Dine Brands Global, Inc. (DIN) – What Are Brokerages Saying About This Stock?

Shares of Dine Brands Global, Inc. (NYSE:DIN) have earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $32.83.

DIN has been the subject of several recent research reports. Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 15th. Mizuho set a $38.00 price objective on shares of Dine Brands Global in a research note on Thursday, August 6th. Piper Sandler boosted their price target on Dine Brands Global from $28.00 to $37.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Dine Brands Global in a research note on Friday, September 4th. Finally, Benchmark reissued a “hold” rating on shares of Dine Brands Global in a research report on Monday, August 10th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Dine Brands Global during the second quarter worth approximately $47,832,000. Cibc World Market Inc. purchased a new position in Dine Brands Global in the second quarter worth $25,212,000. Dimensional Fund Advisors LP increased its holdings in Dine Brands Global by 19.7% in the first quarter. Dimensional Fund Advisors LP now owns 241,204 shares of the restaurant operator’s stock valued at $6,329,000 after buying an additional 39,646 shares in the last quarter. Seven Six Capital Management LLC grew its holdings in Dine Brands Global by 24.1% in the first quarter. Seven Six Capital Management LLC now owns 212,400 shares of the restaurant operator’s stock valued at $5,573,000 after purchasing an additional 41,225 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Dine Brands Global during the 2nd quarter worth approximately $5,380,000. 92.83% of the stock is owned by institutional investors and hedge funds.

Dine Brands Global Stock Performance

Shares of Dine Brands Global stock opened at $29.73 on Tuesday. The stock has a market cap of $376.35 million, a P/E ratio of 63.26 and a beta of 0.98. The stock’s fifty day moving average is $31.60 and its 200 day moving average is $31.34. Dine Brands Global has a one year low of $23.23 and a one year high of $39.68.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, August 5th. The restaurant operator reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). Dine Brands Global had a net margin of 0.75% and a negative return on equity of 20.34%. The company had revenue of $240.90 million for the quarter, compared to the consensus estimate of $237.28 million. During the same quarter last year, the firm posted $1.17 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. Analysts predict that Dine Brands Global will post 4.27 EPS for the current year.

Dine Brands Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Wednesday, September 16th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, September 16th. Dine Brands Global’s dividend payout ratio is presently 161.70%.

About Dine Brands Global

Dine Brands Global, Inc (NYSE:DIN) is a franchisor and restaurant-services company that owns and supports a portfolio of full-service dining brands. Its primary brands are Applebee’s Neighborhood Grill + Bar, a casual-dining chain known for burgers, steaks, drinks and other American fare, and IHOP, a family-dining chain specializing in pancakes, breakfast foods and a broad menu of lunch and dinner items.

The company’s business model is primarily franchise-based. Dine Brands provides franchisees with brand development, restaurant concepts, marketing, training, technology and operational support, while generating revenue through franchise royalties, fees and other related services.