Dine Brands Global (NYSE:DIN) PT Lowered to $40.00 at KeyCorp

Dine Brands Global (NYSE:DIN) had its target price decreased by KeyCorp from $50.00 to $40.00 in a research report sent to investors on Tuesday morning, Benzinga reports. KeyCorp currently has an overweight rating on the restaurant operator’s stock.

A number of other equities research analysts have also weighed in on DIN. Wedbush reduced their target price on shares of Dine Brands Global from $48.00 to $46.00 and set a neutral rating on the stock in a report on Thursday, May 9th. Piper Sandler cut their price target on shares of Dine Brands Global from $49.00 to $48.00 and set a neutral rating on the stock in a report on Thursday, May 9th. Barclays decreased their price objective on Dine Brands Global from $57.00 to $54.00 and set an overweight rating for the company in a report on Thursday, May 9th. Finally, StockNews.com raised Dine Brands Global from a hold rating to a buy rating in a report on Friday, May 3rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $56.86.

Dine Brands Global Stock Performance

Shares of DIN opened at $33.35 on Tuesday. Dine Brands Global has a 52 week low of $31.24 and a 52 week high of $60.98. The stock has a market capitalization of $513.59 million, a price-to-earnings ratio of 5.93 and a beta of 1.74. The stock has a fifty day moving average of $38.61 and a 200-day moving average of $43.47.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, May 8th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.26). Dine Brands Global had a negative return on equity of 35.31% and a net margin of 10.59%. The firm had revenue of $206.24 million during the quarter, compared to analyst estimates of $210.54 million. During the same period in the previous year, the company earned $1.97 EPS. Dine Brands Global’s revenue for the quarter was down 3.5% on a year-over-year basis. As a group, equities analysts forecast that Dine Brands Global will post 6.18 EPS for the current year.

Dine Brands Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Thursday, June 20th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 6.12%. The ex-dividend date of this dividend was Thursday, June 20th. Dine Brands Global’s dividend payout ratio (DPR) is presently 36.30%.

Institutional Investors Weigh In On Dine Brands Global

Several large investors have recently added to or reduced their stakes in DIN. First Eagle Investment Management LLC lifted its stake in Dine Brands Global by 9.9% in the first quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock valued at $12,086,000 after buying an additional 23,400 shares during the period. Olstein Capital Management L.P. lifted its position in shares of Dine Brands Global by 6.9% during the 2nd quarter. Olstein Capital Management L.P. now owns 241,600 shares of the restaurant operator’s stock valued at $8,746,000 after acquiring an additional 15,600 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Dine Brands Global by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 176,464 shares of the restaurant operator’s stock worth $8,761,000 after acquiring an additional 2,286 shares in the last quarter. Nordea Investment Management AB grew its holdings in Dine Brands Global by 9.9% in the fourth quarter. Nordea Investment Management AB now owns 172,399 shares of the restaurant operator’s stock worth $8,680,000 after purchasing an additional 15,546 shares during the period. Finally, Armistice Capital LLC bought a new stake in Dine Brands Global in the fourth quarter valued at $3,724,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

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.