Piper Sandler Has Lowered Expectations for Dine Brands Global (NYSE:DIN) Stock Price

Dine Brands Global (NYSE:DIN) had its price target lowered by Piper Sandler from $40.00 to $38.00 in a research note issued to investors on Monday,Benzinga reports. Piper Sandler currently has a neutral rating on the restaurant operator’s stock.

Other equities analysts also recently issued reports about the company. StockNews.com downgraded Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. CL King downgraded shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Truist Financial reaffirmed a “hold” rating and issued a $37.00 price objective (down previously from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. KeyCorp cut their price objective on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, October 18th. Finally, Benchmark restated a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $44.71.

Dine Brands Global Trading Up 0.4 %

DIN stock opened at $32.65 on Monday. The firm has a market cap of $497.93 million, a P/E ratio of 5.41 and a beta of 1.71. The stock’s 50 day simple moving average is $31.73 and its 200 day simple moving average is $34.31. Dine Brands Global has a 12-month low of $28.25 and a 12-month high of $52.05.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $198.40 million. During the same period last year, the firm posted $1.46 EPS. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, research analysts forecast that Dine Brands Global will post 5.84 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 6.25%. The ex-dividend date of this dividend was Friday, September 20th. Dine Brands Global’s dividend payout ratio (DPR) is presently 33.94%.

Institutional Investors Weigh In On Dine Brands Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new position in Dine Brands Global during the 3rd quarter valued at $29,000. Summit Securities Group LLC acquired a new position in Dine Brands Global during the second quarter worth about $35,000. Quarry LP raised its position in Dine Brands Global by 32.8% in the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock worth $83,000 after acquiring an additional 567 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in Dine Brands Global in the 1st quarter valued at about $132,000. Finally, EMC Capital Management bought a new position in shares of Dine Brands Global during the 1st quarter valued at about $137,000. Institutional investors 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.