Dine Brands Global, Inc. (NYSE:DIN) Stake Boosted by South Dakota Investment Council

South Dakota Investment Council boosted its stake in Dine Brands Global, Inc. (NYSE:DIN) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,763 shares of the restaurant operator’s stock after buying an additional 10,324 shares during the period. South Dakota Investment Council owned 1.15% of Dine Brands Global worth $5,290,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its position in Dine Brands Global by 1.5% in the fourth quarter. Rhumbline Advisers now owns 24,006 shares of the restaurant operator’s stock worth $723,000 after buying an additional 362 shares during the period. Cibc World Market Inc. increased its position in Dine Brands Global by 640.6% in the fourth quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator’s stock worth $14,905,000 after buying an additional 428,319 shares during the period. EMC Capital Management increased its position in Dine Brands Global by 2,570.0% in the fourth quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator’s stock worth $88,000 after buying an additional 2,827 shares during the period. Olstein Capital Management L.P. increased its position in Dine Brands Global by 4.6% in the fourth quarter. Olstein Capital Management L.P. now owns 316,158 shares of the restaurant operator’s stock worth $9,516,000 after buying an additional 13,953 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in Dine Brands Global by 50.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 29,686 shares of the restaurant operator’s stock worth $909,000 after buying an additional 9,910 shares during the period. 92.83% of the stock is owned by institutional investors and hedge funds.

Dine Brands Global Stock Down 2.8 %

Shares of DIN stock opened at $25.80 on Monday. The stock has a 50-day simple moving average of $28.84 and a 200 day simple moving average of $30.83. Dine Brands Global, Inc. has a fifty-two week low of $25.67 and a fifty-two week high of $51.35. The stock has a market capitalization of $393.27 million, a P/E ratio of 4.29 and a beta of 1.75.

Dine Brands Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be paid a dividend of $0.51 per share. The ex-dividend date is Monday, March 17th. This represents a $2.04 annualized dividend and a yield of 7.91%. Dine Brands Global’s dividend payout ratio is currently 33.94%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Piper Sandler lowered their price target on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. UBS Group reissued a “neutral” rating and set a $32.00 price target (down from $44.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. Wedbush reissued an “outperform” rating and set a $47.00 price target on shares of Dine Brands Global in a report on Friday, November 15th. Benchmark reissued a “hold” rating on shares of Dine Brands Global in a report on Tuesday, October 29th. Finally, KeyCorp lowered their price target on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $41.29.

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.