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

Shares of Dine Brands Global, Inc. (NYSE:DIN) have been given a consensus rating of “Moderate Buy” by the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $44.71.

A number of research analysts have commented on DIN shares. Barclays increased their target price on Dine Brands Global from $38.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. KeyCorp reduced their price objective on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a report on Tuesday, October 29th. UBS Group dropped their target price on shares of Dine Brands Global from $51.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $37.00 price target (down from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th.

Dine Brands Global Trading Up 0.7 %

Shares of NYSE:DIN opened at $30.66 on Wednesday. The firm has a market cap of $467.57 million, a PE ratio of 5.10 and a beta of 1.73. The company has a fifty day simple moving average of $32.32 and a 200 day simple moving average of $32.67. Dine Brands Global has a 12-month low of $28.25 and a 12-month high of $51.35.

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

Dine Brands Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be issued a $0.51 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.65%. Dine Brands Global’s dividend payout ratio (DPR) is presently 33.94%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in Dine Brands Global by 164.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,399 shares of the restaurant operator’s stock worth $2,979,000 after buying an additional 59,360 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Dine Brands Global in the third quarter worth $686,000. Barclays PLC grew its stake in shares of Dine Brands Global by 135.4% in the third quarter. Barclays PLC now owns 35,946 shares of the restaurant operator’s stock worth $1,123,000 after purchasing an additional 20,673 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Dine Brands Global by 1.0% during the third quarter. Geode Capital Management LLC now owns 349,949 shares of the restaurant operator’s stock valued at $10,932,000 after purchasing an additional 3,584 shares in the last quarter. Finally, Harvest Investment Advisors LLC raised its stake in shares of Dine Brands Global by 11.6% during the third quarter. Harvest Investment Advisors LLC now owns 32,591 shares of the restaurant operator’s stock valued at $1,018,000 after purchasing an additional 3,395 shares in the last quarter. Institutional investors own 92.83% of the company’s stock.

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.