Aigen Investment Management LP Boosts Stock Holdings in Dine Brands Global, Inc. (NYSE:DIN)

Aigen Investment Management LP grew its position in Dine Brands Global, Inc. (NYSE:DIN) by 65.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,687 shares of the restaurant operator’s stock after acquiring an additional 8,149 shares during the quarter. Aigen Investment Management LP owned about 0.14% of Dine Brands Global worth $646,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DIN. LSV Asset Management lifted its holdings in Dine Brands Global by 2.8% in the 2nd quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock valued at $23,932,000 after purchasing an additional 18,200 shares in the last quarter. Olstein Capital Management L.P. lifted its stake in shares of Dine Brands Global by 25.1% in the third quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock worth $9,438,000 after buying an additional 60,605 shares in the last quarter. Marshall Wace LLP boosted its position in Dine Brands Global by 3.2% during the second quarter. Marshall Wace LLP now owns 278,087 shares of the restaurant operator’s stock worth $10,067,000 after acquiring an additional 8,518 shares during the last quarter. First Eagle Investment Management LLC grew its stake in Dine Brands Global by 9.9% during the 1st quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock valued at $12,086,000 after acquiring an additional 23,400 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Dine Brands Global by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 233,464 shares of the restaurant operator’s stock valued at $8,451,000 after acquiring an additional 4,427 shares during the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DIN has been the topic of several recent research reports. Barclays upped their price target on Dine Brands Global from $38.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Benchmark restated a “hold” rating on shares of Dine Brands Global in a report on Tuesday, October 29th. Truist Financial reiterated a “hold” rating and set a $37.00 price target (down previously from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. Wedbush reissued an “outperform” rating and issued a $47.00 price objective on shares of Dine Brands Global in a report on Thursday, November 7th. Finally, CL King downgraded shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $46.14.

Dine Brands Global Price Performance

Shares of DIN opened at $34.88 on Thursday. The firm has a 50-day simple moving average of $31.24 and a two-hundred day simple moving average of $34.66. The stock has a market cap of $531.84 million, a PE ratio of 5.80 and a beta of 1.71. Dine Brands Global, Inc. has a 1-year low of $28.25 and a 1-year high of $52.05.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.10. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The firm had revenue of $195.00 million during the quarter, compared to the consensus estimate of $198.40 million. During the same quarter last year, the firm earned $1.46 EPS. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. As a group, sell-side analysts expect that Dine Brands Global, Inc. will post 5.83 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 20th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 5.85%. The ex-dividend date of this dividend was Friday, September 20th. Dine Brands Global’s payout ratio is 33.94%.

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.