Analysts Set Dine Brands Global, Inc. (NYSE:DIN) PT at $41.43

Dine Brands Global, Inc. (NYSE:DIN) has been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $41.43.

DIN has been the subject of a number of research analyst reports. Truist Financial reiterated a “hold” rating and set a $37.00 price objective (down from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. Barclays reiterated an “equal weight” rating and set a $32.00 price target (down from $43.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. StockNews.com downgraded Dine Brands Global from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. UBS Group reaffirmed a “neutral” rating and issued a $32.00 target price (down previously from $44.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. Finally, CL King lowered Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th.

Institutional Investors Weigh In On Dine Brands Global

Several institutional investors and hedge funds have recently made changes to their positions in the business. Point72 DIFC Ltd acquired a new stake in Dine Brands Global in the third quarter worth $29,000. Quarry LP raised its holdings in shares of Dine Brands Global by 32.8% during the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock valued at $83,000 after purchasing an additional 567 shares during the period. EMC Capital Management grew its stake in shares of Dine Brands Global by 2,570.0% in the 4th quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator’s stock valued at $88,000 after buying an additional 2,827 shares during the period. Signaturefd LLC grew its stake in shares of Dine Brands Global by 383.4% in the 3rd quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock valued at $93,000 after buying an additional 2,358 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in Dine Brands Global by 400.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,000 shares of the restaurant operator’s stock worth $145,000 after buying an additional 3,200 shares during the period. Institutional investors own 92.83% of the company’s stock.

Dine Brands Global Stock Up 3.2 %

DIN stock opened at $30.91 on Friday. Dine Brands Global has a 52 week low of $25.68 and a 52 week high of $51.35. The business has a 50-day simple moving average of $31.03 and a 200 day simple moving average of $31.68. The company has a market cap of $471.36 million, a PE ratio of 5.14 and a beta of 1.75.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, beating the consensus estimate of $1.34 by $0.10. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The business had revenue of $195.00 million during the quarter, compared to the consensus estimate of $198.40 million. During the same period in the previous year, the business earned $1.46 earnings per share. The company’s revenue was down 3.8% on a year-over-year basis. On average, analysts anticipate that Dine Brands Global will post 5.84 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.04 annualized dividend and a yield of 6.60%. Dine Brands Global’s payout ratio is 33.94%.

About Dine Brands Global

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.