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

Dine Brands Global, Inc. (NYSE:DIN) has been assigned a consensus rating of “Hold” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $26.4286.

A number of equities research analysts have weighed in on the stock. Mizuho upgraded shares of Dine Brands Global to a “hold” rating in a research note on Tuesday, October 28th. Sanford C. Bernstein set a $29.00 price objective on shares of Dine Brands Global in a report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Dine Brands Global in a research note on Monday, December 29th. KeyCorp increased their price target on shares of Dine Brands Global from $26.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, Zacks Research upgraded shares of Dine Brands Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd.

Dine Brands Global Stock Up 3.1%

DIN stock opened at $33.15 on Friday. Dine Brands Global has a twelve month low of $18.63 and a twelve month high of $35.34. The company has a market cap of $477.98 million, a PE ratio of 14.80 and a beta of 0.92. The business’s 50-day simple moving average is $29.89 and its 200 day simple moving average is $26.38.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, November 5th. The restaurant operator reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.09). Dine Brands Global had a negative return on equity of 26.01% and a net margin of 3.91%.The firm had revenue of $216.17 million during the quarter, compared to the consensus estimate of $221.61 million. During the same quarter in the prior year, the business posted $1.44 EPS. Dine Brands Global’s revenue was up 10.8% compared to the same quarter last year. On average, equities research analysts anticipate that Dine Brands Global will post 5.84 EPS for the current year.

Dine Brands Global Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 23rd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $0.76 annualized dividend and a yield of 2.3%. Dine Brands Global’s payout ratio is currently 33.93%.

Insider Activity

In other news, Director Howard M. Berk purchased 4,082 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost of $24.50 per share, with a total value of $100,009.00. Following the acquisition, the director directly owned 41,947 shares of the company’s stock, valued at approximately $1,027,701.50. This trade represents a 10.78% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard J. Dahl purchased 3,600 shares of Dine Brands Global stock in a transaction on Friday, November 21st. The stock was purchased at an average price of $27.47 per share, for a total transaction of $98,892.00. Following the completion of the transaction, the director owned 3,600 shares of the company’s stock, valued at approximately $98,892. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders bought 8,332 shares of company stock worth $220,455. 4.56% of the stock is 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 business. Advisory Services Network LLC bought a new position in Dine Brands Global in the 3rd quarter valued at $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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Dine Brands Global in the third quarter valued at about $50,000. Tower Research Capital LLC TRC lifted its position in Dine Brands Global by 307.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator’s stock worth $51,000 after buying an additional 1,578 shares in the last quarter. Finally, Quadrant Capital Group LLC acquired a new position in Dine Brands Global during the 3rd quarter worth about $87,000. 92.83% of the stock is owned by institutional investors and hedge funds.

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.