Dine Brands Global (NYSE:DIN) Downgraded to “Hold” at StockNews.com

StockNews.com lowered shares of Dine Brands Global (NYSE:DIN) from a buy rating to a hold rating in a research note published on Monday morning.

A number of other equities research analysts also recently weighed in on the stock. Wedbush raised their price target on shares of Dine Brands Global from $46.00 to $48.00 and gave the company a neutral rating in a research note on Thursday, February 29th. KeyCorp reduced their price target on shares of Dine Brands Global from $57.00 to $52.00 and set an overweight rating on the stock in a research note on Tuesday, April 9th. Barclays reduced their price target on shares of Dine Brands Global from $64.00 to $57.00 and set an overweight rating on the stock in a research note on Thursday, February 29th. Truist Financial raised their price target on shares of Dine Brands Global from $70.00 to $74.00 and gave the company a buy rating in a research note on Thursday, February 29th. Finally, Benchmark raised their price target on shares of Dine Brands Global from $63.00 to $68.00 and gave the company a buy rating in a research note on Monday, March 4th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $59.43.

Dine Brands Global Stock Up 2.0 %

Shares of Dine Brands Global stock opened at $44.22 on Monday. The company has a market capitalization of $683.20 million, a price-to-earnings ratio of 7.10 and a beta of 1.68. Dine Brands Global has a 12-month low of $42.00 and a 12-month high of $69.71. The firm’s 50-day moving average price is $45.75 and its two-hundred day moving average price is $46.54.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, February 28th. The restaurant operator reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.28. Dine Brands Global had a net margin of 11.69% and a negative return on equity of 37.72%. The firm had revenue of $206.30 million for the quarter, compared to the consensus estimate of $206.24 million. During the same period in the prior year, the company posted $1.34 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. On average, sell-side analysts expect that Dine Brands Global will post 6.47 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, April 5th. Investors of record on Wednesday, March 20th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $2.04 annualized dividend and a yield of 4.61%. Dine Brands Global’s dividend payout ratio is presently 32.74%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Landscape Capital Management L.L.C. acquired a new position in shares of Dine Brands Global in the 3rd quarter worth approximately $2,513,000. Nordea Investment Management AB lifted its position in shares of Dine Brands Global by 9.9% in the 4th quarter. Nordea Investment Management AB now owns 172,399 shares of the restaurant operator’s stock worth $8,680,000 after purchasing an additional 15,546 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Dine Brands Global by 3.1% in 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 lifted its position in shares of Dine Brands Global by 48.5% in the 3rd quarter. First Eagle Investment Management LLC now owns 166,290 shares of the restaurant operator’s stock worth $8,223,000 after purchasing an additional 54,280 shares during the period. Finally, South Dakota Investment Council acquired a new position in shares of Dine Brands Global in the 3rd quarter worth approximately $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.