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

Shares of Dine Brands Global, Inc. (NYSE:DIN) have earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $44.71.

A number of equities analysts have commented on DIN shares. StockNews.com cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. UBS Group reduced their target price on shares of Dine Brands Global from $51.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, November 7th. CL King lowered shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. KeyCorp cut their price objective on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, October 18th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $37.00 target price (down previously from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th.

Dine Brands Global Trading Up 1.3 %

NYSE DIN opened at $29.92 on Wednesday. The firm’s fifty day moving average price is $32.51 and its two-hundred day moving average price is $32.85. Dine Brands Global has a 1 year low of $28.25 and a 1 year high of $51.35. The firm has a market capitalization of $456.16 million, a P/E ratio of 4.98 and a beta of 1.73.

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

Dine Brands Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.04 annualized dividend and a dividend yield of 6.82%. Dine Brands Global’s dividend payout ratio is presently 33.94%.

Institutional Investors Weigh In On Dine Brands Global

Several institutional investors have recently made changes to their positions in DIN. Quarry LP increased its stake in Dine Brands Global by 32.8% during the 2nd quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock worth $83,000 after acquiring an additional 567 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Dine Brands Global by 30.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock worth $117,000 after purchasing an additional 746 shares in the last quarter. Quadrature Capital Ltd increased its position in shares of Dine Brands Global by 6.4% in the third quarter. Quadrature Capital Ltd now owns 13,042 shares of the restaurant operator’s stock worth $408,000 after purchasing an additional 786 shares during the period. Point72 DIFC Ltd acquired a new position in Dine Brands Global in the third quarter valued at about $29,000. Finally, Public Sector Pension Investment Board lifted its position in Dine Brands Global by 5.0% during the second quarter. Public Sector Pension Investment Board now owns 33,879 shares of the restaurant operator’s stock worth $1,226,000 after purchasing an additional 1,601 shares during the period. 92.83% of the stock is currently owned by institutional investors.

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.