Dine Brands Global’s (DIN) “Outperform” Rating Reaffirmed at Wedbush

Wedbush reissued their outperform rating on shares of Dine Brands Global (NYSE:DIN) in a research note released on Friday,Benzinga reports. Wedbush currently has a $47.00 price target on the restaurant operator’s stock.

DIN has been the topic of a number of other research reports. Barclays increased their price objective on Dine Brands Global from $38.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Truist Financial reaffirmed a “hold” rating and set a $37.00 price objective (down from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. CL King cut Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. KeyCorp reduced their price target on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, October 18th. Finally, Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.14.

Dine Brands Global Stock Performance

DIN stock traded down $0.29 during mid-day trading on Friday, reaching $35.30. The company had a trading volume of 531,213 shares, compared to its average volume of 437,091. The company has a market capitalization of $538.33 million, a price-to-earnings ratio of 5.87 and a beta of 1.71. The firm has a fifty day simple moving average of $31.40 and a 200 day simple moving average of $34.67. Dine Brands Global has a fifty-two week low of $28.25 and a fifty-two week high of $52.05.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.10. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The business had revenue of $195.00 million for the quarter, compared to the consensus estimate of $198.40 million. During the same quarter in the prior year, the business posted $1.46 EPS. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. As a group, analysts predict that Dine Brands Global will post 5.83 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date was Friday, September 20th. Dine Brands Global’s dividend payout ratio is currently 33.94%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP boosted its holdings in Dine Brands Global by 32.8% in the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock valued at $83,000 after acquiring an additional 567 shares during the last quarter. Headlands Technologies LLC boosted its holdings 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 acquiring an additional 623 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Dine Brands Global by 3.6% in the second quarter. Nisa Investment Advisors LLC now owns 20,189 shares of the restaurant operator’s stock valued at $742,000 after acquiring an additional 695 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in 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 acquiring an additional 746 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its stake in shares of Dine Brands Global by 6.4% during the third quarter. Quadrature Capital Ltd now owns 13,042 shares of the restaurant operator’s stock worth $408,000 after purchasing an additional 786 shares in the last quarter. Institutional investors and hedge funds 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.