Dine Brands Global (NYSE:DIN) Price Target Lowered to $44.00 at UBS Group

Dine Brands Global (NYSE:DIN) had its price target cut by UBS Group from $51.00 to $44.00 in a research report report published on Thursday,Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

DIN has been the topic of a number of other reports. CL King lowered shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday. KeyCorp reduced their target price on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a report on Tuesday, October 29th. Truist Financial reiterated a “hold” rating and set a $37.00 target price (down from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. Finally, Barclays increased their target price on shares of Dine Brands Global from $38.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Dine Brands Global presently has a consensus rating of “Hold” and a consensus price target of $46.14.

Dine Brands Global Stock Down 2.3 %

NYSE:DIN traded down $0.81 on Thursday, hitting $34.43. The stock had a trading volume of 477,940 shares, compared to its average volume of 435,107. The company has a fifty day moving average price of $31.07 and a two-hundred day moving average price of $35.04. Dine Brands Global has a 1-year low of $28.25 and a 1-year high of $52.05. The stock has a market cap of $526.74 million, a price-to-earnings ratio of 5.83 and a beta of 1.71.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, topping the consensus estimate of $1.34 by $0.10. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. The firm had revenue of $195.00 million for the quarter, compared to analyst estimates of $198.40 million. During the same period in the prior year, the business posted $1.46 EPS. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, analysts anticipate that Dine Brands Global will post 5.77 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date was Friday, September 20th. Dine Brands Global’s dividend payout ratio is presently 33.94%.

Institutional Investors Weigh In On Dine Brands Global

A number of large investors have recently modified their holdings of DIN. BNP Paribas Financial Markets grew its position in shares of Dine Brands Global by 12.5% in the 1st quarter. BNP Paribas Financial Markets now owns 12,832 shares of the restaurant operator’s stock valued at $596,000 after buying an additional 1,426 shares during the last quarter. Quantbot Technologies LP boosted its stake in Dine Brands Global by 58.7% during the 1st quarter. Quantbot Technologies LP now owns 12,320 shares of the restaurant operator’s stock worth $573,000 after purchasing an additional 4,557 shares during the period. Headlands Technologies LLC boosted its stake in Dine Brands Global by 438.7% during the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 623 shares during the period. First Eagle Investment Management LLC boosted its stake in Dine Brands Global by 9.9% during the 1st 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 during the period. Finally, EntryPoint Capital LLC acquired a new stake in Dine Brands Global during the 1st quarter worth $132,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

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.