Dine Brands Global, Inc. (NYSE:DIN) Given Average Recommendation of “Moderate Buy” by Analysts

Dine Brands Global, Inc. (NYSE:DIN) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $46.57.

DIN has been the topic of a number of recent research reports. Benchmark cut Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. UBS Group cut their target price on Dine Brands Global from $56.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. StockNews.com cut Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Friday, October 4th. KeyCorp cut their target price on Dine Brands Global from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Barclays cut their target price on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th.

Dine Brands Global Trading Up 3.2 %

Shares of NYSE:DIN opened at $30.22 on Friday. The stock’s 50-day moving average price is $31.15 and its 200-day moving average price is $36.82. Dine Brands Global has a 12-month low of $28.25 and a 12-month high of $53.26. The stock has a market capitalization of $465.54 million, a P/E ratio of 5.38 and a beta of 1.71.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.07. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The firm had revenue of $206.30 million for the quarter, compared to analysts’ expectations of $210.46 million. During the same period last year, the firm earned $1.82 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, research analysts predict that Dine Brands Global will post 5.86 EPS for the current year.

Dine Brands Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were given a dividend of $0.51 per share. The ex-dividend date was Friday, September 20th. This represents a $2.04 annualized dividend and a yield of 6.75%. Dine Brands Global’s payout ratio is 36.30%.

Institutional Trading of Dine Brands Global

Several large investors have recently bought and sold shares of DIN. Quarry LP boosted its position in Dine Brands Global by 207.2% during the 4th quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 489 shares in the last quarter. Virtu Financial LLC bought a new stake in Dine Brands Global during the 4th quarter valued at approximately $317,000. Olstein Capital Management L.P. boosted its position in Dine Brands Global by 5.1% during the 1st quarter. Olstein Capital Management L.P. now owns 226,000 shares of the restaurant operator’s stock valued at $10,504,000 after acquiring an additional 11,000 shares in the last quarter. SpiderRock Advisors LLC bought a new stake in Dine Brands Global during the 1st quarter valued at approximately $235,000. Finally, BNP Paribas Financial Markets boosted its position in Dine Brands Global by 12.5% during the 1st quarter. BNP Paribas Financial Markets now owns 12,832 shares of the restaurant operator’s stock valued at $596,000 after acquiring an additional 1,426 shares in the last quarter. 92.83% of the stock is owned by institutional investors.

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.