Dine Brands Global’s (DIN) “Outperform” Rating Reiterated at Wedbush

Wedbush reissued their outperform rating on shares of Dine Brands Global (NYSE:DIN) in a research note released on Thursday morning,Benzinga reports. Wedbush currently has a $47.00 price objective on the restaurant operator’s stock. Wedbush also issued estimates for Dine Brands Global’s FY2024 earnings at $5.88 EPS, Q1 2025 earnings at $1.40 EPS and Q3 2025 earnings at $1.56 EPS.

Several other equities analysts have also issued reports on the stock. KeyCorp cut their price target on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. Benchmark restated a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. Truist Financial reaffirmed a “hold” rating and set a $37.00 target price (down from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. UBS Group lowered 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. Finally, CL King downgraded shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. 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 a consensus rating of “Hold” and an average price target of $46.14.

Dine Brands Global Price Performance

Shares of NYSE DIN opened at $34.45 on Thursday. The business has a fifty day moving average price of $31.13 and a 200 day moving average price of $34.90. Dine Brands Global has a 1-year low of $28.25 and a 1-year high of $52.05. The stock has a market capitalization of $527.09 million, a P/E ratio of 5.73 and a beta of 1.71.

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 the consensus estimate 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 analyst estimates of $198.40 million. During the same period in the prior year, the firm posted $1.46 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. As a group, equities research analysts anticipate that Dine Brands Global will post 5.77 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 5.92%. The ex-dividend date of this dividend was Friday, September 20th. Dine Brands Global’s payout ratio is 33.94%.

Hedge Funds Weigh In On Dine Brands Global

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its stake in Dine Brands Global by 12.5% during the 1st quarter. BNP Paribas Financial Markets now owns 12,832 shares of the restaurant operator’s stock valued at $596,000 after acquiring an additional 1,426 shares during the period. Quantbot Technologies LP grew its position in Dine Brands Global by 58.7% during the 1st quarter. Quantbot Technologies LP now owns 12,320 shares of the restaurant operator’s stock worth $573,000 after purchasing an additional 4,557 shares during the period. Headlands Technologies LLC raised its stake in shares of Dine Brands Global by 438.7% during the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 623 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Dine Brands Global by 9.9% in the 1st quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock valued at $12,086,000 after buying an additional 23,400 shares during the period. Finally, EntryPoint Capital LLC purchased a new stake in shares of Dine Brands Global in the first quarter worth about $132,000. Institutional investors and hedge funds 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.