Dine Brands Global (NYSE:DIN) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of Dine Brands Global (NYSE:DIN) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

Several other brokerages have also recently weighed in on DIN. Barclays dropped their price objective on Dine Brands Global from $64.00 to $57.00 and set an overweight rating on the stock in a research note on Thursday, February 29th. Truist Financial raised their price objective on Dine Brands Global from $70.00 to $74.00 and gave the company a buy rating in a research note on Thursday, February 29th. Wedbush raised their price objective on Dine Brands Global from $46.00 to $48.00 and gave the company a neutral rating in a research note on Thursday, February 29th. KeyCorp decreased their target price on Dine Brands Global from $57.00 to $52.00 and set an overweight rating for the company in a research report on Tuesday, April 9th. Finally, Benchmark raised their target price on Dine Brands Global from $63.00 to $68.00 and gave the company a buy rating in a research report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dine Brands Global currently has a consensus rating of Moderate Buy and a consensus target price of $59.43.

Dine Brands Global Stock Performance

Shares of Dine Brands Global stock traded up $0.16 on Friday, reaching $43.83. 328,096 shares of the company’s stock were exchanged, compared to its average volume of 302,279. The company has a market capitalization of $677.17 million, a P/E ratio of 7.04 and a beta of 1.68. Dine Brands Global has a 52 week low of $42.00 and a 52 week high of $69.05. The firm’s 50-day moving average is $45.72 and its two-hundred day moving average is $46.36.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, February 28th. The restaurant operator reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.28. Dine Brands Global had a negative return on equity of 37.72% and a net margin of 11.69%. The company had revenue of $206.30 million for the quarter, compared to analysts’ expectations of $206.24 million. During the same period last year, the business earned $1.34 EPS. Dine Brands Global’s quarterly revenue was down .8% compared to the same quarter last year. On average, analysts expect that Dine Brands Global will post 6.46 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Wednesday, March 20th were given a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $2.04 dividend on an annualized basis and a yield of 4.65%. Dine Brands Global’s payout ratio is 32.74%.

Institutional Trading of Dine Brands Global

Several hedge funds and other institutional investors have recently bought and sold shares of DIN. Quarry LP boosted its stake in Dine Brands Global by 207.2% in the fourth quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock worth $36,000 after buying an additional 489 shares in the last quarter. Longfellow Investment Management Co. LLC purchased a new stake in Dine Brands Global in the fourth quarter worth $187,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Dine Brands Global by 127.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,254 shares of the restaurant operator’s stock worth $211,000 after acquiring an additional 2,381 shares during the period. D.A. Davidson & CO. purchased a new stake in Dine Brands Global in the third quarter worth $223,000. Finally, Harbor Advisors LLC purchased a new stake in Dine Brands Global in the fourth quarter worth $223,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.