KeyCorp Cuts Dine Brands Global (NYSE:DIN) Price Target to $35.00

Dine Brands Global (NYSE:DIN) had its price target cut by KeyCorp from $36.00 to $35.00 in a research report report published on Friday,Benzinga reports. They currently have an overweight rating on the restaurant operator’s stock.

A number of other analysts have also weighed in on the stock. Truist Financial reaffirmed a “hold” rating and set a $37.00 target price (down previously from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. CL King lowered shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. UBS Group reaffirmed a “neutral” rating and set a $32.00 target price (down previously from $44.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. Barclays reissued an “equal weight” rating and issued a $32.00 price target (down previously from $43.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. Finally, Piper Sandler decreased their price target on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. Seven 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, the company presently has an average rating of “Hold” and a consensus price target of $41.29.

Dine Brands Global Stock Performance

Shares of DIN stock opened at $30.37 on Friday. Dine Brands Global has a 52-week low of $25.68 and a 52-week high of $51.35. The company has a 50-day simple moving average of $30.66 and a two-hundred day simple moving average of $31.53. The company has a market capitalization of $463.14 million, a price-to-earnings ratio of 5.05 and a beta of 1.75.

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

Dine Brands Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.04 dividend on an annualized basis and a yield of 6.72%. Dine Brands Global’s dividend payout ratio is currently 33.94%.

Institutional Trading of Dine Brands Global

A number of institutional investors and hedge funds have recently bought and sold shares of DIN. Sei Investments Co. increased its stake in Dine Brands Global by 15.5% during the 2nd quarter. Sei Investments Co. now owns 26,407 shares of the restaurant operator’s stock valued at $956,000 after purchasing an additional 3,543 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Dine Brands Global by 173.6% in the second quarter. AQR Capital Management LLC now owns 140,501 shares of the restaurant operator’s stock worth $5,086,000 after acquiring an additional 89,152 shares during the period. Creative Planning grew its stake in shares of Dine Brands Global by 78.4% in the second quarter. Creative Planning now owns 9,730 shares of the restaurant operator’s stock worth $352,000 after acquiring an additional 4,277 shares during the period. SG Americas Securities LLC grew its stake in shares of Dine Brands Global by 56.9% in the third quarter. SG Americas Securities LLC now owns 4,819 shares of the restaurant operator’s stock worth $150,000 after acquiring an additional 1,748 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Dine Brands Global by 383.4% in the third quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock worth $93,000 after acquiring an additional 2,358 shares during the period. 92.83% of the stock is currently owned by institutional investors.

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.