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

Dine Brands Global, Inc. (NYSE:DIN) has been given a consensus rating of “Hold” by the eight ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $31.2857.

A number of equities analysts have recently weighed in on DIN shares. Zacks Research downgraded Dine Brands Global from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. UBS Group lifted their price target on Dine Brands Global from $21.00 to $35.00 and gave the stock a “neutral” rating in a report on Tuesday, January 6th. Barclays boosted their price objective on Dine Brands Global from $26.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dine Brands Global in a research note on Monday, December 29th. Finally, Mizuho boosted their price target on shares of Dine Brands Global from $28.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, January 9th.

Dine Brands Global Price Performance

DIN opened at $32.36 on Monday. Dine Brands Global has a fifty-two week low of $18.63 and a fifty-two week high of $39.68. The firm has a market capitalization of $466.63 million, a P/E ratio of 14.45 and a beta of 0.97. The company’s 50-day moving average is $34.66 and its 200 day moving average is $29.01.

Dine Brands Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Wednesday, March 18th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, March 18th. Dine Brands Global’s payout ratio is presently 33.93%.

Institutional Investors Weigh In On Dine Brands Global

A number of hedge funds have recently modified their holdings of DIN. Royal Bank of Canada lifted its holdings in Dine Brands Global by 10.7% during the first quarter. Royal Bank of Canada now owns 71,451 shares of the restaurant operator’s stock valued at $1,662,000 after purchasing an additional 6,908 shares during the last quarter. Millennium Management LLC boosted its holdings in Dine Brands Global by 51.2% in the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock worth $11,817,000 after buying an additional 172,013 shares during the period. AlphaQuest LLC grew its stake in Dine Brands Global by 15.4% in the 2nd quarter. AlphaQuest LLC now owns 13,736 shares of the restaurant operator’s stock valued at $334,000 after buying an additional 1,834 shares in the last quarter. AdvisorShares Investments LLC raised its holdings in Dine Brands Global by 36.7% during the 2nd quarter. AdvisorShares Investments LLC now owns 4,474 shares of the restaurant operator’s stock valued at $109,000 after acquiring an additional 1,200 shares during the period. Finally, Mountain Hill Investment Partners Corp. raised its holdings in Dine Brands Global by 33.3% during 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 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.