Dine Brands Global (NYSE:DIN) Upgraded at StockNews.com

StockNews.com upgraded shares of Dine Brands Global (NYSE:DIN) from a hold rating to a buy rating in a report released on Saturday morning.

A number of other research firms have also issued reports on DIN. KeyCorp lowered their price target on Dine Brands Global from $40.00 to $37.00 and set an overweight rating on the stock in a report on Thursday, August 8th. Barclays dropped their target price on Dine Brands Global from $54.00 to $38.00 and set an overweight rating on the stock in a report on Thursday, August 8th. Truist Financial reaffirmed a hold rating and set a $37.00 price target (down from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. Benchmark cut shares of Dine Brands Global from a buy rating to a hold rating in a research note on Thursday, August 8th. Finally, Wedbush upgraded shares of Dine Brands Global from a neutral rating to an outperform rating and raised their target price for the stock from $34.00 to $47.00 in a research note on Tuesday, October 1st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $46.57.

Dine Brands Global Price Performance

NYSE DIN opened at $31.87 on Friday. Dine Brands Global has a 12 month low of $28.25 and a 12 month high of $53.26. The company has a market capitalization of $490.96 million, a price-to-earnings ratio of 5.67 and a beta of 1.71. The firm’s fifty day moving average price is $31.11 and its 200 day moving average price is $36.39.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.07. The business had revenue of $206.30 million during the quarter, compared to the consensus estimate of $210.46 million. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.82 EPS. As a group, sell-side analysts forecast that Dine Brands Global will post 5.83 earnings per share for the current year.

Dine Brands Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $2.04 annualized dividend and a dividend yield of 6.40%. Dine Brands Global’s payout ratio is currently 36.30%.

Institutional Trading of Dine Brands Global

A number of institutional investors have recently added to or reduced their stakes in the stock. Creative Planning increased its position in Dine Brands Global by 162.8% during the third quarter. Creative Planning now owns 25,573 shares of the restaurant operator’s stock worth $799,000 after buying an additional 15,843 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Dine Brands Global by 56.9% during the third quarter. SG Americas Securities LLC now owns 4,819 shares of the restaurant operator’s stock valued at $150,000 after acquiring an additional 1,748 shares during the last quarter. Quarry LP increased its position in Dine Brands Global by 32.8% during 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. Clearline Capital LP raised its stake in Dine Brands Global by 225.0% in the 2nd quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock valued at $4,510,000 after purchasing an additional 86,241 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Dine Brands Global by 173.6% in the 2nd quarter. AQR Capital Management LLC now owns 140,501 shares of the restaurant operator’s stock valued at $5,086,000 after purchasing an additional 89,152 shares in 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.