Dine Brands Global, Inc. (NYSE:DIN) Receives $26.43 Consensus PT from Brokerages

by · The Cerbat Gem

Dine Brands Global, Inc. (NYSE:DINGet Free Report) has been assigned an average rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $26.4286.

DIN has been the topic of a number of recent research reports. KeyCorp upped their price objective on Dine Brands Global from $26.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Mizuho upgraded Dine Brands Global to a “hold” rating in a report on Tuesday, October 28th. Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Barclays cut their price objective on shares of Dine Brands Global from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 6th. Finally, Sanford C. Bernstein set a $29.00 target price on shares of Dine Brands Global in a report on Wednesday, October 22nd.

Get Our Latest Stock Analysis on DIN

Dine Brands Global Stock Up 0.1%

Shares of NYSE:DIN opened at $34.07 on Wednesday. Dine Brands Global has a 52 week low of $18.63 and a 52 week high of $35.34. The stock has a market capitalization of $491.29 million, a P/E ratio of 15.21 and a beta of 0.91. The firm has a fifty day simple moving average of $28.14 and a two-hundred day simple moving average of $25.55.

Dine Brands Global (NYSE:DINGet Free Report) last announced its earnings results on Wednesday, November 5th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.09). Dine Brands Global had a net margin of 3.91% and a negative return on equity of 26.01%. The business had revenue of $216.17 million for the quarter, compared to analysts’ expectations of $221.61 million. During the same quarter in the prior year, the company posted $1.44 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, analysts expect that Dine Brands Global will post 5.84 earnings per share for the current year.

Dine Brands Global Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 23rd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, December 23rd. Dine Brands Global’s dividend payout ratio (DPR) is currently 91.07%.

Insider Buying and Selling

In other Dine Brands Global news, Director Richard J. Dahl acquired 3,600 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were bought at an average cost of $27.47 per share, with a total value of $98,892.00. Following the completion of the acquisition, the director directly owned 3,600 shares in the company, valued at $98,892. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Howard M. Berk purchased 4,082 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was bought at an average price of $24.50 per share, for a total transaction of $100,009.00. Following the completion of the acquisition, the director directly owned 41,947 shares in the company, valued at approximately $1,027,701.50. This trade represents a 10.78% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have bought 8,332 shares of company stock worth $220,455. Corporate insiders own 4.56% of the company’s stock.

Institutional Trading of Dine Brands Global

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC purchased a new position in shares of Dine Brands Global in the third quarter worth $27,000. Mountain Hill Investment Partners Corp. increased its position in shares of 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 valued at $49,000 after acquiring 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 position in Dine Brands Global by 307.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator’s stock worth $51,000 after acquiring an additional 1,578 shares during the period. Finally, Quadrant Capital Group LLC purchased a new stake in Dine Brands Global during the 3rd quarter valued at about $87,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

About Dine Brands Global

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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.

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