Dine Brands Global, Inc. (NYSE:DIN – Get 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.
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:DIN – Get 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.
- Get a free copy of the StockNews.com research report on Dine Brands Global (DIN)
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