Piper Sandler Issues Pessimistic Forecast for Dine Brands Global (NYSE:DIN) Stock Price

Dine Brands Global (NYSE:DIN) had its target price lowered by Piper Sandler from $40.00 to $38.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a neutral rating on the restaurant operator’s stock.

Other analysts also recently issued reports about the stock. Wedbush reaffirmed an “outperform” rating and issued a $47.00 price objective on shares of Dine Brands Global in a report on Friday. 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. Barclays increased their price target on Dine Brands Global from $38.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Benchmark restated a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. Finally, KeyCorp reduced their target price 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. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $44.71.

Dine Brands Global Price Performance

Shares of NYSE:DIN opened at $33.75 on Monday. The firm has a market capitalization of $514.61 million, a P/E ratio of 5.71 and a beta of 1.71. The business’s 50-day moving average is $31.49 and its 200 day moving average is $34.48. Dine Brands Global has a 1 year low of $28.25 and a 1 year high of $52.05.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $195.00 million for the quarter, compared to analyst estimates of $198.40 million. During the same quarter in the prior year, the business posted $1.46 EPS. Dine Brands Global’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, analysts expect that Dine Brands Global will post 5.84 EPS for the current year.

Dine Brands Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date of this dividend was Friday, September 20th. Dine Brands Global’s payout ratio is 33.94%.

Hedge Funds Weigh In On Dine Brands Global

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Point72 DIFC Ltd purchased a new position in Dine Brands Global in the 3rd quarter worth approximately $29,000. Summit Securities Group LLC purchased a new position in Dine Brands Global during the second quarter worth approximately $35,000. Quarry LP lifted its position in Dine Brands Global by 32.8% during the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock worth $83,000 after buying an additional 567 shares in the last quarter. Signaturefd LLC boosted its stake in Dine Brands Global by 383.4% during the third quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock worth $93,000 after buying an additional 2,358 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Dine Brands Global in the 2nd quarter valued at $111,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

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.