DINE BRANDS GLOBAL (NYSE:DIN) Price Target Raised to $30.00

DINE BRANDS GLOBAL (NYSE:DIN) had its price target upped by KeyCorp from $26.00 to $30.00 in a research note published on Tuesday,Benzinga reports. They currently have an overweight rating on the restaurant operator’s stock.

Several other brokerages have also weighed in on DIN. UBS Group lowered their price objective on 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 dropped their price objective 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. Finally, Barclays lifted their target price on DINE BRANDS GLOBAL from $21.00 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, DINE BRANDS GLOBAL has an average rating of “Hold” and an average price target of $26.86.

DINE BRANDS GLOBAL Stock Performance

Shares of NYSE:DIN opened at $23.17 on Tuesday. DINE BRANDS GLOBAL has a one year low of $18.63 and a one year high of $37.44. The business’s 50-day simple moving average is $25.05 and its 200 day simple moving average is $25.07. The company has a market cap of $362.12 million, a P/E ratio of 6.42 and a beta of 1.18.

DINE BRANDS GLOBAL (NYSE:DIN) last announced its earnings results on Wednesday, May 7th. The restaurant operator reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.15). DINE BRANDS GLOBAL had a net margin of 6.69% and a negative return on equity of 34.70%. The business had revenue of $214.78 million for the quarter, compared to analyst estimates of $216.19 million. During the same quarter in the prior year, the business earned $1.33 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. Analysts predict that DINE BRANDS GLOBAL will post 5.84 earnings per share for the current year.

DINE BRANDS GLOBAL Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Friday, June 20th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 8.81%. The ex-dividend date of this dividend was Friday, June 20th. DINE BRANDS GLOBAL’s dividend payout ratio is presently 56.51%.

Hedge Funds Weigh In On DINE BRANDS GLOBAL

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its position in shares of DINE BRANDS GLOBAL by 6.3% in the fourth quarter. Russell Investments Group Ltd. now owns 7,032 shares of the restaurant operator’s stock worth $212,000 after acquiring an additional 414 shares in the last quarter. Mountain Hill Investment Partners Corp. boosted its stake in DINE BRANDS GLOBAL by 50.0% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 1,500 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 500 shares during the period. Aigen Investment Management LP grew its position in DINE BRANDS GLOBAL by 7.0% during the 1st quarter. Aigen Investment Management LP now owns 10,127 shares of the restaurant operator’s stock worth $236,000 after purchasing an additional 659 shares in the last quarter. Tower Research Capital LLC TRC grew its position in DINE BRANDS GLOBAL by 9.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the restaurant operator’s stock worth $237,000 after purchasing an additional 692 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in DINE BRANDS GLOBAL by 6.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,046 shares of the restaurant operator’s stock valued at $453,000 after purchasing an additional 871 shares during the period. 92.83% of the stock is currently owned by institutional investors and hedge funds.

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.