UBS Group Reaffirms “Neutral” Rating for Dine Brands Global (NYSE:DIN)

UBS Group reiterated their neutral rating on shares of Dine Brands Global (NYSE:DIN) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm currently has a $32.00 price target on the restaurant operator’s stock, down from their prior price target of $44.00.

Several other research analysts have also weighed in on the company. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. StockNews.com lowered Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Barclays reissued an “equal weight” rating and set a $32.00 price objective (down from $43.00) on shares of Dine Brands Global in a research report on Tuesday. CL King cut shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Finally, KeyCorp lowered their target price on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $41.43.

Dine Brands Global Trading Down 6.2 %

Shares of DIN stock opened at $28.19 on Tuesday. The company’s 50-day moving average price is $32.29 and its 200-day moving average price is $32.35. The stock has a market cap of $429.78 million, a price-to-earnings ratio of 4.69 and a beta of 1.75. Dine Brands Global has a twelve month low of $27.97 and a twelve month high of $51.35.

Dine Brands Global (NYSE:DIN) last issued 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 company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $198.40 million. During the same period in the previous year, the firm earned $1.46 earnings per share. Dine Brands Global’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, equities research analysts predict that Dine Brands Global will post 5.84 EPS for the current year.

Dine Brands Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 7.24%. The ex-dividend date was Friday, December 20th. Dine Brands Global’s dividend payout ratio is currently 33.94%.

Institutional Trading of Dine Brands Global

Several hedge funds have recently made changes to their positions in DIN. Bank of New York Mellon Corp grew its holdings in shares of 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 valued at $8,451,000 after purchasing an additional 4,427 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Dine Brands Global by 30.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 746 shares during the period. Rhumbline Advisers grew its stake in shares of Dine Brands Global by 7.3% in the second quarter. Rhumbline Advisers now owns 49,652 shares of the restaurant operator’s stock worth $1,797,000 after acquiring an additional 3,388 shares in the last quarter. Savant Capital LLC purchased a new stake in shares of Dine Brands Global during the second quarter worth $550,000. Finally, LSV Asset Management raised its stake in shares of Dine Brands Global by 2.8% in the second quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock valued at $23,932,000 after acquiring an additional 18,200 shares in the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

About Dine Brands Global

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.