KeyCorp Issues Pessimistic Forecast for Dine Brands Global (NYSE:DIN) Stock Price

Dine Brands Global (NYSE:DIN) had its price target decreased by KeyCorp from $36.00 to $35.00 in a research report released on Friday,Benzinga reports. KeyCorp currently has an overweight rating on the restaurant operator’s stock.

A number of other research firms have also recently commented on DIN. Benchmark restated a “hold” rating on shares of Dine Brands Global in a report on Tuesday, October 29th. Barclays reissued an “equal weight” rating and set a $32.00 price target (down from $43.00) on shares of Dine Brands Global in a research report on Tuesday, January 7th. CL King downgraded shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. StockNews.com downgraded shares of Dine Brands Global from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Wedbush restated an “outperform” rating and set a $47.00 price objective on shares of Dine Brands Global in a report on Friday, November 15th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $41.29.

Dine Brands Global Stock Performance

DIN stock opened at $30.37 on Friday. Dine Brands Global has a one year low of $25.68 and a one year high of $51.35. The company’s fifty day moving average price is $30.66 and its 200-day moving average price is $31.53. The company has a market capitalization of $463.14 million, a PE ratio of 5.05 and a beta of 1.75.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $198.40 million. During the same quarter in the previous year, the business posted $1.46 earnings per share. Dine Brands Global’s quarterly revenue was down 3.8% on a year-over-year basis. On average, research analysts predict that Dine Brands Global will post 5.84 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 20th were given a dividend of $0.51 per share. The ex-dividend date was Friday, December 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.72%. Dine Brands Global’s payout ratio is currently 33.94%.

Hedge Funds Weigh In On Dine Brands Global

A number of hedge funds have recently made changes to their positions in DIN. Point72 DIFC Ltd purchased a new position in shares of Dine Brands Global during the 3rd quarter worth approximately $29,000. EMC Capital Management boosted its position in Dine Brands Global by 2,570.0% in the 4th quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator’s stock valued at $88,000 after buying an additional 2,827 shares during the period. Signaturefd LLC boosted its position in Dine Brands Global by 383.4% in the 3rd quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock valued at $93,000 after buying an additional 2,358 shares during the period. Quarry LP boosted its position in Dine Brands Global by 36.3% in the 3rd quarter. Quarry LP now owns 3,130 shares of the restaurant operator’s stock valued at $98,000 after buying an additional 834 shares during the period. Finally, SG Americas Securities LLC boosted its position in Dine Brands Global by 56.9% in the 3rd quarter. SG Americas Securities LLC now owns 4,819 shares of the restaurant operator’s stock valued at $150,000 after buying an additional 1,748 shares during the period. Hedge funds and other 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.