Dine Brands Global, Inc. (NYSE:DIN) Receives $44.71 Consensus PT from Brokerages

Shares of Dine Brands Global, Inc. (NYSE:DIN) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $44.71.

Several equities research analysts have recently commented on the stock. StockNews.com lowered shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. UBS Group reduced their target price on shares of Dine Brands Global from $51.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, November 7th. CL King cut shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Piper Sandler reduced their price objective on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. Finally, Barclays raised their target price on Dine Brands Global from $38.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th.

Dine Brands Global Stock Up 0.7 %

NYSE:DIN opened at $30.66 on Wednesday. The stock has a market cap of $467.44 million, a price-to-earnings ratio of 5.10 and a beta of 1.73. The company’s 50 day moving average price is $32.32 and its 200-day moving average price is $32.72. Dine Brands Global has a 52 week low of $28.25 and a 52 week high of $51.35.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $198.40 million. During the same quarter in the previous year, the firm posted $1.46 EPS. The firm’s revenue was down 3.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Dine Brands Global will post 5.84 earnings per share for the current year.

Dine Brands Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.04 annualized dividend and a yield of 6.65%. Dine Brands Global’s payout ratio is 33.94%.

Institutional Trading of Dine Brands Global

A number of large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Dine Brands Global in the 2nd quarter valued at approximately $111,000. Bank of New York Mellon Corp lifted its position in Dine Brands Global by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 233,464 shares of the restaurant operator’s stock worth $8,451,000 after buying an additional 4,427 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Dine Brands Global by 30.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock worth $117,000 after buying an additional 746 shares during the period. WBI Investments LLC bought a new position in Dine Brands Global during the second quarter valued at $2,624,000. Finally, Summit Financial LLC purchased a new stake in shares of Dine Brands Global in the second quarter valued at $232,000. 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.