Dine Brands Global, Inc. (NYSE:DIN) Given Consensus Rating of “Hold” by Analysts

Dine Brands Global, Inc. (NYSE:DIN) has received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $29.50.

A number of analysts have recently weighed in on DIN shares. Barclays reduced their price target on shares of Dine Brands Global from $32.00 to $26.00 and set an “equal weight” rating for the company in a research note on Thursday. Truist Financial reduced their price target on shares of Dine Brands Global from $37.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday. Piper Sandler reduced 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. UBS Group reduced their price target on shares of Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, KeyCorp dropped 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.

Institutional Investors Weigh In On Dine Brands Global

Large investors have recently made changes to their positions in the company. Point72 DIFC Ltd acquired a new stake in shares of Dine Brands Global during the third quarter valued at approximately $29,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Dine Brands Global during the fourth quarter valued at approximately $30,000. Ancora Advisors LLC acquired a new stake in shares of Dine Brands Global during the fourth quarter valued at approximately $40,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Dine Brands Global during the fourth quarter valued at approximately $89,000. Finally, EMC Capital Management raised its holdings in shares of Dine Brands Global by 2,570.0% during the fourth quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator’s stock valued at $88,000 after acquiring an additional 2,827 shares during the period. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Stock Up 2.5 %

Dine Brands Global stock opened at $26.13 on Monday. The firm has a 50-day moving average price of $27.80 and a two-hundred day moving average price of $30.39. The firm has a market capitalization of $398.33 million, a price-to-earnings ratio of 4.35 and a beta of 1.85. Dine Brands Global has a 52-week low of $22.36 and a 52-week high of $50.59.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.48). The company had revenue of $204.80 million during the quarter, compared to analyst estimates of $200.75 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The company’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $1.40 earnings per share. Research analysts expect that Dine Brands Global will post 5.84 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.51 per share. The ex-dividend date is Monday, March 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 7.81%. Dine Brands Global’s dividend payout ratio is currently 48.46%.

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.