Dine Brands Global, Inc. (NYSE:DIN) Receives $29.50 Consensus PT from Brokerages

Shares of Dine Brands Global, Inc. (NYSE:DIN) have been assigned an average rating of “Hold” from the eight analysts that are covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $29.00.

Several research firms recently issued reports on DIN. Wedbush decreased their target price on shares of Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. UBS Group decreased their price target on shares of Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Piper Sandler dropped their price objective on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, November 18th. KeyCorp decreased their target price on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Barclays cut their price target on shares of Dine Brands Global from $32.00 to $26.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th.

Hedge Funds Weigh In On Dine Brands Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DIN. Aigen Investment Management LP boosted its stake in Dine Brands Global by 65.0% during the 3rd quarter. Aigen Investment Management LP now owns 20,687 shares of the restaurant operator’s stock valued at $646,000 after acquiring an additional 8,149 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Dine Brands Global in the 3rd quarter valued at about $225,000. Quest Partners LLC lifted its position in shares of Dine Brands Global by 965.3% during the third quarter. Quest Partners LLC now owns 16,565 shares of the restaurant operator’s stock worth $517,000 after purchasing an additional 15,010 shares during the last quarter. LMR Partners LLP acquired a new position in Dine Brands Global in the third quarter worth about $239,000. Finally, Factorial Partners LLC increased its holdings in Dine Brands Global by 217.6% in the third 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 last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

Dine Brands Global Stock Performance

Shares of DIN opened at $26.30 on Monday. Dine Brands Global has a fifty-two week low of $22.36 and a fifty-two week high of $49.28. The stock has a fifty day moving average of $27.57 and a two-hundred day moving average of $30.27. The company has a market capitalization of $401.18 million, a PE ratio of 4.38 and a beta of 1.86.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.48). The business had revenue of $204.80 million for the quarter, compared to analysts’ expectations of $200.75 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $1.40 earnings per share. As a group, equities research analysts forecast that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 7.76%. The ex-dividend date is Monday, March 17th. Dine Brands Global’s dividend payout ratio (DPR) is presently 48.46%.

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.