Dine Brands Global (NYSE:DIN) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Dine Brands Global (NYSE:DIN) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Other research analysts have also recently issued reports about the company. UBS Group reduced their price objective on Dine Brands Global from $56.00 to $51.00 and set a buy rating for the company in a research note on Thursday, August 8th. Truist Financial reissued a hold rating and set a $37.00 price target (down from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. KeyCorp decreased their price objective on shares of Dine Brands Global from $40.00 to $37.00 and set an overweight rating for the company in a research note on Thursday, August 8th. Barclays cut their price objective on shares of Dine Brands Global from $54.00 to $38.00 and set an overweight rating on the stock in a research note on Thursday, August 8th. Finally, Benchmark downgraded shares of Dine Brands Global from a buy rating to a hold rating in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $46.57.

Dine Brands Global Trading Up 4.2 %

Shares of NYSE:DIN opened at $31.87 on Friday. The company has a market capitalization of $490.96 million, a PE ratio of 5.67 and a beta of 1.71. The business’s fifty day simple moving average is $31.11 and its 200-day simple moving average is $36.39. Dine Brands Global has a 12-month low of $28.25 and a 12-month high of $53.26.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.07. The company had revenue of $206.30 million for the quarter, compared to analyst estimates of $210.46 million. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.82 EPS. Research analysts predict that Dine Brands Global will post 5.83 EPS for the current year.

Dine Brands Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 20th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 6.40%. The ex-dividend date of this dividend was Friday, September 20th. Dine Brands Global’s dividend payout ratio is currently 36.30%.

Hedge Funds Weigh In On Dine Brands Global

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Summit Securities Group LLC purchased a new position in Dine Brands Global in the second quarter worth approximately $35,000. Quarry LP increased its position in shares of Dine Brands Global by 207.2% during the 4th quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 489 shares during the last quarter. Headlands Technologies LLC increased its position in shares of Dine Brands Global by 438.7% during the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 623 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Dine Brands Global in the 2nd quarter valued at about $111,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Dine Brands Global by 30.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 746 shares during the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.

About Dine Brands Global

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.