Dine Brands Global, Inc. (NYSE:DIN) Given Consensus Rating of “Hold” by Analysts

Dine Brands Global, Inc. (NYSE:DIN) has earned an average rating of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $29.00.

A number of research firms have recently issued reports on DIN. KeyCorp reduced their price target on shares of Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Piper Sandler reduced their price target on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. UBS Group reduced their price target on shares of Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Wedbush reduced their price target on shares of Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Finally, Barclays reduced their price target on shares of Dine Brands Global from $32.00 to $26.00 and set an “equal weight” rating for the company in a research report on Thursday, March 6th.

Hedge Funds Weigh In On Dine Brands Global

A number of hedge funds have recently added to or reduced their stakes in the company. Verition Fund Management LLC acquired a new position in Dine Brands Global during the third quarter valued at approximately $765,000. JPMorgan Chase & Co. grew its holdings in Dine Brands Global by 164.7% during the third quarter. JPMorgan Chase & Co. now owns 95,399 shares of the restaurant operator’s stock valued at $2,979,000 after purchasing an additional 59,360 shares during the last quarter. Cibc World Market Inc. grew its holdings in Dine Brands Global by 640.6% during the fourth quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator’s stock valued at $14,905,000 after purchasing an additional 428,319 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Dine Brands Global by 50.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 29,686 shares of the restaurant operator’s stock valued at $909,000 after purchasing an additional 9,910 shares during the last quarter. Finally, Barclays PLC grew its holdings in Dine Brands Global by 135.4% during the third quarter. Barclays PLC now owns 35,946 shares of the restaurant operator’s stock valued at $1,123,000 after purchasing an additional 20,673 shares during the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Trading Up 1.9 %

DIN stock opened at $24.91 on Monday. Dine Brands Global has a one year low of $22.36 and a one year high of $48.39. The firm has a market capitalization of $379.90 million, a PE ratio of 4.14 and a beta of 1.86. The firm has a 50-day moving average of $27.35 and a two-hundred day moving average of $30.19.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.48). The company had revenue of $204.80 million during the quarter, compared to analysts’ expectations of $200.75 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. Dine Brands Global’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the company earned $1.40 earnings per share. On average, equities research analysts anticipate that Dine Brands Global will post 5.84 earnings per share for the current year.

Dine Brands Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.04 dividend on an annualized basis and a yield of 8.19%. Dine Brands Global’s dividend payout ratio is currently 48.46%.

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.