Dine Brands Global, Inc. (NYSE:DIN) Receives $48.86 Average Price Target from Analysts

Shares of Dine Brands Global, Inc. (NYSE:DIN) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $48.86.

A number of equities analysts recently weighed in on the stock. KeyCorp lowered their price target on shares of Dine Brands Global from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. UBS Group cut their price target on Dine Brands Global from $56.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, August 8th. StockNews.com upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a report on Monday, September 2nd. Benchmark cut Dine Brands Global from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Barclays lowered their price target on shares of Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th.

Institutional Trading of Dine Brands Global

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Summit Securities Group LLC acquired a new stake in shares of Dine Brands Global during the second quarter valued at about $35,000. Headlands Technologies LLC lifted its stake in Dine Brands Global by 438.7% during the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 623 shares in the last quarter. Quarry LP lifted its stake in Dine Brands Global by 207.2% during the fourth quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 489 shares in the last quarter. SG Americas Securities LLC acquired a new position in Dine Brands Global in the 2nd quarter valued at about $111,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Dine Brands Global by 30.1% during the 2nd 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 in the last quarter. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Dine Brands Global Trading Down 3.8 %

DIN stock opened at $29.61 on Monday. The stock has a market cap of $456.14 million, a price-to-earnings ratio of 5.27 and a beta of 1.72. The business’s 50-day moving average is $32.19 and its 200 day moving average is $38.25. Dine Brands Global has a 12-month low of $28.25 and a 12-month high of $54.52.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.71 EPS for the quarter, beating the consensus estimate of $1.64 by $0.07. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The firm had revenue of $206.30 million during the quarter, compared to the consensus estimate of $210.46 million. During the same period in the prior year, the company earned $1.82 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year. As a group, equities analysts forecast that Dine Brands Global will post 5.86 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Friday, September 20th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.04 annualized dividend and a yield of 6.89%. Dine Brands Global’s dividend payout ratio (DPR) is currently 36.30%.

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.