Dine Brands Global (NYSE:DIN) Given Hold Rating at Benchmark

Benchmark reiterated their hold rating on shares of Dine Brands Global (NYSE:DIN) in a research report sent to investors on Tuesday, Benzinga reports.

Several other research analysts have also recently weighed in on DIN. KeyCorp lowered their price target on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. Truist Financial reaffirmed a “hold” rating and issued a $37.00 price objective (down from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. Wedbush upgraded shares of Dine Brands Global from a “neutral” rating to an “outperform” rating and upped their price target for the company from $34.00 to $47.00 in a research note on Tuesday, October 1st. UBS Group dropped their price target on shares of Dine Brands Global from $56.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, StockNews.com upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $46.43.

Dine Brands Global Stock Performance

DIN opened at $30.76 on Tuesday. The firm has a market capitalization of $473.86 million, a PE ratio of 5.56 and a beta of 1.71. Dine Brands Global has a 52-week low of $28.25 and a 52-week high of $53.26. The business’s 50-day simple moving average is $31.15 and its 200 day simple moving average is $35.55.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) 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 firm had revenue of $206.30 million for the quarter, compared to analyst estimates of $210.46 million. During the same quarter in the prior year, the company earned $1.82 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, research analysts forecast that Dine Brands Global will post 5.82 earnings per share for the current year.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 20th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 6.63%. The ex-dividend date was Friday, September 20th. Dine Brands Global’s payout ratio is 36.30%.

Hedge Funds Weigh In On Dine Brands Global

Several large investors have recently modified their holdings of the business. Quarry LP increased its stake in shares of Dine Brands Global by 32.8% in the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock valued at $83,000 after buying an additional 567 shares during the period. Headlands Technologies LLC raised its stake in Dine Brands Global by 438.7% during the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after buying an additional 623 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Dine Brands Global by 3.6% in the second quarter. Nisa Investment Advisors LLC now owns 20,189 shares of the restaurant operator’s stock valued at $742,000 after buying an additional 695 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Dine Brands Global by 30.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock valued at $117,000 after acquiring an additional 746 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new stake in Dine Brands Global during the 2nd quarter worth about $35,000. Institutional investors 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.