Brokerages Set Dine Brands Global, Inc. (NYSE:DIN) Price Target at $30.40

Shares of Dine Brands Global, Inc. (NYSE:DIN) have been assigned an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokerages that have covered the stock in the last year is $30.40.

A number of analysts have recently weighed in on the company. UBS Group cut their target price on Dine Brands Global from $35.00 to $33.00 and set a “neutral” rating for the company in a research report on Thursday, February 26th. Barclays decreased their price target on Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday. Mizuho cut their price objective on shares of Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. KeyCorp reiterated a “sector weight” rating on shares of Dine Brands Global in a research note on Thursday, April 2nd. Finally, Benchmark reissued a “hold” rating on shares of Dine Brands Global in a report on Monday, March 2nd.

Dine Brands Global Trading Up 2.5%

NYSE DIN opened at $29.10 on Friday. Dine Brands Global has a 1-year low of $19.58 and a 1-year high of $39.68. The company has a 50 day moving average of $28.08 and a 200-day moving average of $30.57. The company has a market cap of $369.22 million, a price-to-earnings ratio of 28.81 and a beta of 0.94.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.12). The company had revenue of $225.20 million for the quarter, compared to analyst estimates of $222.08 million. Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.During the same period in the prior year, the company earned $1.03 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts forecast that Dine Brands Global will post 4.62 earnings per share for the current year.

Dine Brands Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Wednesday, March 18th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, March 18th. This represents a $0.76 annualized dividend and a dividend yield of 2.6%. Dine Brands Global’s dividend payout ratio (DPR) is currently 75.25%.

Insider Buying and Selling

In other Dine Brands Global news, Director Michael Hyter sold 1,800 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $28.88, for a total transaction of $51,984.00. Following the completion of the transaction, the director directly owned 9,315 shares in the company, valued at $269,017.20. The trade was a 16.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas M. Pasquale bought 2,000 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were acquired at an average price of $28.25 per share, with a total value of $56,500.00. Following the completion of the purchase, the director directly owned 31,469 shares of the company’s stock, valued at approximately $888,999.25. The trade was a 6.79% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 6,000 shares of company stock worth $173,310 over the last three months. 6.73% of the stock is currently owned by insiders.

Institutional Trading of Dine Brands Global

Several large investors have recently bought and sold shares of DIN. SummerHaven Investment Management LLC acquired a new position in Dine Brands Global during the third quarter worth about $837,000. SG Americas Securities LLC acquired a new stake in shares of Dine Brands Global in the 3rd quarter valued at approximately $1,983,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Dine Brands Global in the 3rd quarter valued at approximately $895,000. Factorial Partners LLC grew its holdings in shares of Dine Brands Global by 32.7% during the 3rd quarter. Factorial Partners LLC now owns 89,316 shares of the restaurant operator’s stock valued at $2,208,000 after purchasing an additional 22,000 shares during the last quarter. Finally, Versor Investments LP bought a new stake in shares of Dine Brands Global during the 3rd quarter valued at approximately $269,000. 92.83% of the stock is owned by institutional investors and hedge funds.

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.