Dine Brands Global, Inc. (NYSE:DIN) Receives Consensus Rating of “Hold” from Brokerages

Dine Brands Global, Inc. (NYSE:DIN) has earned an average rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation. The average 1-year target price among analysts that have issued a report on the stock in the last year is $30.40.

DIN has been the topic of several analyst reports. Zacks Research raised shares of Dine Brands Global from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Dine Brands Global in a report on Tuesday, June 9th. Barclays decreased their price objective on shares of Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. Mizuho lowered their price objective on shares of Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Finally, KeyCorp reiterated a “sector weight” rating on shares of Dine Brands Global in a report on Thursday, April 2nd.

Dine Brands Global Price Performance

Shares of Dine Brands Global stock opened at $35.25 on Thursday. The business’s 50 day simple moving average is $33.32 and its two-hundred day simple moving average is $31.73. The stock has a market capitalization of $447.32 million, a P/E ratio of 34.90 and a beta of 0.95. Dine Brands Global has a one year low of $19.58 and a one year high of $39.68.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.12). The company had revenue of $225.20 million during the quarter, compared to the consensus estimate of $222.08 million. Dine Brands Global had a net margin of 1.77% and a negative return on equity of 23.28%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 EPS. Sell-side analysts expect that Dine Brands Global will post 4.2 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Wednesday, June 24th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.76 dividend on an annualized basis and a yield of 2.2%. Dine Brands Global’s dividend payout ratio is presently 75.25%.

Insiders Place Their Bets

In other Dine Brands Global news, Director Michael Hyter sold 1,800 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $28.88, for a total value of $51,984.00. Following the completion of the sale, the director owned 9,315 shares in the company, valued at approximately $269,017.20. This trade represents a 16.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 6.73% of the company’s stock.

Hedge Funds Weigh In On Dine Brands Global

Several hedge funds have recently made changes to their positions in DIN. Argos Wealth Advisors LLC purchased a new stake in Dine Brands Global in the fourth quarter worth $707,000. Cibc World Market Inc. increased its position in Dine Brands Global by 14.0% during the 4th quarter. Cibc World Market Inc. now owns 821,184 shares of the restaurant operator’s stock valued at $26,393,000 after purchasing an additional 101,054 shares during the period. 4D Advisors LLC bought a new position in Dine Brands Global in the 4th quarter worth $4,339,000. Hsbc Holdings PLC bought a new position in Dine Brands Global in the 1st quarter worth $1,369,000. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in shares of Dine Brands Global in the 4th quarter worth about $26,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

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.