Wedbush Trims Dine Brands Global (NYSE:DIN) Target Price to $37.00

Dine Brands Global (NYSE:DIN) had its price target reduced by Wedbush from $46.00 to $37.00 in a research report released on Tuesday, Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

DIN has been the topic of several other research reports. StockNews.com raised Dine Brands Global from a hold rating to a buy rating in a research note on Friday, May 3rd. Piper Sandler cut their price target on Dine Brands Global from $49.00 to $48.00 and set a neutral rating for the company in a report on Thursday, May 9th. KeyCorp cut their price target on Dine Brands Global from $50.00 to $40.00 and set an overweight rating for the company in a report on Tuesday, July 9th. Finally, Barclays dropped their price objective on Dine Brands Global from $57.00 to $54.00 and set an overweight rating for the company in a report on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Dine Brands Global currently has an average rating of Moderate Buy and an average price target of $55.57.

Dine Brands Global Trading Down 4.1 %

Shares of DIN opened at $32.56 on Tuesday. Dine Brands Global has a twelve month low of $31.24 and a twelve month high of $59.93. The stock’s 50 day moving average is $36.04 and its two-hundred day moving average is $42.03. The firm has a market capitalization of $501.42 million, a PE ratio of 5.79 and a beta of 1.74.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results 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 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 was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $1.97 EPS. On average, sell-side analysts predict that Dine Brands Global will post 6.16 EPS for the current year.

Dine Brands Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Thursday, June 20th were given a $0.51 dividend. The ex-dividend date was Thursday, June 20th. This represents a $2.04 dividend on an annualized basis and a yield of 6.27%. Dine Brands Global’s payout ratio is currently 36.30%.

Hedge Funds Weigh In On Dine Brands Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP boosted its position in Dine Brands Global by 207.2% in the 4th quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 489 shares during the last quarter. Headlands Technologies LLC boosted its position in Dine Brands Global by 438.7% in the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 623 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Dine Brands Global by 3.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 20,189 shares of the restaurant operator’s stock valued at $742,000 after buying an additional 695 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 valued at $117,000 after buying an additional 746 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new position in Dine Brands Global in the 2nd quarter valued at about $35,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

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.