Barclays Initiates Coverage on Dine Brands Global (NYSE:DIN)

Barclays assumed coverage on shares of Dine Brands Global (NYSE:DIN) in a research note released on Thursday morning, BenzingaRatingsTable reports. The brokerage issued an overweight rating and a $115.00 price objective on the restaurant operator’s stock.

Other analysts also recently issued research reports about the company. Maxim Group reaffirmed a buy rating on shares of Abeona Therapeutics in a research note on Wednesday, May 1st. Deutsche Bank set a $142.00 target price on MCCORMICK & CO /SH and gave the company a hold rating in a research note on Friday, June 28th. Wedbush reaffirmed an outperform rating and set a $21.00 target price on shares of Epizyme in a research note on Wednesday, June 12th. Finally, Zacks Investment Research downgraded Hersha Hospitality Trust from a buy rating to a hold rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $115.83.

Shares of NYSE DIN opened at $99.01 on Thursday. The company has a market cap of $1.74 billion, a P/E ratio of 16.07 and a beta of 0.37. Dine Brands Global has a 12-month low of $65.63 and a 12-month high of $104.00. The business has a 50 day moving average of $95.14.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, May 1st. The restaurant operator reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.04. The firm had revenue of $237.18 million for the quarter, compared to the consensus estimate of $248.96 million. Dine Brands Global had a negative return on equity of 53.27% and a net margin of 11.30%. The firm’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.11 EPS. Equities research analysts expect that Dine Brands Global will post 7.16 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Thursday, June 20th were paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 2.79%. The ex-dividend date was Wednesday, June 19th. Dine Brands Global’s payout ratio is currently 51.40%.

In other news, SVP Bryan R. Adel sold 8,000 shares of Dine Brands Global stock in a transaction on Friday, July 5th. The stock was sold at an average price of $102.63, for a total transaction of $821,040.00. Following the transaction, the senior vice president now directly owns 21,505 shares in the company, valued at approximately $2,207,058.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Larry Alan Kay sold 400 shares of Dine Brands Global stock in a transaction on Friday, May 10th. The shares were sold at an average price of $88.92, for a total value of $35,568.00. Following the transaction, the director now owns 7,739 shares in the company, valued at $688,151.88. The disclosure for this sale can be found here. Insiders have sold a total of 8,800 shares of company stock worth $892,272 in the last ninety days. 2.71% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the company. Captrust Financial Advisors increased its position in shares of Dine Brands Global by 159.8% during the 4th quarter. Captrust Financial Advisors now owns 847 shares of the restaurant operator’s stock valued at $58,000 after purchasing an additional 521 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Dine Brands Global by 39.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,394 shares of the restaurant operator’s stock valued at $127,000 after purchasing an additional 395 shares during the period. Contravisory Investment Management Inc. acquired a new position in shares of Dine Brands Global during the 2nd quarter valued at $157,000. Bank of Montreal Can increased its position in shares of Dine Brands Global by 8.1% during the 1st quarter. Bank of Montreal Can now owns 1,729 shares of the restaurant operator’s stock valued at $158,000 after purchasing an additional 130 shares during the period. Finally, Group One Trading L.P. increased its position in shares of Dine Brands Global by 238.3% during the 1st quarter. Group One Trading L.P. now owns 1,808 shares of the restaurant operator’s stock valued at $165,000 after purchasing an additional 3,115 shares during the period.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.

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Analyst Recommendations for Dine Brands Global (NYSE:DIN)

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