Dine Brands Global (NYSE:DIN) Earns “Hold” Rating from Benchmark

Benchmark reissued their hold rating on shares of Dine Brands Global (NYSE:DIN) in a research report sent to investors on Tuesday, Benzinga reports.

DIN has been the subject of a number of other research reports. StockNews.com upgraded shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Wedbush upgraded Dine Brands Global from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $34.00 to $47.00 in a report on Tuesday, October 1st. Barclays reduced their price target on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Truist Financial reiterated a “hold” rating and issued a $37.00 price objective (down from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. Finally, UBS Group reduced their target price 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.43.

Dine Brands Global Stock Down 1.8 %

DIN stock opened at $30.45 on Tuesday. Dine Brands Global has a twelve month low of $28.25 and a twelve month high of $53.26. The business’s fifty day moving average is $31.03 and its 200-day moving average is $35.40. The company has a market cap of $465.89 million, a P/E ratio of 5.11 and a beta of 1.71.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.07. The company had revenue of $206.30 million during the quarter, compared to analyst estimates of $210.46 million. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.82 EPS. Research analysts anticipate that Dine Brands Global will post 5.82 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date was Friday, September 20th. Dine Brands Global’s dividend payout ratio is presently 34.23%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Summit Securities Group LLC acquired a new position in shares of Dine Brands Global in the second quarter valued at approximately $35,000. Headlands Technologies LLC increased its position in Dine Brands Global by 438.7% during the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 623 shares during the period. Quarry LP grew its position in shares of Dine Brands Global by 32.8% during the 2nd quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock worth $83,000 after purchasing an additional 567 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Dine Brands Global by 383.4% during the third quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock worth $93,000 after purchasing an additional 2,358 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Dine Brands Global in the second quarter valued at approximately $111,000. 92.83% of the stock is owned by institutional investors.

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.