Dine Brands Global (NYSE:DIN) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Dine Brands Global (NYSE:DIN) from a strong sell rating to a hold rating in a report published on Tuesday,Zacks reports.

Other equities analysts also recently issued reports about the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dine Brands Global in a research note on Friday, September 4th. Mizuho set a $38.00 price target on shares of Dine Brands Global in a research note on Thursday, August 6th. Piper Sandler raised their price target on shares of Dine Brands Global from $28.00 to $37.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Benchmark restated a “hold” rating on shares of Dine Brands Global in a research report on Monday, August 10th. Finally, Freedom Broker upgraded shares of Dine Brands Global to a “hold” rating in a research report on Monday, August 24th. Nine analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $32.83.

Dine Brands Global Stock Performance

Shares of DIN opened at $27.44 on Tuesday. The stock has a fifty day moving average price of $33.96 and a two-hundred day moving average price of $31.41. Dine Brands Global has a 52-week low of $22.85 and a 52-week high of $39.68. The company has a market cap of $347.35 million, a price-to-earnings ratio of 58.38 and a beta of 0.94.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.04). The business had revenue of $240.90 million for the quarter, compared to the consensus estimate of $237.28 million. Dine Brands Global had a negative return on equity of 20.34% and a net margin of 0.75%.Dine Brands Global’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.17 EPS. As a group, research analysts predict that Dine Brands Global will post 4.25 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 16th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, September 16th. Dine Brands Global’s dividend payout ratio (DPR) is 161.70%.

Institutional Investors Weigh In On Dine Brands Global

Several institutional investors have recently modified their holdings of DIN. Public Employees Retirement System of Ohio bought a new stake in shares of Dine Brands Global during the 2nd quarter valued at $35,000. Legal & General Group Plc bought a new position in shares of Dine Brands Global in the 2nd quarter worth $43,000. Meeder Asset Management Inc. bought a new position in shares of Dine Brands Global in the 2nd quarter worth $73,000. AdvisorShares Investments LLC grew its stake in shares of Dine Brands Global by 8.2% during the fourth quarter. AdvisorShares Investments LLC now owns 3,758 shares of the restaurant operator’s stock worth $121,000 after purchasing an additional 284 shares during the period. Finally, Connective Capital Management LLC acquired a new stake in shares of Dine Brands Global during the second quarter worth $168,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

About Dine Brands Global

Dine Brands Global, Inc is a full-service restaurant company that owns, franchises and operates restaurant brands. Its principal concepts are Applebee’s Neighborhood Grill + Bar, a casual-dining chain known for burgers, steaks, beverages and other American dishes, and IHOP, which specializes in pancakes, breakfast foods and all-day dining.

The company also owns Fuzzy’s Taco Shop, a fast-casual Mexican restaurant concept offering tacos, burritos, quesadillas and related menu items. Dine Brands primarily supports its brands through franchising and licensing, providing franchisees with brand management, restaurant development, marketing, training and operational support.

Through its franchise and licensing relationships, Dine Brands serves customers in the United States and select international markets.