Dine Brands Global (NYSE:DIN) Hits New 52-Week Low at $30.65

Dine Brands Global, Inc. (NYSE:DIN) shares hit a new 52-week low during trading on Monday . The stock traded as low as $30.65 and last traded at $31.61, with a volume of 575092 shares. The stock had previously closed at $32.57.

Analyst Ratings Changes

DIN has been the topic of several analyst reports. Piper Sandler dropped their price target on shares of Dine Brands Global from $49.00 to $48.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. StockNews.com upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. KeyCorp decreased their price objective on Dine Brands Global from $50.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Barclays reduced their target price on shares of Dine Brands Global from $57.00 to $54.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. Finally, Wedbush lowered their price target on shares of Dine Brands Global from $46.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Dine Brands Global has a consensus rating of “Moderate Buy” and an average target price of $55.57.

Dine Brands Global Trading Down 2.9 %

The stock has a market capitalization of $486.95 million, a PE ratio of 5.62 and a beta of 1.74. The business’s 50 day moving average is $36.04 and its 200 day moving average is $42.01.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, May 8th. The restaurant operator reported $1.33 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.26). The business had revenue of $206.24 million during the quarter, compared to the consensus estimate of $210.54 million. Dine Brands Global had a net margin of 10.59% and a negative return on equity of 35.31%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company earned $1.97 EPS. As a group, analysts anticipate that Dine Brands Global, Inc. will post 6.16 EPS for the current year.

Dine Brands Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Thursday, June 20th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 6.45%. The ex-dividend date was Thursday, June 20th. Dine Brands Global’s dividend payout ratio is 36.30%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Summit Securities Group LLC acquired a new position in shares of Dine Brands Global during the second quarter valued at about $35,000. Quarry LP raised its stake in Dine Brands Global by 207.2% in the 4th quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 489 shares during the last quarter. Headlands Technologies LLC lifted its position in 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 acquiring an additional 623 shares during the period. SG Americas Securities LLC purchased a new stake in Dine Brands Global during the 2nd quarter valued at about $111,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of 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 purchasing an additional 746 shares during the period. Hedge funds and other 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.