Dine Brands Global (NYSE:DIN) Upgraded at StockNews.com

StockNews.com upgraded shares of Dine Brands Global (NYSE:DIN) from a hold rating to a buy rating in a research note issued to investors on Friday morning.

A number of other research firms have also weighed in on DIN. Wedbush upped their price objective on Dine Brands Global from $46.00 to $48.00 and gave the stock a neutral rating in a research report on Thursday, February 29th. KeyCorp decreased their price objective on shares of Dine Brands Global from $57.00 to $52.00 and set an overweight rating for the company in a research note on Tuesday, April 9th. Benchmark upped their price objective 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. Truist Financial increased their target price on shares of Dine Brands Global from $70.00 to $74.00 and gave the stock a buy rating in a research note on Thursday, February 29th. Finally, Barclays reduced 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. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Dine Brands Global currently has an average rating of Moderate Buy and a consensus price target of $59.43.

Dine Brands Global Price Performance

Shares of Dine Brands Global stock opened at $44.49 on Friday. Dine Brands Global has a 1-year low of $42.00 and a 1-year high of $69.05. The stock has a market cap of $687.37 million, a P/E ratio of 7.14 and a beta of 1.68. The stock’s 50 day simple moving average is $45.69 and its 200-day simple moving average is $46.24.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data 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 firm had revenue of $206.30 million for the quarter, compared to analysts’ expectations of $206.24 million. Dine Brands Global had a negative return on equity of 37.72% and a net margin of 11.69%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.34 earnings per share. As a group, research analysts expect that Dine Brands Global will post 6.46 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Wednesday, March 20th were paid a dividend of $0.51 per share. The ex-dividend date was Tuesday, March 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.59%. Dine Brands Global’s dividend payout ratio (DPR) is 32.74%.

Institutional Trading of Dine Brands Global

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP grew its stake in shares of Dine Brands Global by 207.2% during the 4th quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 489 shares during the period. Longfellow Investment Management Co. LLC bought a new position in Dine Brands Global during the 4th quarter valued at $187,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Dine Brands Global by 127.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,254 shares of the restaurant operator’s stock valued at $211,000 after buying an additional 2,381 shares during the last quarter. D.A. Davidson & CO. bought a new position in Dine Brands Global in the third quarter worth about $223,000. Finally, Harbor Advisors LLC acquired a new stake in shares of Dine Brands Global in the 4th quarter worth about $223,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

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.