Dine Brands Global (NYSE:DIN) Shares Gap Up to $31.23

Dine Brands Global, Inc. (NYSE:DIN)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $31.23, but opened at $33.87. Dine Brands Global shares last traded at $35.57, with a volume of 169,302 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Truist Financial decreased their price objective on shares of Dine Brands Global from $71.00 to $66.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Wedbush upgraded Dine Brands Global from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $34.00 to $47.00 in a research note on Tuesday. UBS Group cut their price objective 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. KeyCorp decreased their target price on Dine Brands Global from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Barclays lowered their price target on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Dine Brands Global currently has an average rating of “Moderate Buy” and a consensus target price of $50.71.

Dine Brands Global Stock Performance

The stock has a market cap of $539.48 million, a P/E ratio of 6.26 and a beta of 1.72. The firm has a 50 day moving average of $31.60 and a two-hundred day moving average of $37.49.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $206.30 million during the quarter, compared to analysts’ expectations of $210.46 million. During the same period in the prior year, the business earned $1.82 earnings per share. Dine Brands Global’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Dine Brands Global, Inc. will post 5.86 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, September 20th. This represents a $2.04 annualized dividend and a dividend yield of 5.83%. Dine Brands Global’s payout ratio is 36.30%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Summit Securities Group LLC acquired a new position in Dine Brands Global in the 2nd quarter valued at approximately $35,000. Quarry LP boosted its stake in Dine Brands Global by 207.2% during the fourth quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock worth $36,000 after buying an additional 489 shares in the last quarter. Headlands Technologies LLC increased its holdings in Dine Brands Global by 438.7% in the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 623 shares during the period. SG Americas Securities LLC acquired a new position in shares of Dine Brands Global in the 2nd quarter valued at $111,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Dine Brands Global by 30.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock worth $117,000 after acquiring an additional 746 shares during the period. Institutional investors and hedge funds 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.