Dine Brands Global, Inc. (NYSE:DIN) Receives Average Recommendation of “Buy” from Brokerages

Dine Brands Global, Inc. (NYSE:DINGet Rating) has earned an average rating of “Buy” from the ten analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $97.63.

Several analysts recently issued reports on DIN shares. Zacks Investment Research downgraded Dine Brands Global from a “hold” rating to a “sell” rating in a report on Monday, January 24th. StockNews.com upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Wednesday, March 30th. Deutsche Bank Aktiengesellschaft lowered their target price on Dine Brands Global from $99.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, March 3rd. KeyCorp lowered their target price on Dine Brands Global from $95.00 to $90.00 in a research report on Thursday, March 3rd. Finally, MKM Partners lowered their target price on Dine Brands Global from $92.00 to $80.00 in a research report on Thursday, March 3rd.

NYSE:DIN traded up $0.52 during trading hours on Monday, reaching $75.94. 533 shares of the stock were exchanged, compared to its average volume of 301,349. The firm has a 50 day simple moving average of $75.55 and a 200-day simple moving average of $77.08. Dine Brands Global has a 52 week low of $61.38 and a 52 week high of $100.70. The stock has a market capitalization of $1.28 billion, a P/E ratio of 13.30 and a beta of 1.96.

Dine Brands Global (NYSE:DINGet Rating) last announced its quarterly earnings results on Wednesday, March 2nd. The restaurant operator reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.04. The business had revenue of $229.60 million for the quarter, compared to the consensus estimate of $236.67 million. Dine Brands Global had a negative return on equity of 40.90% and a net margin of 10.92%. The business’s revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. Research analysts predict that Dine Brands Global will post 6.03 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 1st. Investors of record on Monday, March 21st were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.42%. This is a boost from Dine Brands Global’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, March 18th. Dine Brands Global’s payout ratio is presently 32.45%.

In related news, Director Larry Alan Kay sold 1,950 shares of Dine Brands Global stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $72.47, for a total value of $141,316.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.38% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Divisadero Street Capital Management LP acquired a new stake in shares of Dine Brands Global in the fourth quarter worth $34,000. Consolidated Planning Corp acquired a new stake in shares of Dine Brands Global in the third quarter worth $58,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Dine Brands Global in the third quarter worth $67,000. Dupont Capital Management Corp acquired a new stake in shares of Dine Brands Global in the fourth quarter worth $173,000. Finally, First Mercantile Trust Co. boosted its position in shares of Dine Brands Global by 21.6% in the third quarter. First Mercantile Trust Co. now owns 2,420 shares of the restaurant operator’s stock worth $197,000 after buying an additional 430 shares during the period. Institutional investors and hedge funds own 86.47% of the company’s stock.

About Dine Brands Global (Get Rating)

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through five segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.

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Analyst Recommendations for Dine Brands Global (NYSE:DIN)

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