Dine Brands Global, Inc. (NYSE:DIN) Receives Consensus Recommendation of “Hold” from Analysts

Dine Brands Global, Inc. (NYSE:DIN) has earned an average rating of “Hold” from the eight analysts that are covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $26.29.

A number of research firms have weighed in on DIN. Wedbush cut their price objective on shares of Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Sanford C. Bernstein set a $26.00 price objective on shares of Dine Brands Global in a report on Thursday, March 6th. UBS Group cut their price objective on shares of Dine Brands Global from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. KeyCorp cut their target price on shares of Dine Brands Global from $30.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Finally, Truist Financial cut their target price on shares of Dine Brands Global from $27.00 to $23.00 and set a “hold” rating on the stock in a report on Thursday, May 8th.

Hedge Funds Weigh In On Dine Brands Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mork Capital Management LLC grew its position in Dine Brands Global by 37.5% in the 1st quarter. Mork Capital Management LLC now owns 55,000 shares of the restaurant operator’s stock valued at $1,280,000 after buying an additional 15,000 shares during the last quarter. Millennium Management LLC grew its position in Dine Brands Global by 51.2% in the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after buying an additional 172,013 shares during the last quarter. AQR Capital Management LLC grew its position in Dine Brands Global by 74.7% in the 1st quarter. AQR Capital Management LLC now owns 235,221 shares of the restaurant operator’s stock valued at $5,474,000 after buying an additional 100,580 shares during the last quarter. Maverick Capital Ltd. purchased a new position in Dine Brands Global in the 1st quarter valued at $3,602,000. Finally, Royal Bank of Canada grew its position in Dine Brands Global by 10.7% in the 1st quarter. Royal Bank of Canada now owns 71,451 shares of the restaurant operator’s stock valued at $1,662,000 after buying an additional 6,908 shares during the last quarter. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Dine Brands Global Trading Up 2.9%

DIN stock opened at $23.10 on Friday. Dine Brands Global has a twelve month low of $18.63 and a twelve month high of $40.75. The company’s 50 day moving average is $21.98 and its two-hundred day moving average is $27.01. The stock has a market cap of $361.02 million, a P/E ratio of 3.84 and a beta of 1.11.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.15). Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The company had revenue of $214.78 million for the quarter, compared to analyst estimates of $216.19 million. During the same period in the previous year, the business posted $1.33 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities research analysts predict that Dine Brands Global will post 5.84 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Friday, June 20th will be issued a $0.51 dividend. The ex-dividend date is Friday, June 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.83%. Dine Brands Global’s payout ratio is 56.51%.

Dine Brands Global Company Profile

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.