Dine Brands Global (NYSE:DIN) Stock Rating Lowered by CL King

CL King downgraded shares of Dine Brands Global (NYSE:DIN) from a buy rating to a neutral rating in a research report sent to investors on Monday, MarketBeat reports.

Other analysts also recently issued research reports about the stock. Barclays dropped their target price on shares of Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Benchmark restated a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. Truist Financial reiterated a “hold” rating and set a $37.00 price target (down previously from $66.00) on shares of Dine Brands Global in a research note on Friday, October 4th. Wedbush raised Dine Brands Global from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $34.00 to $47.00 in a report on Tuesday, October 1st. Finally, UBS Group decreased their price objective on shares of Dine Brands Global from $56.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.43.

Dine Brands Global Trading Up 15.5 %

Shares of DIN stock opened at $35.98 on Monday. Dine Brands Global has a 12-month low of $28.25 and a 12-month high of $52.05. The business’s fifty day simple moving average is $31.00 and its 200-day simple moving average is $35.04. The company has a market cap of $550.49 million, a PE ratio of 6.04 and a beta of 1.71.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.07. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The business had revenue of $206.30 million during the quarter, compared to the consensus estimate of $210.46 million. During the same quarter last year, the company earned $1.82 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. On average, equities analysts forecast that Dine Brands Global will post 5.77 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 20th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $2.04 annualized dividend and a yield of 5.67%. Dine Brands Global’s dividend payout ratio is presently 34.23%.

Institutional Investors Weigh In On Dine Brands Global

Hedge funds have recently modified their holdings of the company. LSV Asset Management grew its position in shares of Dine Brands Global by 2.8% in the second quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock valued at $23,932,000 after purchasing an additional 18,200 shares during the period. Olstein Capital Management L.P. boosted its holdings in Dine Brands Global by 25.1% in the 3rd quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock worth $9,438,000 after buying an additional 60,605 shares during the last quarter. Marshall Wace LLP increased its stake in Dine Brands Global by 3.2% during the 2nd quarter. Marshall Wace LLP now owns 278,087 shares of the restaurant operator’s stock worth $10,067,000 after buying an additional 8,518 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Dine Brands Global by 9.9% during the first quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock valued at $12,086,000 after acquiring an additional 23,400 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Dine Brands Global by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 233,464 shares of the restaurant operator’s stock valued at $8,451,000 after acquiring an additional 4,427 shares in the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

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.