Dine Brands Global (NYSE:DIN) Price Target Cut to $26.00 by Analysts at Barclays

Dine Brands Global (NYSE:DIN) had its price target reduced by Barclays from $29.00 to $26.00 in a report issued on Thursday morning,Benzinga reports. Barclays currently has an equal weight rating on the restaurant operator’s stock.

Several other research firms also recently weighed in on DIN. Mizuho upgraded shares of Dine Brands Global to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Dine Brands Global in a research report on Wednesday, October 8th. Zacks Research downgraded Dine Brands Global from a “hold” rating to a “strong sell” rating in a research report on Tuesday. KeyCorp upped their target price on Dine Brands Global from $26.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Sanford C. Bernstein set a $29.00 target price on Dine Brands Global in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Dine Brands Global currently has a consensus rating of “Reduce” and an average price target of $27.88.

Dine Brands Global Stock Up 2.1%

NYSE DIN traded up $0.51 during mid-day trading on Thursday, hitting $24.89. The stock had a trading volume of 476,487 shares, compared to its average volume of 569,423. The company has a 50 day simple moving average of $25.41 and a 200 day simple moving average of $24.21. The company has a market cap of $382.75 million, a price-to-earnings ratio of 8.30 and a beta of 1.04. Dine Brands Global has a 52-week low of $18.63 and a 52-week high of $37.20.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, November 5th. The restaurant operator reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.09). Dine Brands Global had a negative return on equity of 31.66% and a net margin of 5.40%.The firm had revenue of $216.17 million for the quarter, compared to analysts’ expectations of $221.61 million. During the same quarter in the previous year, the firm posted $1.44 earnings per share. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, equities analysts anticipate that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 23rd will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.1%. Dine Brands Global’s payout ratio is currently 68.00%.

Insider Activity at Dine Brands Global

In other Dine Brands Global news, CFO Vance Yuwen Chang bought 2,340 shares of Dine Brands Global stock in a transaction that occurred on Thursday, August 21st. The shares were purchased at an average cost of $21.10 per share, for a total transaction of $49,374.00. Following the completion of the transaction, the chief financial officer owned 54,130 shares of the company’s stock, valued at $1,142,143. This represents a 4.52% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John W. Peyton acquired 4,523 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were bought at an average cost of $22.11 per share, with a total value of $100,003.53. Following the purchase, the chief executive officer owned 189,563 shares in the company, valued at approximately $4,191,237.93. The trade was a 2.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders acquired 10,945 shares of company stock worth $249,387. 4.56% of the stock is currently owned by insiders.

Institutional Trading of Dine Brands Global

A number of hedge funds have recently made changes to their positions in DIN. Mountain Hill Investment Partners Corp. boosted its stake in Dine Brands Global by 50.0% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 1,500 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 500 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of 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 valued at $51,000 after buying an additional 1,578 shares during the period. AdvisorShares Investments LLC lifted its holdings in shares of Dine Brands Global by 36.7% in the second quarter. AdvisorShares Investments LLC now owns 4,474 shares of the restaurant operator’s stock valued at $109,000 after buying an additional 1,200 shares during the period. Osaic Holdings Inc. boosted its stake in Dine Brands Global by 544.8% during the second quarter. Osaic Holdings Inc. now owns 7,235 shares of the restaurant operator’s stock valued at $176,000 after buying an additional 6,113 shares in the last quarter. Finally, CWM LLC grew its holdings in Dine Brands Global by 215.5% during the first quarter. CWM LLC now owns 7,620 shares of the restaurant operator’s stock worth $177,000 after acquiring an additional 5,205 shares during the period. Hedge funds and other institutional investors own 92.83% of the company’s stock.

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.