Dine Brands Global (NYSE:DIN) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of Dine Brands Global (NYSE:DIN) from a hold rating to a buy rating in a research note released on Saturday morning.

Several other analysts have also weighed in on DIN. Wedbush upgraded Dine Brands Global from a neutral rating to an outperform rating and upped their price objective for the company from $34.00 to $47.00 in a report on Tuesday, October 1st. Barclays reduced their target price on Dine Brands Global from $54.00 to $38.00 and set an overweight rating for the company in a report on Thursday, August 8th. Truist Financial reaffirmed a hold rating and set a $37.00 target price (down from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. UBS Group reduced their target price on Dine Brands Global from $56.00 to $51.00 and set a buy rating for the company in a report on Thursday, August 8th. Finally, KeyCorp reduced their target price on Dine Brands Global from $40.00 to $37.00 and set an overweight rating for the company in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $46.57.

Dine Brands Global Stock Up 3.6 %

Shares of Dine Brands Global stock opened at $31.30 on Friday. The firm has a market cap of $482.18 million, a price-to-earnings ratio of 5.57 and a beta of 1.71. The business has a fifty day simple moving average of $31.13 and a 200-day simple moving average of $36.73. Dine Brands Global has a fifty-two week low of $28.25 and a fifty-two week high of $53.26.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data 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 analyst estimates of $210.46 million. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The company’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.82 earnings per share. Analysts anticipate that Dine Brands Global will post 5.83 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 6.52%. The ex-dividend date was Friday, September 20th. Dine Brands Global’s payout ratio is currently 36.30%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Quarry LP increased its position in 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 purchasing an additional 489 shares during the last quarter. Headlands Technologies LLC increased its position in 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 purchasing an additional 623 shares during the last quarter. Nisa Investment Advisors LLC increased its position in 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 purchasing an additional 695 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 purchasing an additional 746 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in Dine Brands Global in the 2nd quarter worth about $35,000. 92.83% of the stock is owned by institutional investors and hedge funds.

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.