Brokerages Set Dine Brands Global, Inc. (NYSE:DIN) Price Target at $46.43

Dine Brands Global, Inc. (NYSE:DIN) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $46.14.

Several analysts have recently commented on the stock. UBS Group reduced their price objective on shares of Dine Brands Global from $51.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday. Truist Financial reissued a “hold” rating and set a $37.00 price objective (down from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. CL King downgraded shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday. Barclays increased their price target on Dine Brands Global from $38.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th.

Institutional Trading of Dine Brands Global

Several institutional investors and hedge funds have recently bought and sold shares of the stock. LMR Partners LLP bought a new position in shares of Dine Brands Global during the third quarter valued at approximately $239,000. Quest Partners LLC lifted its holdings in shares of Dine Brands Global by 965.3% during the 3rd quarter. Quest Partners LLC now owns 16,565 shares of the restaurant operator’s stock valued at $517,000 after buying an additional 15,010 shares during the period. Victory Capital Management Inc. bought a new position in Dine Brands Global in the third quarter valued at about $225,000. Aigen Investment Management LP lifted its stake in shares of Dine Brands Global by 65.0% in the 3rd quarter. Aigen Investment Management LP now owns 20,687 shares of the restaurant operator’s stock worth $646,000 after purchasing an additional 8,149 shares during the period. Finally, Olstein Capital Management L.P. increased its holdings in Dine Brands Global by 25.1% during the third quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock valued at $9,438,000 after buying an additional 60,605 shares during the last quarter. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Dine Brands Global Stock Down 2.1 %

NYSE:DIN opened at $35.25 on Tuesday. The stock’s 50-day simple moving average is $31.07 and its 200 day simple moving average is $35.04. Dine Brands Global has a twelve month low of $28.25 and a twelve month high of $52.05. The firm has a market capitalization of $539.33 million, a PE ratio of 5.91 and a beta of 1.71.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.10. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. The firm had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $198.40 million. During the same period in the prior year, the company posted $1.46 EPS. The company’s revenue was down 3.8% on a year-over-year basis. On average, analysts anticipate that Dine Brands Global will post 5.77 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date was Friday, September 20th. Dine Brands Global’s payout ratio is currently 34.23%.

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.