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

Dine Brands Global, Inc. (NYSE:DIN) has been assigned an average rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $26.4286.

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

Dine Brands Global Stock Up 3.1%

Shares of Dine Brands Global stock opened at $33.15 on Friday. Dine Brands Global has a fifty-two week low of $18.63 and a fifty-two week high of $35.34. The business’s fifty day moving average is $29.89 and its two-hundred day moving average is $26.38. The firm has a market cap of $477.98 million, a PE ratio of 14.80 and a beta of 0.92.

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

Dine Brands Global Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 23rd will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.3%. Dine Brands Global’s dividend payout ratio (DPR) is currently 33.93%.

Insiders Place Their Bets

In other news, Director Howard M. Berk bought 4,082 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average cost of $24.50 per share, for a total transaction of $100,009.00. Following the purchase, the director owned 41,947 shares of the company’s stock, valued at $1,027,701.50. This represents a 10.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard J. Dahl bought 3,600 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average price of $27.47 per share, for a total transaction of $98,892.00. Following the acquisition, the director directly owned 3,600 shares in the company, valued at approximately $98,892. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 8,332 shares of company stock valued at $220,455 over the last 90 days. 4.56% of the stock is owned by corporate insiders.

Institutional Trading of Dine Brands Global

Several hedge funds have recently added to or reduced their stakes in the business. Mountain Hill Investment Partners Corp. increased 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 worth $49,000 after buying an additional 500 shares during the period. Landscape Capital Management L.L.C. increased its position in 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 worth $5,577,000 after acquiring an additional 875 shares during the period. Nisa Investment Advisors LLC raised its stake in Dine Brands Global by 10.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 10,380 shares of the restaurant operator’s stock valued at $262,000 after purchasing an additional 999 shares during the last quarter. Advisory Services Network LLC acquired a new position in Dine Brands Global during the 3rd quarter valued at $27,000. Finally, AdvisorShares Investments LLC boosted its holdings in Dine Brands Global by 36.7% in the 2nd quarter. AdvisorShares Investments LLC now owns 4,474 shares of the restaurant operator’s stock valued at $109,000 after purchasing an additional 1,200 shares during the period. Institutional investors own 92.83% of the company’s stock.

Dine Brands Global Company Profile

Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.