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

Dine Brands Global, Inc. (NYSE:DIN) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating. The average 12-month price objective among analysts that have covered the stock in the last year is $30.40.

Several research firms recently issued reports on DIN. Mizuho dropped their price target on Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. KeyCorp reaffirmed a “sector weight” rating on shares of Dine Brands Global in a research report on Thursday, April 2nd. Zacks Research raised Dine Brands Global from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research report on Monday, March 2nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dine Brands Global in a research report on Tuesday, June 9th.

Insiders Place Their Bets

In other Dine Brands Global news, Director Michael Hyter sold 1,800 shares of the stock in a transaction 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 sale, the director directly owned 9,315 shares of the company’s stock, valued at $269,017.20. This trade represents a 16.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.73% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dine Brands Global

Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its stake in shares of Dine Brands Global by 10.7% in the first quarter. Royal Bank of Canada now owns 71,451 shares of the restaurant operator’s stock worth $1,662,000 after purchasing an additional 6,908 shares in the last quarter. Millennium Management LLC grew its stake in shares of Dine Brands Global by 51.2% in the first quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock worth $11,817,000 after purchasing an additional 172,013 shares in the last quarter. Invesco Ltd. grew its stake in shares of Dine Brands Global by 16.3% in the second quarter. Invesco Ltd. now owns 65,821 shares of the restaurant operator’s stock worth $1,601,000 after purchasing an additional 9,226 shares in the last quarter. Jump Financial LLC bought a new position in shares of Dine Brands Global in the second quarter worth $921,000. Finally, Gamco Investors INC. ET AL bought a new position in shares of Dine Brands Global in the second quarter worth $747,000. 92.83% of the stock is owned by institutional investors and hedge funds.

Dine Brands Global Trading Up 6.5%

DIN stock opened at $36.20 on Friday. The firm has a market cap of $459.43 million, a P/E ratio of 35.85 and a beta of 0.97. Dine Brands Global has a 12-month low of $19.58 and a 12-month high of $39.68. The stock’s 50 day simple moving average is $30.50 and its 200 day simple moving average is $31.50.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.12). The firm had revenue of $225.20 million for the quarter, compared to analyst estimates 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 was up 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. On average, research analysts forecast that Dine Brands Global will post 4.64 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Wednesday, June 24th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.76 annualized dividend and a yield of 2.1%. Dine Brands Global’s dividend payout ratio (DPR) is currently 75.25%.

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.