Dine Brands Global, Inc. (NYSE:DIN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Dine Brands Global, Inc. (NYSE:DIN) have received an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $58.57.

Several equities research analysts have recently issued reports on the stock. Wedbush decreased their price objective on shares of Dine Brands Global from $48.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Truist Financial boosted their price target on shares of Dine Brands Global from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. StockNews.com raised shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. KeyCorp reduced their price target on shares of Dine Brands Global from $57.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Finally, Benchmark boosted their price target on shares of Dine Brands Global from $63.00 to $68.00 and gave the company a “buy” rating in a research report on Monday, March 4th.

Dine Brands Global Trading Down 1.8 %

Dine Brands Global stock opened at $37.14 on Friday. The stock has a market cap of $571.96 million, a P/E ratio of 6.61 and a beta of 1.73. The company has a fifty day simple moving average of $41.88 and a 200-day simple moving average of $45.10. Dine Brands Global has a 12-month low of $35.46 and a 12-month high of $61.09.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, May 8th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.26). The firm had revenue of $206.24 million for the quarter, compared to analysts’ expectations of $210.54 million. Dine Brands Global had a negative return on equity of 35.31% and a net margin of 10.59%. Dine Brands Global’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the firm posted $1.97 earnings per share. As a group, sell-side analysts forecast that Dine Brands Global will post 6.18 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, June 20th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $2.04 dividend on an annualized basis and a yield of 5.49%. Dine Brands Global’s dividend payout ratio is presently 36.30%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Quarry LP increased its stake in Dine Brands Global by 207.2% in the fourth quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 489 shares during the period. Headlands Technologies LLC increased its stake in Dine Brands Global by 438.7% in the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 623 shares during the period. EntryPoint Capital LLC acquired a new position in Dine Brands Global in the first quarter valued at $132,000. EMC Capital Management acquired a new position in Dine Brands Global in the first quarter valued at $137,000. Finally, Longfellow Investment Management Co. LLC acquired a new position in Dine Brands Global in the fourth quarter valued at $187,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

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.