Brokerages Set Dine Brands Global, Inc. (NYSE:DIN) Target Price at $41.43

Dine Brands Global, Inc. (NYSE:DIN) has earned an average recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $41.43.

DIN has been the topic of a number of research analyst reports. KeyCorp cut their target price 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. Truist Financial reissued a “hold” rating and issued a $37.00 price objective (down previously from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. Wedbush reaffirmed an “outperform” rating and set a $47.00 target price on shares of Dine Brands Global in a research report on Friday, November 15th. Barclays reissued an “equal weight” rating and issued a $32.00 price target (down from $43.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. Finally, Benchmark restated a “hold” rating on shares of Dine Brands Global in a report on Tuesday, October 29th.

Dine Brands Global Stock Performance

Shares of DIN opened at $30.89 on Friday. Dine Brands Global has a 52 week low of $25.68 and a 52 week high of $51.35. The stock has a 50 day moving average price of $30.85 and a two-hundred day moving average price of $31.67. The firm has a market capitalization of $471.09 million, a P/E ratio of 5.14 and a beta of 1.75.

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

Dine Brands Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 6.60%. The ex-dividend date was Friday, December 20th. Dine Brands Global’s dividend payout ratio (DPR) is presently 33.94%.

Institutional Trading of Dine Brands Global

Hedge funds and other institutional investors have recently modified their holdings of the business. Point72 DIFC Ltd bought a new position in Dine Brands Global in the 3rd quarter worth approximately $29,000. Quarry LP boosted its holdings in shares of Dine Brands Global by 32.8% in the second 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. EMC Capital Management grew its position in shares of Dine Brands Global by 2,570.0% in the fourth quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator’s stock valued at $88,000 after purchasing an additional 2,827 shares in the last quarter. Signaturefd LLC raised its stake in shares of Dine Brands Global by 383.4% during the 3rd quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock valued at $93,000 after purchasing an additional 2,358 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in Dine Brands Global by 400.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,000 shares of the restaurant operator’s stock worth $145,000 after purchasing an additional 3,200 shares during the period. 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.