Dine Brands Global, Inc. (NYSE:DIN) Given Average Recommendation of “Moderate Buy” by Brokerages

Dine Brands Global, Inc. (NYSE:DIN) has been given a consensus rating of “Moderate Buy” by the eight analysts that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $44.71.

Several equities analysts have commented on the company. CL King downgraded Dine Brands Global from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. UBS Group reduced their price target on shares of Dine Brands Global from $51.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. StockNews.com downgraded shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. KeyCorp decreased their price target on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. Finally, Benchmark restated a “hold” rating on shares of Dine Brands Global in a report on Tuesday, October 29th.

Dine Brands Global Trading Down 1.0 %

Dine Brands Global stock opened at $30.10 on Wednesday. The firm has a market capitalization of $458.90 million, a PE ratio of 5.01 and a beta of 1.73. Dine Brands Global has a 12-month low of $28.25 and a 12-month high of $51.35. The firm has a 50-day moving average price of $32.31 and a 200-day moving average price of $32.57.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.10. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The business had revenue of $195.00 million during the quarter, compared to analyst estimates of $198.40 million. During the same quarter in the previous year, the business earned $1.46 earnings per share. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, sell-side analysts predict that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.78%. The ex-dividend date is Friday, December 20th. Dine Brands Global’s dividend payout ratio is currently 33.94%.

Institutional Investors Weigh In On Dine Brands Global

A number of hedge funds and other institutional investors have recently bought and sold shares of DIN. LSV Asset Management lifted its holdings in shares of Dine Brands Global by 2.8% during the 2nd quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock valued at $23,932,000 after purchasing an additional 18,200 shares during the last quarter. Geode Capital Management LLC raised its stake in Dine Brands Global by 1.0% in the third quarter. Geode Capital Management LLC now owns 349,949 shares of the restaurant operator’s stock valued at $10,932,000 after buying an additional 3,584 shares during the last quarter. Olstein Capital Management L.P. boosted its holdings in Dine Brands Global by 25.1% in the third quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock worth $9,438,000 after acquiring an additional 60,605 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Dine Brands Global by 3.2% during the second 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 last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Dine Brands Global by 229.1% during the third quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator’s stock valued at $7,799,000 after acquiring an additional 173,831 shares in the last quarter. Hedge funds and other 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.