Dine Brands Global, Inc. (NYSE:DIN) Stock Has Consensus Price Target of $33.25

Dine Brands Global, Inc. (NYSE:DIN) has been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $33.25.

DIN has been the topic of several recent research reports. Piper Sandler boosted their price objective on shares of Dine Brands Global from $28.00 to $37.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Zacks Research upgraded shares of Dine Brands Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 15th. Mizuho reduced their target price on shares of Dine Brands Global from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday. Freedom Broker raised shares of Dine Brands Global to a “hold” rating in a report on Monday, August 24th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Dine Brands Global in a research note on Friday, September 4th.

Institutional Investors Weigh In On Dine Brands Global

A number of institutional investors have recently added to or reduced their stakes in the business. Engineers Gate Manager LP increased its position in Dine Brands Global by 23.1% during the second quarter. Engineers Gate Manager LP now owns 16,067 shares of the restaurant operator’s stock worth $577,000 after buying an additional 3,016 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Dine Brands Global by 67.5% in the second quarter. Squarepoint Ops LLC now owns 73,583 shares of the restaurant operator’s stock worth $2,642,000 after acquiring an additional 29,643 shares during the last quarter. Connective Capital Management LLC acquired a new stake in shares of Dine Brands Global during the second quarter valued at $168,000. Corient Private Wealth LP increased its position in Dine Brands Global by 64.9% during the 2nd quarter. Corient Private Wealth LP now owns 55,953 shares of the restaurant operator’s stock worth $2,009,000 after purchasing an additional 22,013 shares in the last quarter. Finally, AXQ Capital LP purchased a new stake in Dine Brands Global during the 2nd quarter worth about $301,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Dine Brands Global Stock Performance

Shares of Dine Brands Global stock opened at $36.47 on Friday. The business has a 50-day simple moving average of $30.93 and a 200-day simple moving average of $31.73. Dine Brands Global has a one year low of $23.23 and a one year high of $39.68. The company has a market cap of $461.65 million, a PE ratio of 77.59 and a beta of 0.98.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). The firm had revenue of $240.90 million for the quarter, compared to analyst estimates of $237.28 million. Dine Brands Global had a negative return on equity of 20.34% and a net margin of 0.75%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 EPS. On average, sell-side analysts predict that Dine Brands Global will post 4.27 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Wednesday, September 16th were given a $0.19 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $0.76 dividend on an annualized basis and a yield of 2.1%. Dine Brands Global’s dividend payout ratio (DPR) is presently 161.70%.

About Dine Brands Global

Dine Brands Global, Inc is a franchisor and full-service restaurant company that operates a portfolio of well-known dining concepts. Its primary brands are Applebee’s Neighborhood Grill + Bar, which offers casual American dining, and IHOP, which specializes in pancakes, breakfast foods and other all-day meals. The company also owns Fuzzy’s Taco Shop, a fast-casual Mexican restaurant brand acquired in 2022.

Dine Brands generally operates through a franchise-based business model. Independent franchisees own and operate most restaurants under the company’s brands, while Dine Brands provides brand management, restaurant development support, marketing, training, technology and other services.