Brokerages Set Dine Brands Global, Inc. (NYSE:DIN) Price Target at $44.71

Shares of Dine Brands Global, Inc. (NYSE:DIN) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $44.71.

Several analysts have commented on DIN shares. Benchmark reissued a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. Truist Financial reissued a “hold” rating and set a $37.00 target price (down previously from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. Barclays lifted their price target on shares of Dine Brands Global from $38.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Wedbush reiterated an “outperform” rating and set a $47.00 price objective on shares of Dine Brands Global in a report on Friday, November 15th. Finally, KeyCorp dropped their target price on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th.

Hedge Funds Weigh In On Dine Brands Global

Several hedge funds and other institutional investors have recently modified their holdings of the business. Verition Fund Management LLC acquired a new stake in Dine Brands Global during the third quarter worth about $765,000. Factorial Partners LLC grew its stake in shares of Dine Brands Global by 217.6% in the 3rd quarter. Factorial Partners LLC now owns 104,816 shares of the restaurant operator’s stock valued at $3,273,000 after buying an additional 71,816 shares during the period. Clearline Capital LP increased its holdings in shares of Dine Brands Global by 225.0% during the 2nd quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock worth $4,510,000 after buying an additional 86,241 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of Dine Brands Global during the 3rd quarter valued at approximately $786,000. Finally, Olstein Capital Management L.P. raised its position in shares of Dine Brands Global by 25.1% during the 3rd quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock valued at $9,438,000 after buying an additional 60,605 shares during the period. 92.83% of the stock is owned by hedge funds and other institutional investors.

Dine Brands Global Trading Up 0.7 %

NYSE DIN opened at $30.66 on Wednesday. The stock has a market cap of $467.44 million, a PE ratio of 5.10 and a beta of 1.73. Dine Brands Global has a 12 month low of $28.25 and a 12 month high of $51.35. The company’s 50-day moving average price is $32.32 and its 200-day moving average price is $32.72.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.10. The firm had revenue of $195.00 million during the quarter, compared to the consensus estimate of $198.40 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 earnings per share. As a group, sell-side analysts forecast that Dine Brands Global will post 5.84 earnings per share for the current year.

Dine Brands Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 6.65%. The ex-dividend date is Friday, December 20th. Dine Brands Global’s dividend payout ratio is currently 33.94%.

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.