Harvest Investment Advisors LLC Has $1.02 Million Stock Position in Dine Brands Global, Inc. (NYSE:DIN)

Harvest Investment Advisors LLC increased its position in shares of Dine Brands Global, Inc. (NYSE:DIN) by 11.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,591 shares of the restaurant operator’s stock after acquiring an additional 3,395 shares during the quarter. Harvest Investment Advisors LLC owned about 0.21% of Dine Brands Global worth $1,018,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIN. CWM LLC increased its stake in Dine Brands Global by 1,093.9% in the second quarter. CWM LLC now owns 3,331 shares of the restaurant operator’s stock valued at $121,000 after purchasing an additional 3,052 shares in the last quarter. SG Americas Securities LLC bought a new position in Dine Brands Global during the second quarter worth about $111,000. Nisa Investment Advisors LLC grew its stake in Dine Brands Global by 3.6% in the second quarter. Nisa Investment Advisors LLC now owns 20,189 shares of the restaurant operator’s stock valued at $742,000 after acquiring an additional 695 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Dine Brands Global by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 233,464 shares of the restaurant operator’s stock worth $8,451,000 after acquiring an additional 4,427 shares in the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of Dine Brands Global during the 2nd quarter valued at about $35,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Dine Brands Global Stock Performance

DIN opened at $32.42 on Monday. The stock has a fifty day moving average of $32.66 and a 200-day moving average of $33.46. The company has a market capitalization of $494.41 million, a P/E ratio of 5.39 and a beta of 1.73. Dine Brands Global, Inc. has a fifty-two week low of $28.25 and a fifty-two week high of $52.05.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the previous year, the firm posted $1.46 EPS. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, equities research analysts predict that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 6.29%. The ex-dividend date is Friday, December 20th. Dine Brands Global’s dividend payout ratio (DPR) is presently 33.94%.

Analyst Ratings Changes

A number of analysts recently issued reports on DIN shares. Truist Financial reissued a “hold” rating and set a $37.00 target price (down from $66.00) on shares of Dine Brands Global in a research note on Friday, October 4th. Wedbush restated an “outperform” rating and set a $47.00 price objective on shares of Dine Brands Global in a research note on Friday, November 15th. UBS Group dropped their target price on shares of Dine Brands Global from $51.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. StockNews.com downgraded shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, CL King lowered Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Dine Brands Global presently has a consensus rating of “Hold” and an average price target of $44.71.

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.