Brokerages Set Dine Brands Global, Inc. (NYSE:DIN) Target Price at $30.40

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

A number of research analysts have issued reports on the stock. 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 note on Thursday, April 2nd. Zacks Research raised Dine Brands Global from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. KeyCorp reiterated a “sector weight” rating on shares of Dine Brands Global in a research report on Thursday, April 2nd. Barclays dropped their price objective on Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Dine Brands Global in a report on Tuesday, June 9th.

Insider Activity

In related news, Director Michael Hyter sold 1,800 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $28.88, for a total transaction 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 represents a 16.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.73% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dine Brands Global

Several large investors have recently modified their holdings of DIN. Vanguard Group Inc. raised its position in shares of Dine Brands Global by 10.8% during the third quarter. Vanguard Group Inc. now owns 1,041,335 shares of the restaurant operator’s stock worth $25,742,000 after purchasing an additional 101,304 shares during the period. Cibc World Market Inc. boosted its position in shares of Dine Brands Global by 14.0% in 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. Millennium Management LLC boosted its position in shares of Dine Brands Global by 51.2% in the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after purchasing an additional 172,013 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Dine Brands Global by 16.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 377,399 shares of the restaurant operator’s stock worth $12,130,000 after purchasing an additional 54,506 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in Dine Brands Global by 3.8% in the 3rd quarter. Two Sigma Investments LP now owns 353,292 shares of the restaurant operator’s stock worth $8,733,000 after purchasing an additional 12,821 shares in the last quarter. 92.83% of the stock is owned by institutional investors.

Dine Brands Global Trading Down 0.5%

Shares of NYSE DIN opened at $36.32 on Friday. Dine Brands Global has a 12-month low of $19.58 and a 12-month high of $39.68. The company has a market cap of $460.88 million, a price-to-earnings ratio of 35.96 and a beta of 0.95. The stock’s 50 day simple moving average is $31.22 and its 200 day simple moving average is $31.56.

Dine Brands Global (NYSE:DIN) last issued its earnings results 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). Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.The company had revenue of $225.20 million during the quarter, compared to analyst estimates of $222.08 million. During the same period in the prior year, the business earned $1.03 earnings per share. Dine Brands Global’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities analysts forecast that Dine Brands Global will post 4.64 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

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