Dine Brands Global, Inc. (NYSE:DIN) Given Average Rating of “Hold” by Brokerages

Dine Brands Global, Inc. (NYSE:DIN) has received an average recommendation of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $26.00.

DIN has been the subject of a number of research reports. Zacks Research upgraded Dine Brands Global to a “strong sell” rating in a report on Friday, August 8th. Truist Financial lowered their price target on Dine Brands Global from $27.00 to $23.00 and set a “hold” rating for the company in a report on Thursday, May 8th. Barclays lowered their price target on Dine Brands Global from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, August 7th. UBS Group lowered their price target 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. Finally, KeyCorp lowered their price target on Dine Brands Global from $30.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, August 7th.

Dine Brands Global Stock Performance

Shares of NYSE DIN opened at $23.90 on Monday. The firm has a market capitalization of $367.58 million, a price-to-earnings ratio of 7.97 and a beta of 1.05. The stock has a 50 day moving average price of $23.53 and a 200 day moving average price of $23.59. Dine Brands Global has a 52-week low of $18.63 and a 52-week high of $37.44.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results on Wednesday, August 6th. The restaurant operator reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.32). The firm had revenue of $230.78 million during the quarter, compared to analysts’ expectations of $222.69 million. Dine Brands Global had a net margin of 5.40% and a negative return on equity of 31.66%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.71 EPS. Analysts forecast that Dine Brands Global will post 5.84 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Vance Yuwen Chang bought 2,340 shares of the stock in a transaction on Thursday, August 21st. The stock was bought at an average price of $21.10 per share, for a total transaction of $49,374.00. Following the completion of the acquisition, the chief financial officer directly owned 54,130 shares in the company, valued at approximately $1,142,143. This represents a 4.52% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO John W. Peyton bought 4,523 shares of the stock in a transaction on Tuesday, August 19th. The shares were bought at an average price of $22.11 per share, with a total value of $100,003.53. Following the acquisition, the chief executive officer owned 189,563 shares of the company’s stock, valued at $4,191,237.93. This trade represents a 2.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.56% of the stock is owned by corporate insiders.

Institutional Trading of Dine Brands Global

A number of hedge funds have recently bought and sold shares of DIN. Wells Fargo & Company MN lifted its holdings in Dine Brands Global by 14.9% during the fourth quarter. Wells Fargo & Company MN now owns 10,140 shares of the restaurant operator’s stock worth $305,000 after buying an additional 1,316 shares during the period. Barclays PLC lifted its holdings in Dine Brands Global by 8.7% during the fourth quarter. Barclays PLC now owns 39,084 shares of the restaurant operator’s stock worth $1,176,000 after buying an additional 3,138 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Dine Brands Global by 8.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 190,145 shares of the restaurant operator’s stock worth $5,724,000 after buying an additional 14,958 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Dine Brands Global by 9.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the restaurant operator’s stock worth $237,000 after buying an additional 692 shares during the period. Finally, Stifel Financial Corp lifted its holdings in Dine Brands Global by 45.9% during the fourth quarter. Stifel Financial Corp now owns 36,729 shares of the restaurant operator’s stock worth $1,106,000 after buying an additional 11,556 shares during the period. Hedge funds and other institutional investors own 92.83% of the company’s stock.

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.