Brokerages Set Dine Brands Global, Inc. (NYSE:DIN) PT at $46.57

Shares of Dine Brands Global, Inc. (NYSE:DIN) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $46.57.

DIN has been the subject of several analyst reports. UBS Group reduced their price objective on 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. StockNews.com raised Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Saturday. Benchmark cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. KeyCorp reduced their price objective on shares of Dine Brands Global from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Barclays lowered their target price on shares of Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Summit Securities Group LLC purchased a new position in Dine Brands Global during the 2nd quarter valued at about $35,000. Quarry LP lifted its position in Dine Brands Global by 207.2% in the 4th 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 boosted its stake in shares of Dine Brands Global by 438.7% during 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 purchased a new position in shares of Dine Brands Global during the 2nd quarter valued at $111,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Dine Brands Global by 30.1% in the second 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 last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

Dine Brands Global Stock Performance

NYSE DIN opened at $31.30 on Friday. Dine Brands Global has a one year low of $28.25 and a one year high of $53.26. The company has a 50-day simple moving average of $31.13 and a 200-day simple moving average of $36.67. The firm has a market capitalization of $482.18 million, a PE ratio of 5.57 and a beta of 1.71.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.07. The company had revenue of $206.30 million during the quarter, compared to the consensus estimate of $210.46 million. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. Dine Brands Global’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 earnings per share. Equities analysts forecast that Dine Brands Global will post 5.83 earnings per share for the current year.

Dine Brands Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were given a $0.51 dividend. The ex-dividend date was Friday, September 20th. This represents a $2.04 annualized dividend and a dividend yield of 6.52%. Dine Brands Global’s dividend payout ratio (DPR) is presently 36.30%.

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.