Dine Brands Global, Inc. (NYSE:DIN) Receives Consensus Rating of “Moderate Buy” from Analysts

Dine Brands Global, Inc. (NYSE:DIN) has earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $59.43.

Several brokerages have recently commented on DIN. KeyCorp decreased their price objective on Dine Brands Global from $57.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Truist Financial raised their price target on Dine Brands Global from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Wedbush boosted their price target on Dine Brands Global from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Barclays decreased their price objective on shares of Dine Brands Global from $64.00 to $57.00 and set an “overweight” rating for the company in a research report on Thursday, February 29th. Finally, Benchmark boosted their target price on shares of Dine Brands Global from $63.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, March 4th.

Dine Brands Global Stock Performance

DIN stock opened at $42.82 on Friday. The firm has a 50-day simple moving average of $45.84 and a two-hundred day simple moving average of $46.66. Dine Brands Global has a one year low of $42.00 and a one year high of $69.71. The firm has a market cap of $661.57 million, a price-to-earnings ratio of 6.87 and a beta of 1.67.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, February 28th. The restaurant operator reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.28. The company had revenue of $206.30 million during the quarter, compared to analysts’ expectations of $206.24 million. Dine Brands Global had a net margin of 11.69% and a negative return on equity of 37.72%. Dine Brands Global’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.34 earnings per share. As a group, equities analysts predict that Dine Brands Global will post 6.47 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Wednesday, March 20th were given a $0.51 dividend. The ex-dividend date was Tuesday, March 19th. This represents a $2.04 dividend on an annualized basis and a yield of 4.76%. Dine Brands Global’s dividend payout ratio is currently 32.74%.

Hedge Funds Weigh In On Dine Brands Global

Hedge funds and other institutional investors have recently bought and sold shares of the business. Landscape Capital Management L.L.C. purchased a new stake in shares of Dine Brands Global in the 3rd quarter valued at $2,513,000. Nordea Investment Management AB boosted its holdings in Dine Brands Global by 9.9% in the fourth quarter. Nordea Investment Management AB now owns 172,399 shares of the restaurant operator’s stock valued at $8,680,000 after purchasing an additional 15,546 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Dine Brands Global by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 174,178 shares of the restaurant operator’s stock worth $8,613,000 after purchasing an additional 5,250 shares during the period. First Eagle Investment Management LLC raised its stake in shares of Dine Brands Global by 48.5% during the 3rd quarter. First Eagle Investment Management LLC now owns 166,290 shares of the restaurant operator’s stock valued at $8,223,000 after buying an additional 54,280 shares during the last quarter. Finally, South Dakota Investment Council acquired a new position in shares of Dine Brands Global in the 3rd quarter valued at about $2,580,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

About Dine Brands Global

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.