Dine Brands Global, Inc. (NYSE:DIN) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Dine Brands Global, Inc. (NYSE:DIN) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $44.71.

A number of analysts recently weighed in on the stock. Barclays upped their price target 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. KeyCorp lowered their target price on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. Piper Sandler reduced their price target on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. UBS Group lowered their price objective on shares of Dine Brands Global from $51.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, CL King cut shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th.

Dine Brands Global Price Performance

Shares of NYSE:DIN opened at $35.92 on Friday. The firm has a market capitalization of $547.64 million, a PE ratio of 5.98 and a beta of 1.71. Dine Brands Global has a 12 month low of $28.25 and a 12 month high of $52.05. The business has a 50-day moving average of $32.33 and a two-hundred day moving average of $33.92.

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, beating analysts’ consensus estimates 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 firm had revenue of $195.00 million for the quarter, compared to analysts’ expectations of $198.40 million. During the same period in the previous year, the company posted $1.46 earnings per share. Dine Brands Global’s revenue was down 3.8% compared to the same quarter last year. As a group, research analysts anticipate that Dine Brands Global will post 5.84 earnings per share for the current year.

Dine Brands Global Dividend Announcement

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

Institutional Trading of Dine Brands Global

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP raised its position in shares of Dine Brands Global by 32.8% during the 2nd quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock worth $83,000 after purchasing an additional 567 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of 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 purchasing an additional 695 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Dine Brands Global by 30.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock worth $117,000 after buying an additional 746 shares in the last quarter. Quadrature Capital Ltd increased its position in Dine Brands Global by 6.4% in the 3rd quarter. Quadrature Capital Ltd now owns 13,042 shares of the restaurant operator’s stock valued at $408,000 after acquiring an additional 786 shares during the period. Finally, Point72 DIFC Ltd bought a new stake in shares of Dine Brands Global during the third quarter valued at about $29,000. 92.83% of the stock is owned by institutional investors and hedge funds.

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.