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

Shares of Dine Brands Global, Inc. (NYSE:DIN) have received an average recommendation of “Hold” from the eight analysts that are currently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $26.4286.

Several research analysts recently issued reports on the stock. Zacks Research upgraded shares of Dine Brands Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Mizuho upgraded shares of Dine Brands Global to a “hold” rating in a report on Tuesday, October 28th. Barclays decreased their target price on shares of Dine Brands Global from $29.00 to $26.00 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. KeyCorp boosted their price target on Dine Brands Global from $26.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, Sanford C. Bernstein set a $29.00 price target on Dine Brands Global in a research note on Wednesday, October 22nd.

Insider Activity

In other news, Director Richard J. Dahl purchased 3,600 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were bought at an average price of $27.47 per share, for a total transaction of $98,892.00. Following the purchase, the director directly owned 3,600 shares in the company, valued at approximately $98,892. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Howard M. Berk acquired 4,082 shares of Dine Brands Global stock in a transaction on Friday, November 7th. The shares were purchased at an average price of $24.50 per share, with a total value of $100,009.00. Following the completion of the purchase, the director owned 41,947 shares in the company, valued at $1,027,701.50. This represents a 10.78% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders bought 8,332 shares of company stock valued at $220,455. 4.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Dine Brands Global

Hedge funds have recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. lifted its position in Dine Brands Global by 33.3% in the 2nd quarter. Mountain Hill Investment Partners Corp. now owns 2,000 shares of the restaurant operator’s stock valued at $49,000 after acquiring an additional 500 shares in the last quarter. Aigen Investment Management LP raised its stake in shares of Dine Brands Global by 7.0% in the first 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 during the last quarter. AlphaQuest LLC lifted its holdings in shares of Dine Brands Global by 7.9% during the first quarter. AlphaQuest LLC now owns 11,902 shares of the restaurant operator’s stock valued at $277,000 after purchasing an additional 872 shares in the last quarter. Landscape Capital Management L.L.C. boosted its position in shares of Dine Brands Global by 0.4% during the third quarter. Landscape Capital Management L.L.C. now owns 225,608 shares of the restaurant operator’s stock valued at $5,577,000 after buying an additional 875 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Dine Brands Global by 10.6% during the third quarter. Nisa Investment Advisors LLC now owns 10,380 shares of the restaurant operator’s stock valued at $262,000 after buying an additional 999 shares during the last quarter. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Dine Brands Global Stock Performance

Shares of NYSE:DIN opened at $34.75 on Wednesday. The firm has a market capitalization of $501.05 million, a P/E ratio of 15.51 and a beta of 0.91. The stock has a 50 day moving average price of $27.74 and a 200-day moving average price of $25.36. Dine Brands Global has a 52-week low of $18.63 and a 52-week high of $35.34.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, November 5th. The restaurant operator reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.09). The firm had revenue of $216.17 million during the quarter, compared to analysts’ expectations of $221.61 million. Dine Brands Global had a negative return on equity of 26.01% and a net margin of 3.91%.Dine Brands Global’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.44 earnings per share. On average, equities analysts forecast that Dine Brands Global will post 5.84 EPS for the current fiscal year.

Dine Brands Global Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 23rd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, December 23rd. Dine Brands Global’s dividend payout ratio is currently 91.07%.

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.