Dine Brands Global, Inc. (NYSE:DIN) Receives $32.83 Consensus Target Price from Brokerages

Shares of Dine Brands Global, Inc. (NYSE:DIN) have been assigned a consensus rating of “Reduce” from the nine brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $32.8333.

A number of research firms have commented on DIN. Benchmark reissued a “hold” rating on shares of Dine Brands Global in a report on Monday, August 10th. Zacks Research cut Dine Brands Global from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Dine Brands Global in a research note on Friday, September 4th. Freedom Broker raised Dine Brands Global to a “hold” rating in a research note on Monday, August 24th. Finally, Piper Sandler boosted their price target on Dine Brands Global from $28.00 to $37.00 and gave the stock a “neutral” rating in a report on Monday, August 10th.

Dine Brands Global Price Performance

Shares of NYSE DIN opened at $28.42 on Friday. The stock has a market cap of $359.81 million, a PE ratio of 60.47 and a beta of 0.94. Dine Brands Global has a 1 year low of $22.85 and a 1 year high of $39.68. The firm has a fifty day moving average price of $34.39 and a 200-day moving average price of $31.47.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). The firm had revenue of $240.90 million for the quarter, compared to analysts’ expectations of $237.28 million. Dine Brands Global had a net margin of 0.75% and a negative return on equity of 20.34%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.17 EPS. On average, research analysts expect that Dine Brands Global will post 4.25 EPS for the current year.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, September 16th. This represents a $0.76 annualized dividend and a dividend yield of 2.7%. Dine Brands Global’s dividend payout ratio (DPR) is presently 161.70%.

Hedge Funds Weigh In On Dine Brands Global

A number of hedge funds and other institutional investors have recently modified their holdings of DIN. Bank of New York Mellon Corp purchased a new stake in Dine Brands Global in the 2nd quarter worth $4,774,000. Cibc World Market Inc. grew its position in shares of Dine Brands Global by 14.0% during the fourth 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 in the last quarter. BlackRock Inc. purchased a new position in shares of Dine Brands Global during the second quarter valued at about $47,832,000. Corient Private Wealth LP bought a new stake in shares of Dine Brands Global in the second quarter worth about $2,008,000. Finally, 4D Advisors LLC bought a new stake in shares of Dine Brands Global in the fourth quarter worth about $4,339,000. 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.