Dine Brands Global (NYSE:DIN) Earns “Outperform” Rating from Wedbush

Wedbush reaffirmed their outperform rating on shares of Dine Brands Global (NYSE:DIN) in a report published on Friday morning,Benzinga reports. They currently have a $47.00 price objective on the restaurant operator’s stock.

A number of other brokerages have also recently weighed in on DIN. KeyCorp dropped their price target on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, October 18th. CL King cut Dine Brands Global from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. StockNews.com cut Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. UBS Group dropped their price target on Dine Brands Global from $51.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, Barclays increased their price target on Dine Brands Global from $38.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Dine Brands Global has an average rating of “Hold” and an average price target of $46.14.

Dine Brands Global Trading Down 0.8 %

Dine Brands Global stock traded down $0.29 during midday trading on Friday, hitting $35.30. The stock had a trading volume of 531,213 shares, compared to its average volume of 437,091. The stock has a market cap of $538.33 million, a P/E ratio of 5.87 and a beta of 1.71. Dine Brands Global has a 12 month low of $28.25 and a 12 month high of $52.05. The business has a fifty day moving average price of $31.40 and a 200 day moving average price of $34.67.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.10. The firm had revenue of $195.00 million during the quarter, compared to analyst estimates of $198.40 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. Dine Brands Global’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.46 earnings per share. On average, equities analysts anticipate that Dine Brands Global will post 5.83 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date of this dividend was Friday, September 20th. Dine Brands Global’s payout ratio is currently 33.94%.

Institutional Trading of Dine Brands Global

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 DIFC Ltd bought a new position in Dine Brands Global during the third quarter valued at about $29,000. Summit Securities Group LLC bought a new position in shares of Dine Brands Global during the 2nd quarter valued at about $35,000. Headlands Technologies LLC grew its stake in shares of Dine Brands Global by 438.7% in 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. Quarry LP raised its holdings in shares of Dine Brands Global by 32.8% in the 2nd quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock worth $83,000 after purchasing an additional 567 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Dine Brands Global by 383.4% during the third quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock valued at $93,000 after purchasing an additional 2,358 shares during the last quarter. Institutional investors own 92.83% of the company’s stock.

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.