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

Shares of Dine Brands Global, Inc. (NYSE:DINGet Rating) have earned a consensus rating of “Buy” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued a report on the stock in the last year is $91.89.

A number of analysts recently issued reports on the company. Truist Financial decreased their price objective on Dine Brands Global from $106.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, August 10th. Barclays boosted their price objective on Dine Brands Global from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, August 10th. StockNews.com assumed coverage on Dine Brands Global in a research note on Wednesday, October 12th. They set a “buy” rating on the stock. KeyCorp boosted their price objective on Dine Brands Global from $82.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, November 3rd. Finally, Raymond James decreased their price objective on Dine Brands Global from $95.00 to $85.00 in a research note on Tuesday, July 19th.

Dine Brands Global Price Performance

NYSE:DIN opened at $74.55 on Friday. The business has a fifty day simple moving average of $68.97 and a two-hundred day simple moving average of $69.96. Dine Brands Global has a 1 year low of $61.03 and a 1 year high of $86.83. The company has a market capitalization of $1.17 billion, a P/E ratio of 13.91 and a beta of 1.73.

Dine Brands Global (NYSE:DINGet Rating) last released its earnings results on Tuesday, August 9th. The restaurant operator reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.07. Dine Brands Global had a negative return on equity of 36.73% and a net margin of 9.62%. The business had revenue of $237.79 million during the quarter, compared to the consensus estimate of $236.25 million. During the same period last year, the business posted $1.94 earnings per share. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, analysts anticipate that Dine Brands Global will post 6.09 earnings per share for the current year.

Dine Brands Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Tuesday, September 20th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Monday, September 19th. Dine Brands Global’s payout ratio is 38.06%.

Institutional Investors Weigh In On Dine Brands Global

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake 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 worth $164,763,000 after purchasing an additional 54,446 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Dine Brands Global by 0.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,405,142 shares of the restaurant operator’s stock worth $91,445,000 after purchasing an additional 10,501 shares during the last quarter. Simcoe Capital Management LLC lifted its stake in Dine Brands Global by 29.4% during the second quarter. Simcoe Capital Management LLC now owns 702,825 shares of the restaurant operator’s stock worth $45,740,000 after purchasing an additional 159,855 shares during the last quarter. State Street Corp lifted its stake in Dine Brands Global by 3.7% during the first quarter. State Street Corp now owns 570,271 shares of the restaurant operator’s stock worth $44,711,000 after purchasing an additional 20,343 shares during the last quarter. Finally, Samlyn Capital LLC purchased a new position in shares of Dine Brands Global in the second quarter worth about $25,465,000. Institutional investors own 99.65% of the company’s stock.

Dine Brands Global Company Profile

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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.

See Also

Analyst Recommendations for Dine Brands Global (NYSE:DIN)

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