Dine Brands Global, Inc. (NYSE:DIN) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its holdings in Dine Brands Global, Inc. (NYSE:DIN) by 5.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 877,999 shares of the restaurant operator’s stock after selling 51,079 shares during the quarter. Allspring Global Investments Holdings LLC owned about 5.70% of Dine Brands Global worth $31,784,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DIN. Capstone Investment Advisors LLC acquired a new position in Dine Brands Global during the fourth quarter worth $1,382,000. First Eagle Investment Management LLC increased its position in Dine Brands Global by 9.9% during the first quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock worth $12,086,000 after buying an additional 23,400 shares in the last quarter. Harvest Investment Advisors LLC increased its position in Dine Brands Global by 4.5% during the fourth quarter. Harvest Investment Advisors LLC now owns 26,979 shares of the restaurant operator’s stock worth $1,340,000 after buying an additional 1,169 shares in the last quarter. Quantbot Technologies LP increased its position in Dine Brands Global by 58.7% during the first quarter. Quantbot Technologies LP now owns 12,320 shares of the restaurant operator’s stock worth $573,000 after buying an additional 4,557 shares in the last quarter. Finally, Headlands Technologies LLC increased its position in Dine Brands Global by 438.7% during the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after buying an additional 623 shares in the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

Dine Brands Global Trading Down 0.3 %

DIN stock opened at $31.84 on Wednesday. The stock has a 50-day moving average price of $33.86 and a two-hundred day moving average price of $40.26. Dine Brands Global, Inc. has a 12-month low of $29.25 and a 12-month high of $56.93. The company has a market cap of $490.50 million, a PE ratio of 5.67 and a beta of 1.74.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 EPS for the quarter, topping the consensus estimate of $1.64 by $0.07. Dine Brands Global had a negative return on equity of 35.31% and a net margin of 10.59%. The business had revenue of $206.30 million for the quarter, compared to analysts’ expectations of $210.46 million. During the same quarter in the previous year, the firm posted $1.82 earnings per share. The company’s revenue was down 1.0% compared to the same quarter last year. Equities analysts forecast that Dine Brands Global, Inc. will post 6.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DIN shares. Barclays dropped their price target on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Benchmark downgraded Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Truist Financial lowered their price objective on Dine Brands Global from $71.00 to $66.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Piper Sandler lowered their price objective on Dine Brands Global from $49.00 to $48.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Finally, Wedbush lowered their price objective on Dine Brands Global from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Dine Brands Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.86.

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.