Dine Brands Global, Inc. (NYSE:DIN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Dine Brands Global, Inc. (NYSE:DIN) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $58.57.

A number of equities analysts have issued reports on DIN shares. KeyCorp cut their price target on Dine Brands Global from $57.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Piper Sandler cut their target price on Dine Brands Global from $49.00 to $48.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. StockNews.com upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Barclays cut their target price on Dine Brands Global from $57.00 to $54.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. Finally, Wedbush cut their target price on Dine Brands Global from $48.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th.

Institutional Investors Weigh In On Dine Brands Global

A number of institutional investors and hedge funds have recently bought and sold shares of DIN. Quarry LP increased its position in shares of Dine Brands Global by 207.2% during the 4th quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 489 shares during the last quarter. Headlands Technologies LLC increased its position in shares of Dine Brands Global by 438.7% during the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 623 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Dine Brands Global during the 1st quarter valued at $132,000. EMC Capital Management purchased a new stake in shares of Dine Brands Global during the 1st quarter valued at $137,000. Finally, Longfellow Investment Management Co. LLC purchased a new stake in shares of Dine Brands Global during the 4th quarter valued at $187,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

Dine Brands Global Price Performance

Shares of DIN stock opened at $34.50 on Wednesday. The business’s 50 day simple moving average is $40.25 and its 200 day simple moving average is $44.18. Dine Brands Global has a one year low of $34.40 and a one year high of $60.98. The stock has a market capitalization of $531.30 million, a PE ratio of 6.14 and a beta of 1.74.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, May 8th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.26). The business had revenue of $206.24 million for the quarter, compared to the consensus estimate of $210.54 million. Dine Brands Global had a negative return on equity of 35.31% and a net margin of 10.59%. Dine Brands Global’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.97 earnings per share. As a group, research analysts expect that Dine Brands Global will post 6.18 earnings per share for the current year.

Dine Brands Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, June 20th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date of this dividend is Thursday, June 20th. Dine Brands Global’s payout ratio is currently 36.30%.

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.