Mountain Hill Investment Partners Corp. Makes New Investment in Dine Brands Global, Inc. (NYSE:DIN)

Mountain Hill Investment Partners Corp. bought a new stake in Dine Brands Global, Inc. (NYSE:DIN) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,000 shares of the restaurant operator’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. purchased a new position in Dine Brands Global in the 3rd quarter valued at approximately $225,000. Quest Partners LLC increased its position in shares of Dine Brands Global by 965.3% in the third quarter. Quest Partners LLC now owns 16,565 shares of the restaurant operator’s stock valued at $517,000 after buying an additional 15,010 shares in the last quarter. DRW Securities LLC acquired a new position in shares of Dine Brands Global during the 3rd quarter worth $403,000. Quantbot Technologies LP raised its stake in shares of Dine Brands Global by 308.7% during the 3rd quarter. Quantbot Technologies LP now owns 30,116 shares of the restaurant operator’s stock worth $941,000 after buying an additional 22,748 shares during the last quarter. Finally, FMR LLC grew its stake in Dine Brands Global by 26.9% in the 3rd quarter. FMR LLC now owns 11,691 shares of the restaurant operator’s stock valued at $365,000 after acquiring an additional 2,479 shares during the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Dine Brands Global Stock Performance

Shares of DIN stock opened at $24.45 on Monday. The firm has a market capitalization of $372.95 million, a price-to-earnings ratio of 4.07 and a beta of 1.85. Dine Brands Global, Inc. has a one year low of $22.36 and a one year high of $47.25. The company has a 50 day moving average price of $27.05 and a 200 day moving average price of $29.93.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, March 5th. The restaurant operator reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.48). Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The firm had revenue of $204.80 million for the quarter, compared to analyst estimates of $200.75 million. During the same quarter in the previous year, the company earned $1.40 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. As a group, equities analysts forecast that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.34%. The ex-dividend date of this dividend is Monday, March 17th. Dine Brands Global’s payout ratio is currently 48.46%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wedbush reduced their price target on shares of Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Barclays reduced their target price on Dine Brands Global from $32.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 6th. Truist Financial dropped their price target on Dine Brands Global from $37.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, March 6th. KeyCorp reduced their target price on shares of Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, UBS Group lowered their price target on shares of Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Dine Brands Global has an average rating of “Hold” and an average price target of $29.00.

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.