Piper Sandler Lowers Dine Brands Global (NYSE:DIN) Price Target to $38.00

Dine Brands Global (NYSE:DIN) had its price target trimmed by Piper Sandler from $40.00 to $38.00 in a research note released on Monday,Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

Several other equities analysts have also recently weighed in on the stock. Wedbush reiterated an “outperform” rating and issued a $47.00 price objective on shares of Dine Brands Global in a research note on Friday, November 15th. KeyCorp lowered their price objective on shares of 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 reiterated a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. CL King cut shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Finally, StockNews.com cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $44.71.

Dine Brands Global Stock Up 0.9 %

Shares of NYSE DIN opened at $32.52 on Monday. The firm’s 50-day moving average price is $31.66 and its 200-day moving average price is $34.32. The company has a market cap of $495.80 million, a PE ratio of 5.41 and a beta of 1.71. Dine Brands Global has a 52-week low of $28.25 and a 52-week high of $52.05.

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 analysts’ consensus estimates of $1.34 by $0.10. The firm had revenue of $195.00 million for the quarter, compared to the consensus estimate of $198.40 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.46 EPS. As a group, equities research analysts anticipate that Dine Brands Global will post 5.84 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 6.27%. The ex-dividend date was Friday, September 20th. Dine Brands Global’s payout ratio is currently 33.94%.

Institutional Investors Weigh In On Dine Brands Global

Several institutional investors and hedge funds have recently modified their holdings of DIN. Weiss Asset Management LP bought a new stake in shares of Dine Brands Global during the third quarter valued at approximately $6,102,000. Jane Street Group LLC grew its holdings in shares of Dine Brands Global by 229.1% in the third quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator’s stock valued at $7,799,000 after purchasing an additional 173,831 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Dine Brands Global by 173.6% in the second quarter. AQR Capital Management LLC now owns 140,501 shares of the restaurant operator’s stock valued at $5,086,000 after purchasing an additional 89,152 shares in the last quarter. Clearline Capital LP grew its holdings in shares of Dine Brands Global by 225.0% in the second quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock valued at $4,510,000 after purchasing an additional 86,241 shares in the last quarter. Finally, WBI Investments LLC purchased a new position in Dine Brands Global during the second quarter worth $2,624,000. 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.