Dine Brands Global (NYSE:DIN) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Dine Brands Global (NYSE:DIN) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

Other analysts have also issued reports about the company. CL King lowered Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Barclays dropped their price objective on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. UBS Group dropped 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. Benchmark restated a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. Finally, Truist Financial restated a “hold” rating and set a $37.00 price objective (down from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $46.14.

Dine Brands Global Stock Performance

DIN opened at $34.43 on Tuesday. The firm has a market cap of $526.78 million, a P/E ratio of 5.73 and a beta of 1.71. Dine Brands Global has a 52-week low of $28.25 and a 52-week high of $52.05. The business’s fifty day moving average is $31.13 and its 200-day moving average is $34.97.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.10. The company had revenue of $195.00 million for the quarter, compared to analyst estimates of $198.40 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. Dine Brands Global’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.46 EPS. On average, research analysts predict that Dine Brands Global will post 5.77 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders 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 yield of 5.93%. Dine Brands Global’s dividend payout ratio is presently 33.94%.

Hedge Funds Weigh In On Dine Brands Global

Several large investors have recently bought and sold shares of DIN. BNP Paribas Financial Markets increased its stake in shares of Dine Brands Global by 12.5% in the first quarter. BNP Paribas Financial Markets now owns 12,832 shares of the restaurant operator’s stock valued at $596,000 after buying an additional 1,426 shares during the period. Quantbot Technologies LP increased its stake in shares of Dine Brands Global by 58.7% in the first quarter. Quantbot Technologies LP now owns 12,320 shares of the restaurant operator’s stock valued at $573,000 after buying an additional 4,557 shares during the period. Headlands Technologies LLC increased its stake in shares of Dine Brands Global by 438.7% in the first 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. First Eagle Investment Management LLC increased its stake in shares of Dine Brands Global by 9.9% in the first quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock valued at $12,086,000 after buying an additional 23,400 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in shares of Dine Brands Global in the first quarter valued at about $132,000. 92.83% of the stock is currently owned by institutional investors.

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.