Zacks Investment Research Lowers Dine Brands Global (DIN) to Sell

Zacks Investment Research lowered shares of Dine Brands Global (NYSE:DIN) from a hold rating to a sell rating in a report published on Thursday.

According to Zacks, “Dine Brands Global, Inc. is a full-service dining company. It operates and franchises restaurants under both the Applebee’s Neighborhood Grill & Bar and IHOP brands. The company’s Applebee’s restaurants offer casual food, drinks, casual dining, and table services and IHOP restaurants provide full table services, and food and beverage offerings. Dine Brands Global, Inc. formerly known as Dine Equity Inc., is headquartered in Glendale, California. “

Several other research firms have also issued reports on DIN. ValuEngine raised shares of Dine Brands Global from a hold rating to a buy rating in a research note on Saturday, November 10th. Raymond James lowered shares of Dine Brands Global from a strong-buy rating to an outperform rating and increased their target price for the stock from $92.50 to $108.00 in a research note on Monday, September 10th. TheStreet raised shares of Dine Brands Global from a d+ rating to a c+ rating in a research note on Friday, November 2nd. Finally, Maxim Group increased their target price on shares of Dine Brands Global from $101.00 to $115.00 and gave the stock a buy rating in a research note on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $104.00.

Shares of DIN opened at $82.05 on Thursday. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 18.61 and a beta of -0.04. Dine Brands Global has a fifty-two week low of $48.00 and a fifty-two week high of $95.09.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results on Wednesday, October 31st. The restaurant operator reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.01. The company had revenue of $194.10 million for the quarter, compared to the consensus estimate of $185.98 million. Dine Brands Global had a negative return on equity of 40.87% and a net margin of 19.41%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. Equities analysts anticipate that Dine Brands Global will post 5.25 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Thursday, December 20th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Wednesday, December 19th. Dine Brands Global’s payout ratio is currently 60.72%.

In other news, Director Larry Alan Kay sold 400 shares of the stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $90.32, for a total transaction of $36,128.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.75% of the company’s stock.

Several hedge funds have recently bought and sold shares of DIN. Tompkins Financial Corp purchased a new position in Dine Brands Global in the 3rd quarter valued at about $109,000. Point72 Hong Kong Ltd purchased a new position in Dine Brands Global in the 2nd quarter valued at about $127,000. BlueMountain Capital Management LLC purchased a new position in Dine Brands Global in the 3rd quarter valued at about $146,000. Beacon Investment Advisory Services Inc. purchased a new position in Dine Brands Global in the 2nd quarter valued at about $207,000. Finally, Truvestments Capital LLC purchased a new position in Dine Brands Global in the 2nd quarter valued at about $221,000.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.

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