Dine Brands Global, Inc. (NYSE:DIN) Receives $30.40 Consensus Price Target from Brokerages

Shares of Dine Brands Global, Inc. (NYSE:DINGet Free Report) have earned a consensus rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $30.40.

Several equities research analysts recently commented on DIN shares. Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a report on Thursday, April 2nd. Barclays lowered their price objective on shares of Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. KeyCorp reaffirmed a “sector weight” rating on shares of Dine Brands Global in a research note on Thursday, April 2nd. Mizuho dropped their price objective on Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Dine Brands Global in a research report on Tuesday, June 9th.

Read Our Latest Report on DIN

Insiders Place Their Bets

In other Dine Brands Global news, Director Michael Hyter sold 1,800 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $28.88, for a total value of $51,984.00. Following the transaction, the director owned 9,315 shares of the company’s stock, valued at $269,017.20. This trade represents a 16.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 6.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dine Brands Global

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Dine Brands Global by 10.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,041,335 shares of the restaurant operator’s stock valued at $25,742,000 after purchasing an additional 101,304 shares in the last quarter. Cibc World Market Inc. grew its stake in shares of Dine Brands Global by 14.0% in the 4th quarter. Cibc World Market Inc. now owns 821,184 shares of the restaurant operator’s stock worth $26,393,000 after purchasing an additional 101,054 shares during the last quarter. Millennium Management LLC grew its stake in shares of Dine Brands Global by 51.2% in the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock worth $11,817,000 after purchasing an additional 172,013 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Dine Brands Global by 16.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 377,399 shares of the restaurant operator’s stock worth $12,130,000 after purchasing an additional 54,506 shares in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in Dine Brands Global by 3.8% during the third quarter. Two Sigma Investments LP now owns 353,292 shares of the restaurant operator’s stock worth $8,733,000 after buying an additional 12,821 shares in the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

Dine Brands Global Trading Up 0.5%

NYSE DIN opened at $36.27 on Thursday. The business’s 50-day moving average price is $33.57 and its 200 day moving average price is $31.73. Dine Brands Global has a twelve month low of $19.58 and a twelve month high of $39.68. The company has a market capitalization of $460.33 million, a PE ratio of 35.92 and a beta of 0.95.

Dine Brands Global (NYSE:DINGet Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.12). Dine Brands Global had a net margin of 1.77% and a negative return on equity of 23.28%. The company had revenue of $225.20 million during the quarter, compared to analyst estimates of $222.08 million. During the same quarter last year, the business earned $1.03 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities analysts predict that Dine Brands Global will post 4.2 EPS for the current year.

Dine Brands Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Wednesday, June 24th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, June 24th. Dine Brands Global’s dividend payout ratio is currently 75.25%.

Dine Brands Global Company Profile

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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.

See Also

Analyst Recommendations for Dine Brands Global (NYSE:DIN)

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