Dine Brands Global (NYSE:DIN) Price Target Lowered to $36.00 at KeyCorp

Dine Brands Global (NYSE:DIN) had its price target trimmed by KeyCorp from $37.00 to $36.00 in a report issued on Friday morning, Benzinga reports. They currently have an overweight rating on the restaurant operator’s stock.

DIN has been the topic of a number of other reports. StockNews.com upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Wedbush upgraded 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 report on Tuesday, October 1st. UBS Group lowered their price target on Dine Brands Global from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Barclays lowered their price target on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Benchmark cut Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.43.

Dine Brands Global Trading Down 4.0 %

DIN opened at $31.42 on Friday. The stock has a market cap of $484.03 million, a PE ratio of 5.59 and a beta of 1.71. Dine Brands Global has a 1 year low of $28.25 and a 1 year high of $53.26. The stock’s 50 day simple moving average is $31.30 and its 200-day simple moving average is $36.03.

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 analysts’ consensus estimates of $1.64 by $0.07. The business had revenue of $206.30 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the business posted $1.82 earnings per share. Equities analysts forecast that Dine Brands Global will post 5.83 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 6.49%. The ex-dividend date was Friday, September 20th. Dine Brands Global’s payout ratio is presently 36.30%.

Institutional Trading of Dine Brands Global

Several large investors have recently made changes to their positions in the business. Summit Securities Group LLC acquired a new position in shares of Dine Brands Global during the second quarter valued at $35,000. Headlands Technologies LLC lifted its stake in shares of Dine Brands Global by 438.7% during the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 623 shares during the period. Quarry LP lifted its stake in shares of Dine Brands Global by 32.8% during the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock valued at $83,000 after acquiring an additional 567 shares during the period. Signaturefd LLC lifted its stake in shares of Dine Brands Global by 383.4% during the third quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock valued at $93,000 after acquiring an additional 2,358 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Dine Brands Global during the second quarter valued at $111,000. 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.