Dine Brands Global (NYSE:DIN) Shares Gap Up to $31.23

Dine Brands Global, Inc. (NYSE:DIN)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $31.23, but opened at $33.87. Dine Brands Global shares last traded at $35.57, with a volume of 169,302 shares changing hands.

Wall Street Analyst Weigh In

DIN has been the subject of a number of research analyst reports. Benchmark lowered shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. KeyCorp dropped their target price on Dine Brands Global from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. StockNews.com raised Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Monday, September 2nd. Truist Financial dropped their price objective on Dine Brands Global from $71.00 to $66.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, UBS Group decreased their target price on Dine Brands Global from $56.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $50.71.

Dine Brands Global Stock Up 12.1 %

The firm has a market capitalization of $539.48 million, a PE ratio of 6.26 and a beta of 1.72. The firm’s 50-day moving average price is $31.60 and its two-hundred day moving average price is $37.49.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.07. The company had revenue of $206.30 million during the quarter, compared to analyst estimates of $210.46 million. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 earnings per share. Equities research analysts forecast that Dine Brands Global, Inc. will post 5.86 EPS for the current year.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Friday, September 20th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date of this dividend is Friday, September 20th. Dine Brands Global’s payout ratio is presently 36.30%.

Institutional Investors Weigh In On Dine Brands Global

Institutional investors have recently modified their holdings of the stock. First Eagle Investment Management LLC raised its holdings in shares of Dine Brands Global by 9.9% during the first quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock worth $12,086,000 after acquiring an additional 23,400 shares in the last quarter. Harvest Investment Advisors LLC raised its stake in shares of Dine Brands Global by 4.5% during the 4th quarter. Harvest Investment Advisors LLC now owns 26,979 shares of the restaurant operator’s stock worth $1,340,000 after purchasing an additional 1,169 shares in the last quarter. Quantbot Technologies LP lifted its holdings in shares of Dine Brands Global by 58.7% during the 1st quarter. Quantbot Technologies LP now owns 12,320 shares of the restaurant operator’s stock valued at $573,000 after buying an additional 4,557 shares during the last quarter. Headlands Technologies LLC grew its stake 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 buying an additional 623 shares in the last quarter. Finally, Clearline Capital LP increased its holdings in Dine Brands Global by 225.0% in the second quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock worth $4,510,000 after buying an additional 86,241 shares during the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

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.