Wedbush Cuts Dine Brands Global (NYSE:DIN) Price Target to $26.00

Dine Brands Global (NYSE:DIN) had its target price cut by Wedbush from $28.00 to $26.00 in a report issued on Thursday morning,Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock. Wedbush also issued estimates for Dine Brands Global’s Q4 2024 earnings at $1.38 EPS, FY2024 earnings at $5.86 EPS, Q1 2025 earnings at $1.15 EPS, Q1 2025 earnings at $1.27 EPS, Q2 2025 earnings at $1.63 EPS, Q2 2025 earnings at $1.45 EPS, Q3 2025 earnings at $1.36 EPS, Q3 2025 earnings at $1.50 EPS, Q4 2025 earnings at $1.43 EPS and FY2025 earnings at $5.83 EPS.

Other equities research analysts have also recently issued research reports about the company. UBS Group reissued a “neutral” rating and issued a $32.00 price objective (down previously from $44.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. KeyCorp reduced their price target on shares of Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Piper Sandler lowered their price objective on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. Finally, Barclays reiterated an “equal weight” rating and set a $32.00 price objective (down from $43.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $29.50.

Dine Brands Global Stock Up 2.5 %

Dine Brands Global stock opened at $26.13 on Thursday. The company has a market capitalization of $398.33 million, a PE ratio of 4.35 and a beta of 1.85. Dine Brands Global has a 12-month low of $22.36 and a 12-month high of $50.59. The firm’s fifty day moving average is $27.80 and its 200 day moving average is $30.41.

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

Dine Brands Global Dividend Announcement

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

Institutional Investors Weigh In On Dine Brands Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new position in shares of Dine Brands Global in the third quarter valued at approximately $29,000. Mountain Hill Investment Partners Corp. bought a new position in Dine Brands Global in the 4th quarter valued at $30,000. Ancora Advisors LLC bought a new position in Dine Brands Global in the 4th quarter valued at $40,000. EMC Capital Management raised its stake in shares of Dine Brands Global by 2,570.0% during the 4th quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator’s stock worth $88,000 after purchasing an additional 2,827 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Dine Brands Global during the 4th quarter worth $89,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

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.