DINE BRANDS GLOBAL (NYSE:DIN) Upgraded at Mizuho

Mizuho upgraded shares of DINE BRANDS GLOBAL (NYSE:DIN) to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

Several other research analysts have also commented on the company. Barclays lifted their price target on DINE BRANDS GLOBAL from $22.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. Sanford C. Bernstein set a $29.00 price target on DINE BRANDS GLOBAL in a report on Wednesday, October 22nd. KeyCorp lifted their target price on shares of DINE BRANDS GLOBAL from $26.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DINE BRANDS GLOBAL in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of DINE BRANDS GLOBAL from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $28.25.

DINE BRANDS GLOBAL Price Performance

DIN opened at $24.14 on Tuesday. The company’s 50 day simple moving average is $25.18 and its two-hundred day simple moving average is $24.02. DINE BRANDS GLOBAL has a 1-year low of $18.63 and a 1-year high of $37.44. The firm has a market capitalization of $371.24 million, a price-to-earnings ratio of 8.05 and a beta of 1.05.

DINE BRANDS GLOBAL (NYSE:DIN) last announced its quarterly earnings data on Wednesday, August 6th. The restaurant operator reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.32). DINE BRANDS GLOBAL had a negative return on equity of 31.66% and a net margin of 5.40%.The company had revenue of $230.78 million for the quarter, compared to analysts’ expectations of $222.69 million. During the same quarter in the previous year, the business posted $1.71 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, equities analysts anticipate that DINE BRANDS GLOBAL will post 5.84 earnings per share for the current fiscal year.

DINE BRANDS GLOBAL Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Friday, September 19th were paid a $0.51 dividend. The ex-dividend date was Friday, September 19th. This represents a $2.04 dividend on an annualized basis and a yield of 8.5%. DINE BRANDS GLOBAL’s dividend payout ratio (DPR) is currently 68.00%.

Insider Buying and Selling at DINE BRANDS GLOBAL

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

Institutional Investors Weigh In On DINE BRANDS GLOBAL

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of DINE BRANDS GLOBAL by 7.4% in the first quarter. Vanguard Group Inc. now owns 1,043,716 shares of the restaurant operator’s stock valued at $24,287,000 after purchasing an additional 71,941 shares during the last quarter. LSV Asset Management grew its holdings in DINE BRANDS GLOBAL by 1.9% during the 1st quarter. LSV Asset Management now owns 647,392 shares of the restaurant operator’s stock valued at $15,065,000 after buying an additional 12,300 shares during the last quarter. Millennium Management LLC grew its holdings in DINE BRANDS GLOBAL by 51.2% during 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. Marshall Wace LLP grew its holdings in DINE BRANDS GLOBAL by 4.1% during the 2nd quarter. Marshall Wace LLP now owns 430,413 shares of the restaurant operator’s stock valued at $10,472,000 after buying an additional 16,970 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in DINE BRANDS GLOBAL by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 367,942 shares of the restaurant operator’s stock valued at $8,954,000 after buying an additional 5,717 shares during the last quarter. Institutional investors and hedge funds 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.