Dine Brands Global (NYSE:DIN) Trading 3.6% Higher – Still a Buy?

Dine Brands Global, Inc. (NYSE:DIN) rose 3.6% on Friday . The company traded as high as $37.20 and last traded at $36.88. Approximately 55,830 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 434,794 shares. The stock had previously closed at $35.59.

Analyst Upgrades and Downgrades

DIN has been the topic of several recent research reports. KeyCorp reduced their price objective on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, October 18th. Wedbush reaffirmed an “outperform” rating and set a $47.00 price target on shares of Dine Brands Global in a research note on Friday. StockNews.com downgraded shares of Dine Brands Global from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. CL King downgraded shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Finally, Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $46.14.

Dine Brands Global Price Performance

The company’s 50-day moving average is $31.49 and its 200-day moving average is $34.60. The firm has a market capitalization of $538.18 million, a price-to-earnings ratio of 5.87 and a beta of 1.71.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $198.40 million. During the same quarter last year, the firm posted $1.46 earnings per share. Dine Brands Global’s revenue was down 3.8% on a year-over-year basis. Sell-side analysts anticipate that Dine Brands Global, Inc. will post 5.83 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date was Friday, September 20th. Dine Brands Global’s dividend payout ratio (DPR) is presently 33.94%.

Institutional Trading of Dine Brands Global

A number of institutional investors have recently modified their holdings of DIN. Geode Capital Management LLC raised its holdings in Dine Brands Global by 1.0% in the third quarter. Geode Capital Management LLC now owns 349,949 shares of the restaurant operator’s stock valued at $10,932,000 after buying an additional 3,584 shares during the period. Barclays PLC increased its position in shares of Dine Brands Global by 135.4% in the third quarter. Barclays PLC now owns 35,946 shares of the restaurant operator’s stock worth $1,123,000 after acquiring an additional 20,673 shares in the last quarter. Harvest Investment Advisors LLC raised its stake in shares of Dine Brands Global by 11.6% in the 3rd quarter. Harvest Investment Advisors LLC now owns 32,591 shares of the restaurant operator’s stock valued at $1,018,000 after acquiring an additional 3,395 shares during the period. XTX Topco Ltd lifted its holdings in shares of Dine Brands Global by 115.9% during the 3rd quarter. XTX Topco Ltd now owns 23,513 shares of the restaurant operator’s stock valued at $734,000 after acquiring an additional 12,623 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Dine Brands Global by 229.1% during the 3rd quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator’s stock valued at $7,799,000 after acquiring an additional 173,831 shares in the last quarter. Hedge funds and other institutional investors own 92.83% of the company’s stock.

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.