Dine Brands Global, Inc. (NYSE:DIN) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Dine Brands Global, Inc. (NYSE:DIN) have received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $59.43.

Several research firms recently commented on DIN. Wedbush lifted their price objective on Dine Brands Global from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. KeyCorp lowered their price objective on shares of Dine Brands Global from $57.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. StockNews.com raised shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Benchmark increased their price target on Dine Brands Global from $63.00 to $68.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, Barclays dropped their price target on Dine Brands Global from $64.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, February 29th.

Institutional Trading of Dine Brands Global

A number of hedge funds and other institutional investors have recently bought and sold shares of DIN. BlackRock Inc. grew its stake in shares of Dine Brands Global by 2.7% during the 2nd quarter. BlackRock Inc. now owns 2,485,504 shares of the restaurant operator’s stock valued at $144,234,000 after acquiring an additional 64,675 shares during the period. Vanguard Group Inc. boosted its position in shares of Dine Brands Global by 2.6% in the first quarter. Vanguard Group Inc. now owns 2,113,696 shares of the restaurant operator’s stock worth $164,763,000 after purchasing an additional 54,446 shares during the period. Alliancebernstein L.P. increased its stake in shares of Dine Brands Global by 0.8% in the fourth quarter. Alliancebernstein L.P. now owns 1,730,661 shares of the restaurant operator’s stock worth $111,801,000 after purchasing an additional 14,212 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Dine Brands Global by 6.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,223,107 shares of the restaurant operator’s stock valued at $60,483,000 after purchasing an additional 77,917 shares during the period. Finally, State Street Corp raised its position in shares of Dine Brands Global by 3.7% during the 1st quarter. State Street Corp now owns 570,271 shares of the restaurant operator’s stock valued at $44,711,000 after purchasing an additional 20,343 shares during the period. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Dine Brands Global Stock Up 0.9 %

NYSE:DIN opened at $42.82 on Friday. The stock has a market cap of $661.57 million, a price-to-earnings ratio of 6.87 and a beta of 1.67. The company’s 50 day moving average price is $45.84 and its 200-day moving average price is $46.66. Dine Brands Global has a 52 week low of $42.00 and a 52 week high of $69.71.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, February 28th. The restaurant operator reported $1.40 EPS for the quarter, beating the consensus estimate of $1.12 by $0.28. Dine Brands Global had a negative return on equity of 37.72% and a net margin of 11.69%. The business had revenue of $206.30 million for the quarter, compared to the consensus estimate of $206.24 million. During the same period last year, the business posted $1.34 EPS. The company’s revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dine Brands Global will post 6.47 earnings per share for the current year.

Dine Brands Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Wednesday, March 20th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date was Tuesday, March 19th. Dine Brands Global’s payout ratio is 32.74%.

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.