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

Shares of Dine Brands Global, Inc. (NYSE:DIN) have been given a consensus recommendation of “Hold” by the eight brokerages that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $31.2857.

Several analysts have recently issued reports on the company. Mizuho increased their price objective on Dine Brands Global from $28.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dine Brands Global in a research report on Monday, December 29th. KeyCorp boosted their price objective 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. UBS Group raised their target price on shares of Dine Brands Global from $21.00 to $35.00 and gave the company a “neutral” rating in a report on Tuesday, January 6th. Finally, Zacks Research upgraded shares of Dine Brands Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd.

Dine Brands Global Stock Performance

DIN opened at $34.04 on Thursday. The stock’s 50-day moving average price is $33.79 and its 200 day moving average price is $27.69. Dine Brands Global has a 12-month low of $18.63 and a 12-month high of $39.68. The firm has a market cap of $490.86 million, a price-to-earnings ratio of 15.20 and a beta of 0.92.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, November 5th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.09). The business had revenue of $216.17 million for 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%.The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the company earned $1.44 earnings per share. On average, research analysts forecast that Dine Brands Global will post 5.84 earnings per share for the current year.

Dine Brands Global Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd were paid a $0.19 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.2%. Dine Brands Global’s dividend payout ratio (DPR) is currently 33.93%.

Insider Transactions at Dine Brands Global

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Millennium Management LLC lifted its position in Dine Brands Global by 51.2% in the first quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after acquiring an additional 172,013 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Dine Brands Global in the 3rd quarter valued at about $4,175,000. Vanguard Group Inc. boosted its position in shares of Dine Brands Global by 10.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,041,335 shares of the restaurant operator’s stock valued at $25,742,000 after purchasing an additional 101,304 shares during the period. Monimus Capital Management LP acquired a new position in Dine Brands Global during the second quarter worth approximately $2,282,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Dine Brands Global in the second quarter valued at approximately $2,005,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

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.