Dine Brands Global (NYSE:DIN) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of Dine Brands Global (NYSE:DIN) from a hold rating to a buy rating in a report issued on Saturday.

A number of other equities analysts also recently commented on DIN. Benchmark downgraded Dine Brands Global from a buy rating to a hold rating in a research note on Thursday, August 8th. Truist Financial reiterated a hold rating and issued a $37.00 price target (down from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. UBS Group decreased their price objective on shares of Dine Brands Global from $56.00 to $51.00 and set a buy rating for the company in a report on Thursday, August 8th. KeyCorp lowered their target price on shares of Dine Brands Global from $40.00 to $37.00 and set an overweight rating for the company in a research note on Thursday, August 8th. Finally, Barclays reduced 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Dine Brands Global currently has an average rating of Moderate Buy and a consensus target price of $46.57.

Dine Brands Global Stock Down 2.4 %

Shares of DIN opened at $30.55 on Friday. The firm has a market cap of $470.62 million, a price-to-earnings ratio of 5.44 and a beta of 1.71. The business’s 50 day moving average is $31.11 and its two-hundred day moving average is $36.49. Dine Brands Global has a 52-week low of $28.25 and a 52-week high of $53.26.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.07. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. The business had revenue of $206.30 million during the quarter, compared to analyst estimates of $210.46 million. During the same quarter in the previous year, the firm earned $1.82 earnings per share. The business’s revenue was down 1.0% compared to the same quarter last year. On average, equities analysts expect that Dine Brands Global will post 5.83 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 20th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $2.04 annualized dividend and a yield of 6.68%. Dine Brands Global’s dividend payout ratio is presently 36.30%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. LSV Asset Management boosted its position in shares of Dine Brands Global by 2.8% during the second quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock worth $23,932,000 after buying an additional 18,200 shares during the period. Marshall Wace LLP boosted its position in Dine Brands Global by 3.2% during the 2nd quarter. Marshall Wace LLP now owns 278,087 shares of the restaurant operator’s stock worth $10,067,000 after acquiring an additional 8,518 shares during the period. First Eagle Investment Management LLC grew its stake in shares of Dine Brands Global by 9.9% in the first quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock worth $12,086,000 after purchasing an additional 23,400 shares in the last quarter. Olstein Capital Management L.P. increased its holdings in shares of Dine Brands Global by 6.9% during the second quarter. Olstein Capital Management L.P. now owns 241,600 shares of the restaurant operator’s stock valued at $8,746,000 after purchasing an additional 15,600 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Dine Brands Global by 1.9% during 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. Institutional investors 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.