Dine Brands Global, Inc. (NYSE:DIN) Receives $41.29 Consensus Target Price from Brokerages

Dine Brands Global, Inc. (NYSE:DIN) has been given an average rating of “Hold” by the eight ratings firms that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $41.29.

A number of research firms recently weighed in on DIN. KeyCorp decreased 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. UBS Group reissued a “neutral” rating and set a $32.00 price target (down previously from $44.00) on shares of Dine Brands Global in a research report on Tuesday, January 7th. Wedbush restated an “outperform” rating and issued a $47.00 price objective on shares of Dine Brands Global in a report on Friday, November 15th. Piper Sandler decreased their price target on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. Finally, StockNews.com lowered shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th.

Hedge Funds Weigh In On Dine Brands Global

Institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers raised its stake in Dine Brands Global by 1.5% during the 4th quarter. Rhumbline Advisers now owns 24,006 shares of the restaurant operator’s stock worth $723,000 after acquiring an additional 362 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Dine Brands Global by 6.3% during the fourth quarter. Russell Investments Group Ltd. now owns 7,032 shares of the restaurant operator’s stock valued at $212,000 after purchasing an additional 414 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Dine Brands Global by 9.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the restaurant operator’s stock valued at $237,000 after purchasing an additional 692 shares during the period. Quadrature Capital Ltd boosted its stake in shares of Dine Brands Global by 6.4% during the third quarter. Quadrature Capital Ltd now owns 13,042 shares of the restaurant operator’s stock valued at $408,000 after purchasing an additional 786 shares during the period. Finally, Quarry LP lifted its stake in Dine Brands Global by 36.3% in the third quarter. Quarry LP now owns 3,130 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 834 shares during the period. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Dine Brands Global Trading Down 2.5 %

Dine Brands Global stock opened at $26.02 on Thursday. The firm’s 50 day simple moving average is $29.35 and its 200 day simple moving average is $31.06. The firm has a market capitalization of $396.85 million, a PE ratio of 4.33 and a beta of 1.75. Dine Brands Global has a 1-year low of $25.67 and a 1-year high of $51.35.

Dine Brands Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date of this dividend was Friday, December 20th. Dine Brands Global’s payout ratio is presently 33.94%.

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.