Dine Brands Global (NYSE:DIN) PT Lowered to $105.00 at Barclays

Dine Brands Global (NYSE:DIN) had its price target lowered by Barclays from $115.00 to $105.00 in a research report released on Friday morning, BenzingaRatingsTable reports. The brokerage currently has an overweight rating on the restaurant operator’s stock.

DIN has been the topic of a number of other reports. Raymond James downgraded shares of Dine Brands Global from a strong-buy rating to an outperform rating and dropped their price objective for the company from $125.00 to $105.00 in a research report on Thursday, August 1st. Zacks Investment Research downgraded shares of Dine Brands Global from a hold rating to a sell rating in a research report on Tuesday, October 8th. Wedbush dropped their price objective on shares of Dine Brands Global from $135.00 to $120.00 and set an outperform rating on the stock in a research report on Thursday, August 1st. MKM Partners began coverage on shares of Dine Brands Global in a research report on Thursday, September 26th. They issued a buy rating and a $90.00 price objective on the stock. Finally, Deutsche Bank reissued a buy rating and issued a $95.00 price objective on shares of Dine Brands Global in a research report on Sunday, October 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $104.43.

Shares of NYSE:DIN traded up $0.31 during trading hours on Friday, reaching $72.59. The stock had a trading volume of 173,191 shares, compared to its average volume of 293,875. Dine Brands Global has a 1 year low of $65.63 and a 1 year high of $104.00. The firm’s 50 day moving average is $72.31 and its 200-day moving average is $85.54. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 13.52 and a beta of 0.41.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $1.71 EPS for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($0.14). Dine Brands Global had a net margin of 11.73% and a negative return on equity of 59.85%. The firm had revenue of $228.08 million during the quarter, compared to analysts’ expectations of $233.69 million. During the same period in the prior year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up 23.6% on a year-over-year basis. Equities research analysts anticipate that Dine Brands Global will post 6.81 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Thursday, December 19th. Dine Brands Global’s dividend payout ratio (DPR) is 51.40%.

Several hedge funds and other institutional investors have recently bought and sold shares of DIN. First Trust Advisors LP grew its position in shares of Dine Brands Global by 11.9% in the 1st quarter. First Trust Advisors LP now owns 53,325 shares of the restaurant operator’s stock valued at $4,868,000 after buying an additional 5,672 shares during the last quarter. Contravisory Investment Management Inc. purchased a new position in Dine Brands Global during the 2nd quarter worth $157,000. 6 Meridian grew its position in Dine Brands Global by 1.8% during the 2nd quarter. 6 Meridian now owns 6,101 shares of the restaurant operator’s stock worth $582,000 after purchasing an additional 110 shares during the last quarter. First Hawaiian Bank grew its position in Dine Brands Global by 18.9% during the 2nd quarter. First Hawaiian Bank now owns 4,732 shares of the restaurant operator’s stock worth $452,000 after purchasing an additional 752 shares during the last quarter. Finally, Skyline Asset Management LP grew its position in Dine Brands Global by 34.3% during the 2nd quarter. Skyline Asset Management LP now owns 191,100 shares of the restaurant operator’s stock worth $18,244,000 after purchasing an additional 48,800 shares during the last quarter.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.

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Analyst Recommendations for Dine Brands Global (NYSE:DIN)

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