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

Shares of Dine Brands Global, Inc. (NYSE:DIN) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. Four 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 brokerages that have issued a report on the stock in the last year is $44.71.

DIN has been the subject of several research reports. StockNews.com lowered Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Piper Sandler reduced their price objective on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. Wedbush restated an “outperform” rating and set a $47.00 price target on shares of Dine Brands Global in a report on Friday, November 15th. KeyCorp reduced 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 research report on Friday, October 18th. Finally, Barclays lifted 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.

Dine Brands Global Stock Up 2.4 %

Shares of DIN stock opened at $35.92 on Friday. The stock has a 50-day simple moving average of $32.33 and a 200 day simple moving average of $33.92. Dine Brands Global has a fifty-two week low of $28.25 and a fifty-two week high of $52.05. The stock has a market capitalization of $547.64 million, a P/E ratio of 5.98 and a beta of 1.71.

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

Dine Brands Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 5.68%. The ex-dividend date of this dividend is Friday, December 20th. Dine Brands Global’s dividend payout ratio is currently 33.94%.

Institutional Trading of Dine Brands Global

Institutional investors have recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new position in Dine Brands Global in the 3rd quarter worth about $29,000. Summit Securities Group LLC bought a new stake in shares of Dine Brands Global in the 2nd quarter valued at approximately $35,000. Quarry LP increased its holdings 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 buying an additional 567 shares during the last quarter. Signaturefd LLC raised its position in Dine Brands Global by 383.4% during the third quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock valued at $93,000 after acquiring an additional 2,358 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Dine Brands Global in the second quarter valued at approximately $111,000. Institutional investors and hedge funds 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.