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

Shares of Dine Brands Global, Inc. (NYSE:DIN) have been given a consensus rating of “Hold” by the seven analysts that are currently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $30.40.

Several research analysts have commented on the company. Mizuho reduced 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. KeyCorp restated a “sector weight” rating on shares of Dine Brands Global in a report on Thursday, April 2nd. Barclays dropped their target price 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, May 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dine Brands Global in a report on Tuesday, June 9th. Finally, Zacks Research raised Dine Brands Global from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 2nd.

Dine Brands Global Trading Up 1.0%

NYSE:DIN opened at $34.06 on Thursday. The company has a market capitalization of $432.17 million, a P/E ratio of 33.72 and a beta of 0.95. Dine Brands Global has a 12 month low of $19.58 and a 12 month high of $39.68. The business’s 50-day moving average is $33.22 and its 200 day moving average is $31.76.

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). Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.The company had revenue of $225.20 million during the quarter, compared to the consensus estimate of $222.08 million. During the same quarter in the prior year, the business earned $1.03 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, research analysts forecast that Dine Brands Global will post 4.2 earnings per share for the current year.

Dine Brands Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Wednesday, June 24th were paid a $0.19 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $0.76 dividend on an annualized basis and a yield of 2.2%. Dine Brands Global’s dividend payout ratio (DPR) is 75.25%.

Insider Activity at Dine Brands Global

In related news, Director Michael Hyter sold 1,800 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $269,017.20. This represents a 16.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.73% of the company’s stock.

Institutional Trading of Dine Brands Global

A number of hedge funds have recently added to or reduced their stakes in DIN. Garton & Associates Financial Advisors LLC acquired a new position in shares of Dine Brands Global during the 4th quarter worth about $26,000. Advisory Services Network LLC acquired a new stake in Dine Brands Global in the 3rd quarter worth about $27,000. Financial Management Professionals Inc. increased its stake in Dine Brands Global by 45.4% during the 4th quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock worth $34,000 after buying an additional 326 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Dine Brands Global during the 3rd quarter worth approximately $50,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Dine Brands Global by 307.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator’s stock valued at $51,000 after acquiring an additional 1,578 shares during the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

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.