22,451 Shares in Dine Brands Global, Inc. (NYSE:DIN) Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP purchased a new position in shares of Dine Brands Global, Inc. (NYSE:DIN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 22,451 shares of the restaurant operator’s stock, valued at approximately $1,115,000. Semanteon Capital Management LP owned 0.15% of Dine Brands Global as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Dine Brands Global by 127.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,254 shares of the restaurant operator’s stock valued at $211,000 after buying an additional 2,381 shares during the period. Harbor Advisors LLC bought a new position in Dine Brands Global in the 4th quarter valued at about $223,000. D.A. Davidson & CO. bought a new position in Dine Brands Global in the 3rd quarter valued at about $223,000. Dark Forest Capital Management LP bought a new position in Dine Brands Global in the 3rd quarter valued at about $336,000. Finally, Tower Research Capital LLC TRC lifted 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 valued at $340,000 after purchasing an additional 4,679 shares during the last quarter. 92.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DIN. KeyCorp lowered their price objective on Dine Brands Global from $57.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Wedbush lifted their price target on shares of Dine Brands Global from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. Truist Financial boosted their target price on shares of Dine Brands Global from $70.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Barclays decreased their price target on shares of Dine Brands Global from $64.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. Finally, Benchmark upped their target price on shares of Dine Brands Global from $63.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Dine Brands Global has a consensus rating of “Moderate Buy” and a consensus price target of $59.43.

Dine Brands Global Stock Performance

Shares of NYSE:DIN traded up $0.40 during trading on Thursday, reaching $45.69. 325,354 shares of the stock traded hands, compared to its average volume of 257,947. The stock has a 50-day moving average of $45.82 and a two-hundred day moving average of $46.50. Dine Brands Global, Inc. has a 52-week low of $42.00 and a 52-week high of $69.71. The stock has a market cap of $705.83 million, a P/E ratio of 7.33 and a beta of 1.67.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, February 28th. The restaurant operator reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $206.30 million for the quarter, compared to analysts’ expectations of $206.24 million. During the same quarter last year, the company posted $1.34 earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. Sell-side analysts expect that Dine Brands Global, Inc. will post 6.46 earnings per share for the current year.

Dine Brands Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Wednesday, March 20th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend was Tuesday, March 19th. Dine Brands Global’s dividend payout ratio is presently 32.74%.

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.