Shares of Dine Brands Global Inc (NYSE:DIN) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $121.50.
Several equities analysts have weighed in on the company. Wedbush reissued a “buy” rating and set a $135.00 price target on shares of Dine Brands Global in a research report on Tuesday, May 14th. Zacks Investment Research downgraded Dine Brands Global from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Finally, Maxim Group reissued a “buy” rating on shares of Dine Brands Global in a research report on Wednesday, May 1st.
In other news, Director Larry Alan Kay sold 400 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $88.92, for a total transaction of $35,568.00. Following the sale, the director now owns 7,739 shares in the company, valued at $688,151.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bryan R. Adel sold 13,806 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $97.46, for a total value of $1,345,532.76. The disclosure for this sale can be found here. Insiders have sold 21,896 shares of company stock valued at $2,145,906 in the last three months. 2.71% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of DIN. Norges Bank acquired a new stake in shares of Dine Brands Global during the fourth quarter worth $13,326,000. Waratah Capital Advisors Ltd. boosted its holdings in shares of Dine Brands Global by 1,120.2% during the first quarter. Waratah Capital Advisors Ltd. now owns 212,589 shares of the restaurant operator’s stock worth $19,407,000 after purchasing an additional 195,166 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Dine Brands Global by 27.3% during the first quarter. Victory Capital Management Inc. now owns 835,712 shares of the restaurant operator’s stock worth $76,292,000 after purchasing an additional 179,234 shares during the last quarter. Skyline Asset Management LP acquired a new stake in shares of Dine Brands Global during the first quarter worth $12,991,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Dine Brands Global by 40.5% during the first quarter. Renaissance Technologies LLC now owns 396,000 shares of the restaurant operator’s stock worth $36,151,000 after purchasing an additional 114,100 shares during the last quarter.
NYSE DIN traded up $1.08 during mid-day trading on Thursday, hitting $88.45. The stock had a trading volume of 217,873 shares, compared to its average volume of 407,024. Dine Brands Global has a 52-week low of $61.89 and a 52-week high of $101.18. The company has a market capitalization of $1.55 billion, a P/E ratio of 16.47 and a beta of 0.48.
Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.04. Dine Brands Global had a negative return on equity of 53.27% and a net margin of 11.30%. The firm had revenue of $237.18 million during the quarter, compared to the consensus estimate of $248.96 million. During the same period last year, the business posted $1.11 EPS. Dine Brands Global’s quarterly revenue was up 26.0% on a year-over-year basis. Equities research analysts anticipate that Dine Brands Global will post 7.16 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 20th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Wednesday, June 19th. Dine Brands Global’s payout ratio is 51.40%.
About Dine Brands Global
Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.
Further Reading: Certificate of Deposit (CD)
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