Dine Brands Global, Inc. (NYSE:DIN) Given Consensus Rating of “Hold” by Brokerages

Dine Brands Global, Inc. (NYSE:DIN) has received a consensus recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $29.00.

Several brokerages recently issued reports on DIN. Piper Sandler reduced their target price on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. Wedbush reduced their target price on Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Truist Financial reduced their target price on Dine Brands Global from $37.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, March 6th. UBS Group reduced their target price on Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Finally, KeyCorp cut their price objective on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Friday, January 31st.

Dine Brands Global Price Performance

Shares of NYSE DIN opened at $24.91 on Monday. The stock has a market capitalization of $379.90 million, a P/E ratio of 4.14 and a beta of 1.85. Dine Brands Global has a 1-year low of $22.36 and a 1-year high of $47.55. The business has a fifty day moving average price of $27.35 and a 200 day moving average price of $30.16.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.48). Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The business had revenue of $204.80 million for the quarter, compared to analyst estimates of $200.75 million. During the same period in the prior year, the company earned $1.40 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. As a group, equities research analysts anticipate that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.19%. The ex-dividend date of this dividend is Monday, March 17th. Dine Brands Global’s dividend payout ratio is presently 48.46%.

Institutional Trading of Dine Brands Global

Several hedge funds and other institutional investors have recently bought and sold shares of DIN. Cibc World Market Inc. grew its holdings in Dine Brands Global by 640.6% during the fourth quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator’s stock worth $14,905,000 after acquiring an additional 428,319 shares during the period. Schonfeld Strategic Advisors LLC grew its holdings in Dine Brands Global by 691.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 290,403 shares of the restaurant operator’s stock worth $8,741,000 after acquiring an additional 253,688 shares during the period. Weiss Asset Management LP acquired a new stake in Dine Brands Global during the third quarter worth about $6,102,000. Seven Six Capital Management LLC acquired a new stake in Dine Brands Global during the fourth quarter worth about $5,475,000. Finally, Jane Street Group LLC grew its holdings in Dine Brands Global by 229.1% during the third quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator’s stock worth $7,799,000 after acquiring an additional 173,831 shares during the period. 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.