DINE BRANDS GLOBAL, INC. (NYSE:DIN) Receives $26.86 Average Price Target from Analysts

DINE BRANDS GLOBAL, INC. (NYSE:DIN) has been given an average rating of “Hold” by the ten brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $28.2857.

DIN has been the topic of a number of recent research reports. Zacks Research upgraded DINE BRANDS GLOBAL from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Barclays lifted their price target on DINE BRANDS GLOBAL from $22.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday. Sanford C. Bernstein set a $29.00 price target on DINE BRANDS GLOBAL in a report on Wednesday. KeyCorp lifted their price target on DINE BRANDS GLOBAL from $26.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of DINE BRANDS GLOBAL in a report on Friday.

DINE BRANDS GLOBAL Stock Down 0.5%

DIN stock opened at $27.78 on Tuesday. DINE BRANDS GLOBAL has a twelve month low of $18.63 and a twelve month high of $37.44. The stock’s 50 day moving average is $24.86 and its 200-day moving average is $23.88. The firm has a market capitalization of $427.21 million, a PE ratio of 9.26 and a beta of 1.05.

DINE BRANDS GLOBAL (NYSE:DIN) last posted its earnings results on Wednesday, August 6th. The restaurant operator reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.32). DINE BRANDS GLOBAL had a net margin of 5.40% and a negative return on equity of 31.66%. The company had revenue of $230.78 million during the quarter, compared to the consensus estimate of $222.69 million. During the same quarter in the prior year, the business earned $1.71 EPS. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities research analysts anticipate that DINE BRANDS GLOBAL will post 5.84 earnings per share for the current fiscal year.

DINE BRANDS GLOBAL Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Friday, September 19th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date was Friday, September 19th. DINE BRANDS GLOBAL’s dividend payout ratio (DPR) is 68.00%.

Insiders Place Their Bets

In other news, CFO Vance Yuwen Chang bought 2,340 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was acquired at an average cost of $21.10 per share, with a total value of $49,374.00. Following the completion of the transaction, the chief financial officer directly owned 54,130 shares of the company’s stock, valued at $1,142,143. This represents a 4.52% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John W. Peyton bought 4,523 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was purchased at an average cost of $22.11 per share, with a total value of $100,003.53. Following the completion of the transaction, the chief executive officer directly owned 189,563 shares of the company’s stock, valued at approximately $4,191,237.93. The trade was a 2.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.56% of the company’s stock.

Institutional Trading of DINE BRANDS GLOBAL

A number of large investors have recently bought and sold shares of DIN. GAMMA Investing LLC increased its position in DINE BRANDS GLOBAL by 5,126.3% in the first quarter. GAMMA Investing LLC now owns 6,167 shares of the restaurant operator’s stock worth $144,000 after buying an additional 6,049 shares during the last quarter. CWM LLC increased its position in DINE BRANDS GLOBAL by 215.5% in the first quarter. CWM LLC now owns 7,620 shares of the restaurant operator’s stock worth $177,000 after buying an additional 5,205 shares during the last quarter. Mountain Hill Investment Partners Corp. increased its position in DINE BRANDS GLOBAL by 50.0% in the first quarter. Mountain Hill Investment Partners Corp. now owns 1,500 shares of the restaurant operator’s stock worth $35,000 after buying an additional 500 shares during the last quarter. Kingsview Wealth Management LLC purchased a new position in shares of DINE BRANDS GLOBAL in the first quarter valued at $334,000. Finally, South Dakota Investment Council grew its position in shares of DINE BRANDS GLOBAL by 1.5% in the first quarter. South Dakota Investment Council now owns 178,363 shares of the restaurant operator’s stock valued at $4,151,000 after purchasing an additional 2,600 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.