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

Shares of Dine Brands Global, Inc. (NYSE:DIN) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $46.43.

A number of equities research analysts have recently weighed in on DIN shares. KeyCorp cut their price target on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. 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. StockNews.com raised Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. Finally, CL King cut Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday.

Hedge Funds Weigh In On Dine Brands Global

Several institutional investors and hedge funds have recently made changes to their positions in the company. LSV Asset Management grew its position in Dine Brands Global by 2.8% during the second quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock worth $23,932,000 after buying an additional 18,200 shares in the last quarter. Olstein Capital Management L.P. lifted its stake in Dine Brands Global by 25.1% during the third quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock worth $9,438,000 after purchasing an additional 60,605 shares during the last quarter. Marshall Wace LLP lifted its stake in Dine Brands Global by 3.2% during the second quarter. Marshall Wace LLP now owns 278,087 shares of the restaurant operator’s stock worth $10,067,000 after purchasing an additional 8,518 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in 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 purchasing an additional 23,400 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Dine Brands Global by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 233,464 shares of the restaurant operator’s stock worth $8,451,000 after purchasing an additional 4,427 shares during the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Price Performance

NYSE:DIN opened at $29.85 on Tuesday. The firm has a market cap of $456.68 million, a price-to-earnings ratio of 5.01 and a beta of 1.71. Dine Brands Global has a 1-year low of $28.25 and a 1-year high of $52.05. The firm’s fifty day moving average price is $30.95 and its 200 day moving average price is $35.12.

Dine Brands Global (NYSE:DIN) last announced 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. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The company had revenue of $206.30 million for the quarter, compared to analyst estimates of $210.46 million. During the same period in the prior year, the company posted $1.82 EPS. Dine Brands Global’s quarterly revenue was down 1.0% on a year-over-year basis. As a group, analysts expect that Dine Brands Global will post 5.82 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 20th were issued a dividend of $0.51 per share. The ex-dividend date was Friday, September 20th. This represents a $2.04 annualized dividend and a yield of 6.83%. Dine Brands Global’s payout ratio is presently 34.23%.

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.