Dine Brands Global’s (DIN) Equal Weight Rating Reiterated at Barclays

Barclays reissued their equal weight rating on shares of Dine Brands Global (NYSE:DIN) in a research report report published on Tuesday, MarketBeat reports. The brokerage currently has a $32.00 price objective on the restaurant operator’s stock, down from their prior price objective of $43.00.

A number of other research firms have also recently commented on DIN. KeyCorp lowered their price target on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. Piper Sandler cut their target price on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. Wedbush reiterated an “outperform” rating and issued a $47.00 price target on shares of Dine Brands Global in a research note on Friday, November 15th. Truist Financial restated a “hold” rating and set a $37.00 price objective (down previously from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. Finally, UBS Group decreased their target price on Dine Brands Global from $51.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $41.43.

Dine Brands Global Price Performance

Shares of DIN stock opened at $27.35 on Tuesday. The company has a market cap of $416.98 million, a price-to-earnings ratio of 4.55 and a beta of 1.75. Dine Brands Global has a 1 year low of $26.85 and a 1 year high of $51.35. The firm has a fifty day moving average price of $32.10 and a 200-day moving average price of $32.21.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.10. The business had revenue of $195.00 million during 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 revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.46 earnings per share. Equities research analysts expect that Dine Brands Global will post 5.84 EPS for the current year.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 7.46%. The ex-dividend date was Friday, December 20th. Dine Brands Global’s payout ratio is 33.94%.

Hedge Funds Weigh In On Dine Brands Global

Several large investors have recently modified their holdings of DIN. Quarry LP lifted its holdings in shares of Dine Brands Global by 32.8% in the 2nd quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock worth $83,000 after acquiring an additional 567 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in 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 purchasing an additional 746 shares during the last quarter. Quadrature Capital Ltd lifted its stake in Dine Brands Global by 6.4% in the third quarter. Quadrature Capital Ltd now owns 13,042 shares of the restaurant operator’s stock worth $408,000 after purchasing an additional 786 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of Dine Brands Global during the third quarter valued at approximately $29,000. Finally, Public Sector Pension Investment Board grew its stake in shares of Dine Brands Global by 5.0% during the second quarter. Public Sector Pension Investment Board now owns 33,879 shares of the restaurant operator’s stock valued at $1,226,000 after buying an additional 1,601 shares during the last quarter. 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.