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

Dine Brands Global, Inc. (NYSE:DIN) has earned a consensus rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $26.29.

Several brokerages recently issued reports on DIN. UBS Group reduced their target price on shares of Dine Brands Global from $25.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Truist Financial reduced their target price on shares of Dine Brands Global from $27.00 to $23.00 and set a “hold” rating for the company in a report on Thursday, May 8th. Wedbush reduced their target price on shares of Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Barclays raised their target price on shares of Dine Brands Global from $21.00 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, May 8th. Finally, Sanford C. Bernstein set a $26.00 price target on shares of Dine Brands Global in a research report on Thursday, March 6th.

Institutional Trading of Dine Brands Global

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Dine Brands Global by 7.4% during the first quarter. Vanguard Group Inc. now owns 1,043,716 shares of the restaurant operator’s stock worth $24,287,000 after acquiring an additional 71,941 shares during the last quarter. LSV Asset Management boosted its position in Dine Brands Global by 1.9% during the first quarter. LSV Asset Management now owns 647,392 shares of the restaurant operator’s stock worth $15,065,000 after acquiring an additional 12,300 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Dine Brands Global by 14.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 601,470 shares of the restaurant operator’s stock valued at $18,104,000 after purchasing an additional 74,387 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Dine Brands Global by 51.2% during the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock worth $11,817,000 after buying an additional 172,013 shares during the last quarter. Finally, Olstein Capital Management L.P. lifted its holdings in Dine Brands Global by 12.6% in the first quarter. Olstein Capital Management L.P. now owns 356,000 shares of the restaurant operator’s stock valued at $8,284,000 after acquiring an additional 39,842 shares during the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Trading Up 0.5%

NYSE DIN opened at $27.86 on Wednesday. The company has a fifty day simple moving average of $22.65 and a two-hundred day simple moving average of $25.88. The stock has a market cap of $435.45 million, a P/E ratio of 7.72 and a beta of 1.18. Dine Brands Global has a 12-month low of $18.63 and a 12-month high of $39.21.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.15). The company had revenue of $214.78 million during the quarter, compared to analysts’ expectations of $216.19 million. Dine Brands Global had a negative return on equity of 34.70% and a net margin of 6.69%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 EPS. As a group, sell-side analysts forecast that Dine Brands Global will post 5.84 earnings per share for the current year.

Dine Brands Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Friday, June 20th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $2.04 annualized dividend and a dividend yield of 7.32%. Dine Brands Global’s dividend payout ratio (DPR) 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.