Dine Brands Global, Inc. (NYSE:DIN) Receives $31.29 Average PT from Analysts

Shares of Dine Brands Global, Inc. (NYSE:DIN) have earned a consensus recommendation of “Hold” from the eight research firms that are presently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $31.2857.

Several research firms recently weighed in on DIN. Mizuho boosted their price target on shares of Dine Brands Global from $28.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, January 9th. Barclays lifted their target price on shares of Dine Brands Global from $26.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. KeyCorp boosted their target price on Dine Brands Global from $26.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. UBS Group increased their price target on Dine Brands Global from $21.00 to $35.00 and gave the company a “neutral” rating in a research report on Tuesday, January 6th. Finally, Sanford C. Bernstein set a $29.00 price target on Dine Brands Global in a report on Wednesday, October 22nd.

Dine Brands Global Stock Up 2.4%

Shares of NYSE:DIN opened at $35.22 on Thursday. The stock has a market cap of $507.93 million, a price-to-earnings ratio of 15.73 and a beta of 0.97. Dine Brands Global has a 12-month low of $18.63 and a 12-month high of $39.68. The business’s 50 day moving average is $34.21 and its 200 day moving average is $27.95.

Dine Brands Global (NYSE:DIN) last released its quarterly 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). The company had revenue of $216.17 million during the quarter, compared to analysts’ expectations of $221.61 million. Dine Brands Global had a net margin of 3.91% and a negative return on equity of 26.01%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.44 earnings per share. As a group, equities research 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 was paid on Wednesday, January 7th. Investors of record on Tuesday, December 23rd were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, December 23rd. Dine Brands Global’s payout ratio is 33.93%.

Insider Activity

In related news, Director Richard J. Dahl acquired 3,600 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was acquired at an average price of $27.47 per share, for a total transaction of $98,892.00. Following the completion of the acquisition, the director owned 3,600 shares of the company’s stock, valued at approximately $98,892. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Howard M. Berk acquired 4,082 shares of the stock in a transaction on Friday, November 7th. The stock was bought at an average cost of $24.50 per share, for a total transaction of $100,009.00. Following the transaction, the director owned 41,947 shares of the company’s stock, 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. In the last 90 days, insiders have purchased 8,332 shares of company stock valued at $220,455. 4.56% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dine Brands Global

Several institutional investors have recently bought and sold shares of DIN. Financial Management Professionals Inc. grew its holdings in Dine Brands Global by 45.4% during the fourth quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 326 shares during the period. SG Americas Securities LLC grew its stake in shares of Dine Brands Global by 4.6% during the 4th quarter. SG Americas Securities LLC now owns 83,919 shares of the restaurant operator’s stock worth $2,697,000 after acquiring an additional 3,700 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in Dine Brands Global in the 4th quarter worth about $196,000. Advisory Services Network LLC bought a new stake in Dine Brands Global in the 3rd quarter valued at about $27,000. Finally, Prelude Capital Management LLC bought a new stake in Dine Brands Global in the 3rd quarter valued at about $1,024,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Dine Brands Global Company Profile

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.