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

Shares of Dine Brands Global, Inc. (NYSE:DIN) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $59.43.

A number of equities analysts have recently weighed in on DIN shares. Barclays dropped their target price on Dine Brands Global from $64.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. Wedbush increased their target price on shares of Dine Brands Global from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. KeyCorp lowered their price target on shares of Dine Brands Global from $57.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Truist Financial increased their price objective on Dine Brands Global from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Finally, StockNews.com cut Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Monday.

Institutional Trading of Dine Brands Global

Several large investors have recently made changes to their positions in the stock. Olstein Capital Management L.P. lifted its holdings in Dine Brands Global by 5.1% in the 1st quarter. Olstein Capital Management L.P. now owns 226,000 shares of the restaurant operator’s stock worth $10,504,000 after purchasing an additional 11,000 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Dine Brands Global in the fourth quarter worth $317,000. Quarry LP lifted its stake in shares of Dine Brands Global by 207.2% in the fourth quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock worth $36,000 after buying an additional 489 shares during the last quarter. Harvest Investment Advisors LLC grew its stake in Dine Brands Global by 4.5% in the 4th quarter. Harvest Investment Advisors LLC now owns 26,979 shares of the restaurant operator’s stock valued at $1,340,000 after buying an additional 1,169 shares during the last quarter. Finally, Armistice Capital LLC acquired a new position in Dine Brands Global during the 4th quarter worth $3,724,000. Institutional investors own 92.83% of the company’s stock.

Dine Brands Global Stock Performance

Shares of NYSE:DIN opened at $45.12 on Friday. Dine Brands Global has a 52 week low of $42.00 and a 52 week high of $69.71. The company has a market cap of $697.24 million, a PE ratio of 7.24 and a beta of 1.68. The firm has a 50 day simple moving average of $45.77 and a 200 day simple moving average of $46.52.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, February 28th. The restaurant operator reported $1.40 EPS for the quarter, topping the consensus estimate of $1.12 by $0.28. The business had revenue of $206.30 million during the quarter, compared to analysts’ expectations of $206.24 million. Dine Brands Global had a negative return on equity of 37.72% and a net margin of 11.69%. Dine Brands Global’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.34 earnings per share. On average, equities analysts predict that Dine Brands Global will post 6.47 earnings per share for the current year.

Dine Brands Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Wednesday, March 20th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend was Tuesday, March 19th. Dine Brands Global’s payout ratio is 32.74%.

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.