors own 92.83% of the company’s stock.

Dine Brands Global Stock Performance

NYSE:DIN opened at $43.55 on Wednesday. Dine Brands Global, Inc. has a fifty-two week low of $42.00 and a fifty-two week high of $69.05. The stock has a market capitalization of $672.98 million, a P/E ratio of 6.99 and a beta of 1.68. The company’s 50-day simple moving average is $45.64 and its 200-day simple moving average is $46.19.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, February 28th. The restaurant operator reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $206.30 million for the quarter, compared to analysts’ expectations of $206.24 million. During the same period last year, the business earned $1.34 EPS. The company’s revenue was down .8% compared to the same quarter last year. On average, research analysts forecast that Dine Brands Global, Inc. will post 6.46 EPS for the current year.

Dine Brands Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Wednesday, March 20th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend was Tuesday, March 19th. Dine Brands Global’s dividend payout ratio is presently 32.74%.

Analysts Set New Price Targets

Several research analysts recently commented on DIN shares. Benchmark raised their price target 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. Wedbush raised their price target on shares of Dine Brands Global from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. KeyCorp reduced their price target 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. StockNews.com upgraded shares of Dine Brands Global from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Finally, Truist Financial increased their target price on shares of Dine Brands Global from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus 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.