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

Shares of Dine Brands Global, Inc. (NYSE:DIN) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $30.40.

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

Dine Brands Global Stock Down 1.5%

DIN stock opened at $34.80 on Thursday. Dine Brands Global has a 12-month low of $19.58 and a 12-month high of $39.68. The firm has a market cap of $441.64 million, a PE ratio of 34.46 and a beta of 0.95. The business has a 50 day moving average of $33.08 and a 200-day moving average of $31.74.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.12). The company had revenue of $225.20 million during the quarter, compared to analysts’ expectations of $222.08 million. Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.Dine Brands Global’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. On average, research analysts expect that Dine Brands Global will post 4.2 earnings per share for the current year.

Dine Brands Global Announces Dividend

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

Insiders Place Their Bets

In other Dine Brands Global news, Director Michael Hyter sold 1,800 shares of the firm’s 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 completion of 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 transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 6.73% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of Dine Brands Global by 10.7% during the 1st quarter. Royal Bank of Canada now owns 71,451 shares of the restaurant operator’s stock worth $1,662,000 after acquiring an additional 6,908 shares during the period. Millennium Management LLC increased its holdings in Dine Brands Global by 51.2% in the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock worth $11,817,000 after acquiring an additional 172,013 shares during the last quarter. Invesco Ltd. increased its holdings in Dine Brands Global by 16.3% in the 2nd quarter. Invesco Ltd. now owns 65,821 shares of the restaurant operator’s stock worth $1,601,000 after acquiring an additional 9,226 shares during the last quarter. Jump Financial LLC bought a new stake in Dine Brands Global in the 2nd quarter valued at about $921,000. Finally, Gamco Investors INC. ET AL bought a new stake in Dine Brands Global in the 2nd quarter valued at about $747,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

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.