Dine Brands Global (NYSE:DIN) Given “Outperform” Rating at Wedbush

Wedbush reiterated their outperform rating on shares of Dine Brands Global (NYSE:DIN) in a research note released on Friday,Benzinga reports. Wedbush currently has a $47.00 price target on the restaurant operator’s stock.

A number of other research analysts have also issued reports on the company. UBS Group decreased their target price on Dine Brands Global from $51.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. Truist Financial reiterated a “hold” rating and set a $37.00 target price (down previously from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. Barclays lifted their price target on shares of Dine Brands Global from $38.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, StockNews.com cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $44.71.

Dine Brands Global Stock Down 4.4 %

Shares of NYSE:DIN opened at $33.75 on Friday. Dine Brands Global has a 52-week low of $28.25 and a 52-week high of $52.05. The business has a 50-day moving average price of $31.49 and a 200-day moving average price of $34.48. The stock has a market cap of $514.61 million, a price-to-earnings ratio of 5.71 and a beta of 1.71.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. The company had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $198.40 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. Dine Brands Global’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.46 EPS. As a group, equities analysts anticipate that Dine Brands Global will post 5.84 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were issued a $0.51 dividend. The ex-dividend date was Friday, September 20th. This represents a $2.04 dividend on an annualized basis and a yield of 6.05%. Dine Brands Global’s dividend payout ratio is currently 33.94%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DIN. Headlands Technologies LLC increased its holdings in shares of Dine Brands Global by 438.7% in the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 623 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in Dine Brands Global in the third quarter worth $29,000. Summit Securities Group LLC acquired a new position in Dine Brands Global during the 2nd quarter worth $35,000. Quarry LP raised its position in Dine Brands Global by 32.8% in the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock worth $83,000 after acquiring an additional 567 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in Dine Brands Global in the first quarter worth approximately $132,000. 92.83% of the stock is owned by institutional investors and hedge funds.

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.