Dine Brands Global, Inc. (NYSE:DIN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Dine Brands Global, Inc. (NYSE:DIN) have been given a consensus rating of “Moderate Buy” by the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $44.71.

DIN has been the subject of several research analyst reports. CL King downgraded Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Barclays upped their price objective on shares of Dine Brands Global from $38.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. UBS Group cut their target price on shares of Dine Brands Global from $51.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. KeyCorp lowered their price target on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, October 18th. Finally, Truist Financial reiterated a “hold” rating and issued a $37.00 price target (down from $66.00) on shares of Dine Brands Global in a research note on Friday, October 4th.

Dine Brands Global Price Performance

Shares of DIN opened at $29.92 on Wednesday. The firm has a 50 day simple moving average of $32.51 and a two-hundred day simple moving average of $32.85. Dine Brands Global has a one year low of $28.25 and a one year high of $51.35. The company has a market cap of $456.16 million, a P/E ratio of 4.98 and a beta of 1.73.

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

Dine Brands Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 6.82%. The ex-dividend date is Friday, December 20th. Dine Brands Global’s dividend payout ratio is currently 33.94%.

Institutional Investors Weigh In On Dine Brands Global

Institutional investors have recently made changes to their positions in the stock. Verition Fund Management LLC acquired a new position in shares of Dine Brands Global in the third quarter worth approximately $765,000. Factorial Partners LLC boosted its stake in shares of Dine Brands Global by 217.6% in the 3rd quarter. Factorial Partners LLC now owns 104,816 shares of the restaurant operator’s stock valued at $3,273,000 after purchasing an additional 71,816 shares during the last quarter. Clearline Capital LP increased its position in shares of Dine Brands Global by 225.0% during the second quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock worth $4,510,000 after buying an additional 86,241 shares during the period. Olstein Capital Management L.P. raised its stake in Dine Brands Global by 25.1% during the third quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock worth $9,438,000 after buying an additional 60,605 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in Dine Brands Global by 229.1% in the third quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator’s stock valued at $7,799,000 after buying an additional 173,831 shares during the period. 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.