Dine Brands Global, Inc. (NYSE:DIN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Dine Brands Global, Inc. (NYSE:DIN) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $46.57.

Several equities analysts have weighed in on DIN shares. KeyCorp reduced their price objective on Dine Brands Global from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Wedbush upgraded Dine Brands Global from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $34.00 to $47.00 in a research report on Tuesday, October 1st. Benchmark downgraded Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Barclays dropped their target price on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Truist Financial restated 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.

Institutional Investors Weigh In On Dine Brands Global

A number of institutional investors and hedge funds have recently made changes to their positions in DIN. Quarry LP raised its position in shares of Dine Brands Global by 207.2% in the fourth quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock worth $36,000 after buying an additional 489 shares in the last quarter. Virtu Financial LLC purchased a new stake in Dine Brands Global during the fourth quarter valued at about $317,000. Olstein Capital Management L.P. raised its position in Dine Brands Global by 5.1% during the first quarter. Olstein Capital Management L.P. now owns 226,000 shares of the restaurant operator’s stock valued at $10,504,000 after purchasing an additional 11,000 shares in the last quarter. SpiderRock Advisors LLC purchased a new stake in Dine Brands Global during the first quarter valued at about $235,000. Finally, BNP Paribas Financial Markets raised its position in Dine Brands Global by 12.5% during the first quarter. BNP Paribas Financial Markets now owns 12,832 shares of the restaurant operator’s stock valued at $596,000 after purchasing an additional 1,426 shares in the last quarter. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Dine Brands Global Trading Up 3.2 %

Shares of NYSE DIN opened at $30.22 on Friday. The stock has a fifty day simple moving average of $31.15 and a two-hundred day simple moving average of $36.82. Dine Brands Global has a 1-year low of $28.25 and a 1-year high of $53.26. The firm has a market cap of $465.54 million, a price-to-earnings ratio of 5.38 and a beta of 1.71.

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

Dine Brands Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 20th were given a $0.51 dividend. The ex-dividend date was Friday, September 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.75%. Dine Brands Global’s dividend payout ratio (DPR) is presently 36.30%.

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.