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

Shares of Dine Brands Global, Inc. (NYSE:DIN) have earned an average rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating. The average 12-month target price among analysts that have covered the stock in the last year is $30.40.

Several analysts recently commented on DIN shares. KeyCorp reaffirmed a “sector weight” rating on shares of Dine Brands Global in a research note on Thursday, April 2nd. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research note on Monday, March 2nd. UBS Group lowered their target price on Dine Brands Global from $35.00 to $33.00 and set a “neutral” rating for the company in a report on Thursday, February 26th. Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Barclays lowered their target price on Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th.

Dine Brands Global Trading Down 5.3%

Shares of Dine Brands Global stock opened at $29.72 on Wednesday. The company has a market capitalization of $377.17 million, a PE ratio of 29.43 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 fifty day simple moving average is $28.28 and its 200 day simple moving average is $31.06.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.88 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.12). The business had revenue of $225.20 million for the quarter, compared to analyst estimates of $222.08 million. Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 EPS. Analysts predict that Dine Brands Global will post 4.62 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Wednesday, June 24th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Wednesday, June 24th. Dine Brands Global’s dividend payout ratio is 75.25%.

Insider Transactions at Dine Brands Global

In other Dine Brands Global news, Director Michael Hyter sold 1,800 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $28.88, for a total transaction of $51,984.00. Following the completion of the transaction, the director owned 9,315 shares in the company, valued at approximately $269,017.20. This represents a 16.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas M. Pasquale bought 2,000 shares of the stock in a transaction on Thursday, March 12th. The shares were purchased at an average price of $28.25 per share, with a total value of $56,500.00. Following the acquisition, the director owned 31,469 shares in the company, valued at approximately $888,999.25. This represents a 6.79% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have acquired 4,500 shares of company stock valued at $128,250. Corporate insiders own 6.73% of the company’s stock.

Hedge Funds Weigh In On Dine Brands Global

A number of large investors have recently added to or reduced their stakes in DIN. Royal Bank of Canada increased its holdings in 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 purchasing an additional 6,908 shares in the last quarter. Millennium Management LLC increased its position 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 valued at $11,817,000 after acquiring an additional 172,013 shares during the last quarter. Invesco Ltd. increased its position 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 valued at $1,601,000 after acquiring an additional 9,226 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Dine Brands Global in the second quarter valued at about $921,000. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Dine Brands Global in the second quarter valued at about $747,000. Institutional investors own 92.83% of the company’s stock.

Dine Brands Global Company Profile

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.