Brokerages Set Dine Brands Global, Inc. (NYSE:DIN) Target Price at $41.43

Dine Brands Global, Inc. (NYSE:DIN) has been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $41.43.

A number of analysts have commented on DIN shares. UBS Group restated a “neutral” rating and issued a $32.00 price target (down previously from $44.00) on shares of Dine Brands Global in a research report on Tuesday, January 7th. Truist Financial restated a “hold” rating and set a $37.00 target price (down previously from $66.00) on shares of Dine Brands Global in a research note on Friday, October 4th. Piper Sandler dropped their price target on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. Wedbush restated an “outperform” rating and set a $47.00 price objective on shares of Dine Brands Global in a research report on Friday, November 15th. Finally, CL King downgraded shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th.

Dine Brands Global Stock Performance

Shares of NYSE:DIN opened at $29.12 on Friday. Dine Brands Global has a 52-week low of $25.68 and a 52-week high of $51.35. The stock has a market capitalization of $444.03 million, a price-to-earnings ratio of 4.84 and a beta of 1.75. The stock’s 50-day simple moving average is $31.22 and its two-hundred day simple moving average is $31.72.

Dine Brands Global (NYSE:DIN) last announced its 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 net margin of 11.31% and a negative return on equity of 37.75%. The company had revenue of $195.00 million during the quarter, compared to analyst estimates of $198.40 million. During the same period in the previous year, the business posted $1.46 earnings per share. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, equities analysts forecast that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 7.01%. The ex-dividend date of this dividend was Friday, December 20th. Dine Brands Global’s dividend payout ratio (DPR) is presently 33.94%.

Institutional Investors Weigh In On Dine Brands Global

Several large investors have recently made changes to their positions in DIN. Rhumbline Advisers lifted its position in Dine Brands Global by 7.3% during the second quarter. Rhumbline Advisers now owns 49,652 shares of the restaurant operator’s stock valued at $1,797,000 after purchasing an additional 3,388 shares during the last quarter. XTX Topco Ltd bought a new stake in Dine Brands Global during the second quarter worth approximately $394,000. Canada Pension Plan Investment Board increased its stake in Dine Brands Global by 400.0% during the second quarter. Canada Pension Plan Investment Board now owns 4,000 shares of the restaurant operator’s stock worth $145,000 after acquiring an additional 3,200 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Dine Brands Global by 15.5% in the 2nd quarter. Sei Investments Co. now owns 26,407 shares of the restaurant operator’s stock worth $956,000 after purchasing an additional 3,543 shares during the period. Finally, Public Sector Pension Investment Board raised its holdings in Dine Brands Global by 5.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 33,879 shares of the restaurant operator’s stock valued at $1,226,000 after buying an additional 1,601 shares during the period. 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.