Zacks Investment Research upgraded shares of Dine Brands Global (NYSE:DIN – Get Rating) from a sell rating to a buy rating in a research note published on Tuesday morning, Zacks.com reports. The firm currently has $84.00 price target on the restaurant operator’s stock.
According to Zacks, “Dine Brands Global, Inc. is a full-service dining company. It operates and franchises restaurants under both the Applebee’s Neighborhood Grill & Bar and IHOP brands. The company’s Applebee’s restaurants offer casual food, drinks, casual dining, and table services and IHOP restaurants provide full table services, and food and beverage offerings. Dine Brands Global, Inc. formerly known as Dine Equity Inc., is headquartered in Glendale, California. “
A number of other equities research analysts have also commented on DIN. KeyCorp decreased their price objective on shares of Dine Brands Global from $95.00 to $90.00 in a report on Thursday, March 3rd. Raymond James decreased their price objective on shares of Dine Brands Global from $105.00 to $95.00 and set an outperform rating on the stock in a report on Thursday, March 3rd. MKM Partners reduced their target price on shares of Dine Brands Global from $92.00 to $80.00 in a research note on Thursday, March 3rd. StockNews.com lowered shares of Dine Brands Global from a buy rating to a hold rating in a research note on Wednesday, April 27th. Finally, Wedbush reaffirmed a buy rating and issued a $105.00 target price on shares of Dine Brands Global in a research note on Friday, February 25th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Buy and an average price target of $96.11.
Dine Brands Global (NYSE:DIN – Get Rating) last issued its quarterly earnings data on Wednesday, March 2nd. The restaurant operator reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.04. Dine Brands Global had a net margin of 10.92% and a negative return on equity of 40.90%. The firm had revenue of $229.60 million for the quarter, compared to analyst estimates of $236.67 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The company’s revenue was up 17.1% on a year-over-year basis. On average, equities analysts predict that Dine Brands Global will post 6.03 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 1st. Investors of record on Monday, March 21st were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.50%. This is an increase 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 dividend payout ratio (DPR) is currently 32.45%.
In related news, Director Larry Alan Kay sold 1,950 shares of the stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $72.47, for a total value of $141,316.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.38% of the company’s stock.
A number of hedge funds have recently made changes to their positions in DIN. Allspring Global Investments Holdings LLC acquired a new stake in Dine Brands Global during the 4th quarter worth approximately $101,187,000. Alliancebernstein L.P. raised its holdings in Dine Brands Global by 13.8% during the 4th quarter. Alliancebernstein L.P. now owns 2,031,514 shares of the restaurant operator’s stock worth $154,009,000 after buying an additional 246,837 shares during the period. Clearfield Capital Management LP raised its holdings in Dine Brands Global by 611.5% during the 4th quarter. Clearfield Capital Management LP now owns 225,540 shares of the restaurant operator’s stock worth $17,098,000 after buying an additional 193,840 shares during the period. Simcoe Capital Management LLC raised its holdings in Dine Brands Global by 37.3% during the 4th quarter. Simcoe Capital Management LLC now owns 587,572 shares of the restaurant operator’s stock worth $44,544,000 after buying an additional 159,494 shares during the period. Finally, Norges Bank acquired a new stake in Dine Brands Global during the 4th quarter worth approximately $11,548,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.
Dine Brands Global Company Profile (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.
- Get a free copy of the StockNews.com research report on Dine Brands Global (DIN)
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