Dine Brands Global (NYSE:DIN) Sets New 1-Year High – Time to Buy?

Dine Brands Global, Inc. (NYSE:DIN) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $37.37 and last traded at $37.31, with a volume of 107851 shares. The stock had previously closed at $36.23.

Analysts Set New Price Targets

A number of research analysts recently commented on DIN shares. Sanford C. Bernstein set a $29.00 price target on shares of Dine Brands Global in a research note on Wednesday, October 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Dine Brands Global in a report on Monday, December 29th. UBS Group increased their target price on Dine Brands Global from $21.00 to $35.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 6th. KeyCorp boosted their price target on Dine Brands Global from $26.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Mizuho increased their price objective on Dine Brands Global from $28.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.29.

Dine Brands Global Trading Up 2.9%

The stock has a market cap of $537.45 million, a P/E ratio of 16.64 and a beta of 0.92. The stock has a 50 day simple moving average of $30.96 and a 200 day simple moving average of $26.70.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, November 5th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.09). The company had revenue of $216.17 million for the quarter, compared to analyst estimates of $221.61 million. Dine Brands Global had a negative return on equity of 26.01% and a net margin of 3.91%.The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the company posted $1.44 earnings per share. Equities analysts anticipate that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 23rd were given a $0.19 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $0.76 annualized dividend and a dividend yield of 2.0%. Dine Brands Global’s payout ratio is presently 33.93%.

Insider Buying and Selling

In other news, Director Howard M. Berk acquired 4,082 shares of the stock in a transaction on Friday, November 7th. The stock was acquired at an average cost of $24.50 per share, for a total transaction of $100,009.00. Following the completion of the transaction, the director directly owned 41,947 shares in the company, valued at approximately $1,027,701.50. This trade represents a 10.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard J. Dahl bought 3,600 shares of Dine Brands Global stock in a transaction on Friday, November 21st. The stock was acquired at an average cost of $27.47 per share, for a total transaction of $98,892.00. Following the acquisition, the director owned 3,600 shares in the company, valued at approximately $98,892. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 8,332 shares of company stock valued at $220,455. 4.56% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dine Brands Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in Dine Brands Global in the third quarter valued at about $27,000. Mountain Hill Investment Partners Corp. increased its stake in shares of Dine Brands Global by 33.3% in the second quarter. Mountain Hill Investment Partners Corp. now owns 2,000 shares of the restaurant operator’s stock valued at $49,000 after buying an additional 500 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Dine Brands Global in the 3rd quarter valued at approximately $50,000. Tower Research Capital LLC TRC raised its holdings in Dine Brands Global by 307.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator’s stock valued at $51,000 after buying an additional 1,578 shares during the last quarter. Finally, Quadrant Capital Group LLC acquired a new stake in Dine Brands Global during the 3rd quarter worth approximately $87,000. Institutional investors own 92.83% of the company’s stock.

About Dine Brands Global

Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.