Factorial Partners LLC Acquires 22,000 Shares of Dine Brands Global, Inc. $DIN

Factorial Partners LLC increased its stake in shares of Dine Brands Global, Inc. (NYSE:DIN) by 32.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 89,316 shares of the restaurant operator’s stock after buying an additional 22,000 shares during the period. Dine Brands Global accounts for about 1.5% of Factorial Partners LLC’s portfolio, making the stock its 25th largest holding. Factorial Partners LLC owned 0.62% of Dine Brands Global worth $2,208,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in shares of Dine Brands Global by 51.2% during the first quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock worth $11,817,000 after acquiring an additional 172,013 shares during the period. Vanguard Group Inc. lifted its holdings in Dine Brands Global by 10.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,041,335 shares of the restaurant operator’s stock worth $25,742,000 after purchasing an additional 101,304 shares during the last quarter. Monimus Capital Management LP bought a new stake in Dine Brands Global in the 2nd quarter valued at $2,282,000. Balyasny Asset Management L.P. bought a new stake in Dine Brands Global in the 2nd quarter valued at $2,005,000. Finally, SG Americas Securities LLC acquired a new position in Dine Brands Global in the 3rd quarter valued at $1,983,000. 92.83% of the stock is owned by institutional investors.

Dine Brands Global Stock Down 3.7%

Shares of Dine Brands Global stock opened at $32.36 on Friday. Dine Brands Global, Inc. has a 12-month low of $18.63 and a 12-month high of $39.68. The company has a market capitalization of $466.63 million, a price-to-earnings ratio of 14.45 and a beta of 0.97. The firm’s 50-day moving average price is $34.66 and its two-hundred day moving average price is $28.95.

Dine Brands Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Wednesday, March 18th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, March 18th. This represents a $0.76 annualized dividend and a dividend yield of 2.3%. Dine Brands Global’s dividend payout ratio (DPR) is currently 33.93%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DIN. Zacks Research downgraded Dine Brands Global from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Barclays lifted their price objective on shares of Dine Brands Global from $26.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 7th. Mizuho boosted their price objective on shares of Dine Brands Global from $28.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dine Brands Global in a report on Monday, December 29th. Finally, UBS Group lifted their price target on shares of Dine Brands Global from $21.00 to $35.00 and gave the company a “neutral” rating in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Dine Brands Global presently has a consensus rating of “Hold” and a consensus price target of $31.29.

Dine Brands Global Company Profile

Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.