Barclays Issues Positive Forecast for Dine Brands Global (NYSE:DIN) Stock Price

Dine Brands Global (NYSE:DIN) had its target price lifted by Barclays from $38.00 to $43.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the restaurant operator’s stock.

Other equities research analysts have also recently issued reports about the company. Benchmark reissued a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. CL King cut Dine Brands Global from a “buy” rating to a “neutral” rating in a research report on Monday. Wedbush restated an “outperform” rating and issued a $47.00 target price on shares of Dine Brands Global in a research note on Thursday. StockNews.com lowered Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, KeyCorp cut their target price on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $46.14.

Dine Brands Global Trading Down 2.2 %

Dine Brands Global stock traded down $0.79 during trading hours on Thursday, reaching $34.45. 477,887 shares of the company were exchanged, compared to its average volume of 435,107. The firm has a market cap of $527.05 million, a price-to-earnings ratio of 5.83 and a beta of 1.71. The stock has a 50-day moving average of $31.07 and a 200 day moving average of $35.04. Dine Brands Global has a 12 month low of $28.25 and a 12 month high of $52.05.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The firm had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $198.40 million. During the same quarter in the prior year, the business earned $1.46 earnings per share. The company’s revenue was down 3.8% on a year-over-year basis. As a group, research analysts forecast that Dine Brands Global will post 5.77 EPS for the current year.

Dine Brands Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, September 20th. This represents a $2.04 annualized dividend and a yield of 5.92%. Dine Brands Global’s dividend payout ratio is currently 33.94%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DIN. LMR Partners LLP bought a new stake in shares of Dine Brands Global during the third quarter worth $239,000. Quest Partners LLC grew its holdings in shares of Dine Brands Global by 965.3% during the third quarter. Quest Partners LLC now owns 16,565 shares of the restaurant operator’s stock worth $517,000 after purchasing an additional 15,010 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Dine Brands Global during the third quarter worth $225,000. Aigen Investment Management LP grew its holdings in shares of Dine Brands Global by 65.0% during the third quarter. Aigen Investment Management LP now owns 20,687 shares of the restaurant operator’s stock worth $646,000 after purchasing an additional 8,149 shares during the last quarter. Finally, Olstein Capital Management L.P. grew its holdings in shares of Dine Brands Global by 25.1% during the third quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock worth $9,438,000 after purchasing an additional 60,605 shares during the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.

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.