Dine Brands Global (NYSE:DIN) Downgraded by StockNews.com

StockNews.com cut shares of Dine Brands Global (NYSE:DIN) from a buy rating to a hold rating in a research report report published on Wednesday.

Several other equities research analysts have also recently weighed in on the company. Barclays dropped 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. KeyCorp dropped their price objective on Dine Brands Global from $50.00 to $40.00 and set an overweight rating for the company in a report on Tuesday, July 9th. Wedbush dropped their price objective on Dine Brands Global from $46.00 to $37.00 and set a neutral rating for the company in a report on Tuesday, July 30th. Finally, Piper Sandler dropped their price objective on Dine Brands Global from $49.00 to $48.00 and set a neutral rating for the company in a report on Thursday, May 9th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dine Brands Global presently has an average rating of Moderate Buy and an average price target of $48.86.

Dine Brands Global Stock Performance

DIN stock traded up $0.35 during trading on Wednesday, hitting $30.10. 669,101 shares of the company traded hands, compared to its average volume of 353,400. The firm has a market capitalization of $463.69 million, a PE ratio of 5.36 and a beta of 1.74. Dine Brands Global has a 1 year low of $29.25 and a 1 year high of $58.51. The company has a 50-day moving average of $35.27 and a 200-day moving average of $41.55.

Dine Brands Global (NYSE:DIN) last issued 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. Dine Brands Global had a negative return on equity of 35.31% and a net margin of 10.59%. The company had revenue of $206.30 million during the quarter, compared to analysts’ expectations of $210.46 million. During the same period in the prior year, the business posted $1.82 EPS. Dine Brands Global’s quarterly revenue was down 1.0% compared to the same quarter last year. Sell-side analysts expect that Dine Brands Global will post 6.16 EPS for the current year.

Dine Brands Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Thursday, June 20th were paid 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 of this dividend was Thursday, June 20th. Dine Brands Global’s payout ratio is presently 36.30%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its stake in Dine Brands Global by 10.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 23,076 shares of the restaurant operator’s stock valued at $1,146,000 after buying an additional 2,213 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in Dine Brands Global during the fourth quarter valued at $387,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Dine Brands Global by 127.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,254 shares of the restaurant operator’s stock valued at $211,000 after buying an additional 2,381 shares during the last quarter. Harbor Advisors LLC purchased a new position in Dine Brands Global during the fourth quarter valued at $223,000. Finally, South Dakota Investment Council raised its stake in Dine Brands Global by 18.0% during the fourth quarter. South Dakota Investment Council now owns 61,563 shares of the restaurant operator’s stock valued at $3,057,000 after buying an additional 9,394 shares during 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.