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

Dine Brands Global, Inc. (NYSE:DIN) has been assigned a consensus rating of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $30.1667.

DIN has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dine Brands Global in a research report on Monday, December 29th. Zacks Research downgraded shares of Dine Brands Global from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Benchmark restated a “hold” rating on shares of Dine Brands Global in a research report on Monday, March 2nd. Mizuho boosted their target price on Dine Brands Global from $28.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, January 9th. Finally, Barclays decreased their target price on Dine Brands Global from $40.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th.

Dine Brands Global Price Performance

DIN opened at $29.27 on Friday. Dine Brands Global has a fifty-two week low of $18.63 and a fifty-two week high of $39.68. The firm’s fifty day moving average price is $33.20 and its two-hundred day moving average price is $29.99. The company has a market capitalization of $381.86 million, a P/E ratio of 30.18 and a beta of 0.96.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, February 25th. The restaurant operator reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.36. Dine Brands Global had a net margin of 1.88% and a negative return on equity of 27.12%. The company had revenue of $217.57 million during the quarter, compared to the consensus estimate of $226.27 million. During the same period last year, the firm earned $0.87 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities research analysts expect that Dine Brands Global will post 5.84 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Wednesday, March 18th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.6%. Dine Brands Global’s dividend payout ratio (DPR) is currently 78.35%.

Insiders Place Their Bets

In related news, Director Douglas M. Pasquale acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average price of $28.25 per share, for a total transaction of $56,500.00. Following the transaction, the director directly owned 31,469 shares of the company’s stock, valued at approximately $888,999.25. This trade represents a 6.79% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders have purchased 6,000 shares of company stock valued at $173,310. Insiders own 4.56% of the company’s stock.

Institutional Investors Weigh In On Dine Brands Global

Several institutional investors have recently modified their holdings of the business. Garton & Associates Financial Advisors LLC bought a new stake in shares of Dine Brands Global during the fourth quarter worth approximately $26,000. Advisory Services Network LLC bought a new position in Dine Brands Global in the third quarter valued at approximately $27,000. Financial Management Professionals Inc. grew its holdings in Dine Brands Global by 45.4% during the 4th quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 326 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Dine Brands Global during the 3rd quarter worth $50,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Dine Brands Global by 307.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator’s stock valued at $51,000 after acquiring an additional 1,578 shares during the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

About Dine Brands Global

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.