Analysts Set Dine Brands Global, Inc. (NYSE:DIN) PT at $44.71

Shares of Dine Brands Global, Inc. (NYSE:DIN) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $44.71.

DIN has been the subject of a number of research analyst reports. Piper Sandler cut their price target on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, November 18th. Barclays increased their target price on shares of Dine Brands Global from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. KeyCorp decreased their price target on shares of 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. Truist Financial reiterated a “hold” rating and set a $37.00 price objective (down previously from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. Finally, Benchmark reissued a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th.

Dine Brands Global Price Performance

Shares of NYSE:DIN opened at $30.66 on Wednesday. The stock’s 50 day moving average price is $32.32 and its 200 day moving average price is $32.67. The stock has a market cap of $467.57 million, a price-to-earnings ratio of 5.10 and a beta of 1.73. Dine Brands Global has a 12 month low of $28.25 and a 12 month high of $51.35.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $198.40 million. During the same quarter in the previous year, the business earned $1.46 EPS. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, sell-side analysts expect that Dine Brands Global will post 5.84 EPS for the current year.

Dine Brands Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 6.65%. The ex-dividend date of this dividend is Friday, December 20th. Dine Brands Global’s dividend payout ratio (DPR) is currently 33.94%.

Institutional Trading of Dine Brands Global

A number of hedge funds have recently modified their holdings of the business. Point72 DIFC Ltd purchased a new stake in Dine Brands Global in the 3rd quarter worth about $29,000. Quarry LP grew its holdings in shares of Dine Brands Global by 32.8% during the 2nd quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock valued at $83,000 after acquiring an additional 567 shares in the last quarter. Signaturefd LLC increased its stake in shares of Dine Brands Global by 383.4% in the third quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock worth $93,000 after acquiring an additional 2,358 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Dine Brands Global during the second quarter valued at $111,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Dine Brands Global by 30.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock worth $117,000 after purchasing an additional 746 shares during the last quarter. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Dine Brands Global Company Profile

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.