Dine Brands Global (NYSE:DIN) Reaches New 12-Month High – Still a Buy?
by Scott Moore · The Cerbat GemDine Brands Global, Inc. (NYSE:DIN – Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $37.20 and last traded at $36.54, with a volume of 53156 shares. The stock had previously closed at $34.57.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on DIN shares. Zacks Research upgraded shares of Dine Brands Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. Sanford C. Bernstein set a $29.00 target price on Dine Brands Global in a research report on Wednesday, October 22nd. UBS Group restated a “neutral” rating and set a $35.00 price objective on shares of Dine Brands Global in a research note on Tuesday. Weiss Ratings restated a “hold (c-)” rating on shares of Dine Brands Global in a research note on Monday, December 29th. Finally, KeyCorp boosted their price target on shares of Dine Brands Global from $26.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Dine Brands Global presently has a consensus rating of “Hold” and an average target price of $28.43.
View Our Latest Research Report on DIN
Dine Brands Global Stock Up 4.9%
The stock has a market capitalization of $522.87 million, a P/E ratio of 16.19 and a beta of 0.92. The company has a 50-day moving average price of $30.05 and a two-hundred day moving average price of $26.43.
Dine Brands Global (NYSE:DIN – Get Free Report) last posted its earnings results on Wednesday, November 5th. The restaurant operator reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.09). The firm had revenue of $216.17 million for the quarter, compared to the consensus estimate of $221.61 million. Dine Brands Global had a negative return on equity of 26.01% and a net margin of 3.91%.The business’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the company posted $1.44 EPS. On average, sell-side analysts expect that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.
Dine Brands Global Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $0.76 annualized dividend and a dividend yield of 2.1%. Dine Brands Global’s dividend payout ratio (DPR) is presently 33.93%.
Insider Activity
In related news, Director Howard M. Berk bought 4,082 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average cost of $24.50 per share, with a total value of $100,009.00. Following the completion of the purchase, the director directly owned 41,947 shares of the company’s stock, valued at $1,027,701.50. This trade represents a 10.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Richard J. Dahl purchased 3,600 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was bought at an average cost of $27.47 per share, for a total transaction of $98,892.00. Following the acquisition, the director directly owned 3,600 shares in the company, valued at approximately $98,892. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 8,332 shares of company stock valued at $220,455 in the last three months. 4.56% of the stock is owned by insiders.
Institutional Trading of Dine Brands Global
A number of hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new position in shares of Dine Brands Global during the third quarter worth approximately $27,000. Mountain Hill Investment Partners Corp. raised its position in Dine Brands Global by 33.3% in the 2nd quarter. Mountain Hill Investment Partners Corp. now owns 2,000 shares of the restaurant operator’s stock worth $49,000 after purchasing an additional 500 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Dine Brands Global in the 3rd quarter worth $50,000. Tower Research Capital LLC TRC lifted its stake in Dine Brands Global by 307.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 1,578 shares during the last quarter. Finally, Quadrant Capital Group LLC purchased a new stake in Dine Brands Global during the third quarter valued at about $87,000. 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.