Dine Brands Global, Inc. (NYSE:DIN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Dine Brands Global, Inc. (NYSE:DIN) have been assigned a consensus rating of “Hold” from the eight brokerages that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $41.29.

Several equities research analysts have recently commented on the company. KeyCorp cut their price objective on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. UBS Group restated a “neutral” rating and set a $32.00 price objective (down from $44.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. CL King downgraded shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Finally, Barclays reiterated an “equal weight” rating and set a $32.00 price target (down previously from $43.00) on shares of Dine Brands Global in a report on Tuesday, January 7th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Rhumbline Advisers boosted its holdings in shares of Dine Brands Global by 1.5% during the fourth quarter. Rhumbline Advisers now owns 24,006 shares of the restaurant operator’s stock worth $723,000 after acquiring an additional 362 shares during the period. Quadrature Capital Ltd lifted its holdings in Dine Brands Global by 6.4% during the 3rd quarter. Quadrature Capital Ltd now owns 13,042 shares of the restaurant operator’s stock worth $408,000 after purchasing an additional 786 shares during the last quarter. Quarry LP boosted its stake in Dine Brands Global by 36.3% in the 3rd quarter. Quarry LP now owns 3,130 shares of the restaurant operator’s stock valued at $98,000 after purchasing an additional 834 shares during the period. Point72 DIFC Ltd acquired a new position in Dine Brands Global in the 3rd quarter valued at $29,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in Dine Brands Global during the 4th quarter worth $30,000. 92.83% of the stock is owned by institutional investors.

Dine Brands Global Stock Performance

Shares of NYSE DIN opened at $26.35 on Thursday. The stock has a 50 day moving average price of $29.77 and a 200 day moving average price of $31.21. The stock has a market capitalization of $401.84 million, a PE ratio of 4.38 and a beta of 1.75. Dine Brands Global has a 52 week low of $25.68 and a 52 week high of $51.35.

Dine Brands Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 20th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 7.74%. The ex-dividend date of this dividend was Friday, December 20th. Dine Brands Global’s payout ratio is 33.94%.

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.