Dine Brands Global (NYSE:DIN) Downgraded by Benchmark to “Hold”

Benchmark cut shares of Dine Brands Global (NYSE:DIN) from a buy rating to a hold rating in a research report report published on Thursday morning, MarketBeat.com reports.

DIN has been the topic of several other reports. Barclays cut their price target on shares of Dine Brands Global from $57.00 to $54.00 and set an overweight 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. StockNews.com cut shares of Dine Brands Global from a buy rating to a hold rating in a report on Wednesday. Wedbush dropped their target price on shares of Dine Brands Global from $46.00 to $37.00 and set a neutral rating on the stock in a report on Tuesday, July 30th. Finally, KeyCorp dropped their target price on shares of Dine Brands Global from $50.00 to $40.00 and set an overweight rating on the stock in a report on Tuesday, July 9th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $48.86.

Dine Brands Global Stock Performance

Shares of DIN stock traded up $0.44 on Thursday, hitting $30.19. The stock had a trading volume of 669,082 shares, compared to its average volume of 353,400. The firm has a market capitalization of $465.08 million, a price-to-earnings ratio of 5.32 and a beta of 1.74. The stock’s 50 day moving average is $35.45 and its 200-day moving average is $41.66. Dine Brands Global has a 52-week low of $29.25 and a 52-week high of $58.51.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.07. The business had revenue of $206.30 million during the quarter, compared to the consensus estimate of $210.46 million. Dine Brands Global had a net margin of 10.59% and a negative return on equity of 35.31%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 earnings per share. Equities analysts expect that Dine Brands Global will post 6.16 earnings per share for the current year.

Dine Brands Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Thursday, June 20th were issued a $0.51 dividend. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.76%. Dine Brands Global’s dividend payout ratio (DPR) is presently 36.30%.

Institutional Trading of Dine Brands Global

A number of large investors have recently modified their holdings of the company. Quarry LP increased its holdings in shares of Dine Brands Global by 207.2% in the 4th quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 489 shares during the period. Headlands Technologies LLC increased its holdings in shares of Dine Brands Global by 438.7% in the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 623 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Dine Brands Global by 3.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 20,189 shares of the restaurant operator’s stock worth $742,000 after acquiring an additional 695 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Dine Brands Global by 30.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock worth $117,000 after acquiring an additional 746 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in shares of Dine Brands Global in the 2nd quarter worth about $35,000. Institutional investors and hedge funds 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.