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

Dine Brands Global, Inc. (NYSE:DINGet Rating) has been given an average rating of “Buy” by the ten brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $97.63.

A number of equities research analysts have weighed in on the company. Raymond James cut their target price on Dine Brands Global from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, March 3rd. MKM Partners dropped their price target on Dine Brands Global from $92.00 to $80.00 in a report on Thursday, March 3rd. Truist Financial upped their price target on Dine Brands Global from $112.00 to $114.00 and gave the company a “buy” rating in a report on Thursday, March 10th. Wedbush reaffirmed a “buy” rating and issued a $105.00 price target on shares of Dine Brands Global in a report on Friday, February 25th. Finally, Zacks Investment Research cut Dine Brands Global from a “buy” rating to a “hold” rating in a report on Friday, May 6th.

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 transaction of $141,316.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.38% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Dine Brands Global by 2.6% during the first quarter. Vanguard Group Inc. now owns 2,113,696 shares of the restaurant operator’s stock valued at $164,763,000 after purchasing an additional 54,446 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Dine Brands Global by 13.8% in the 4th quarter. Alliancebernstein L.P. now owns 2,031,514 shares of the restaurant operator’s stock worth $154,009,000 after acquiring an additional 246,837 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Dine Brands Global in the 4th quarter worth approximately $101,187,000. Simcoe Capital Management LLC lifted 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 in the last quarter. Finally, State Street Corp lifted its holdings in Dine Brands Global by 3.7% during the 1st quarter. State Street Corp now owns 570,271 shares of the restaurant operator’s stock worth $44,711,000 after buying an additional 20,343 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Shares of NYSE DIN opened at $68.21 on Friday. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 12.16 and a beta of 1.89. Dine Brands Global has a 1 year low of $61.38 and a 1 year high of $98.19. The stock’s 50-day simple moving average is $73.87 and its 200-day simple moving average is $75.75.

Dine Brands Global (NYSE:DINGet Rating) last issued its earnings results on Wednesday, May 4th. The restaurant operator reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.10. Dine Brands Global had a negative return on equity of 41.75% and a net margin of 10.53%. The company had revenue of $230.42 million during the quarter, compared to the consensus estimate of $230.18 million. During the same period in the previous year, the firm posted $1.75 earnings per share. Dine Brands Global’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, research analysts expect that Dine Brands Global will post 5.93 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 8th. Investors of record on Monday, June 20th will be given a dividend of $0.51 per share. This is a boost from Dine Brands Global’s previous quarterly dividend of $0.46. The ex-dividend date is Thursday, June 16th. This represents a $2.04 dividend on an annualized basis and a yield of 2.99%. Dine Brands Global’s dividend payout ratio (DPR) is presently 32.80%.

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.

Further Reading

Analyst Recommendations for Dine Brands Global (NYSE:DIN)

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