Dine Brands Global, Inc. (NYSE:DIN) Receives $32.83 Average PT from Brokerages

Dine Brands Global, Inc. (NYSE:DIN) has received a consensus rating of “Reduce” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and eight have issued a hold rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $32.8333.

A number of brokerages have commented on DIN. Weiss Ratings restated a “hold (c-)” rating on shares of Dine Brands Global in a research note on Friday, September 4th. Zacks Research lowered shares of Dine Brands Global from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Freedom Broker upgraded shares of Dine Brands Global to a “hold” rating in a report on Monday, August 24th. Piper Sandler lifted their price objective 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. Finally, Benchmark reissued a “hold” rating on shares of Dine Brands Global in a research report on Monday, August 10th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Dine Brands Global in the second quarter worth $47,832,000. Cibc World Market Inc. bought a new position in shares of Dine Brands Global during the 2nd quarter worth $25,212,000. Bank of America Corp DE bought a new position in shares of Dine Brands Global during the 2nd quarter worth $5,380,000. 4D Advisors LLC purchased a new stake in Dine Brands Global in the 4th quarter worth about $4,339,000. Finally, Bank of New York Mellon Corp purchased a new stake in Dine Brands Global in the 2nd quarter worth about $4,774,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Dine Brands Global Price Performance

DIN stock opened at $27.02 on Friday. The company’s 50-day moving average is $34.09 and its 200-day moving average is $31.44. The stock has a market capitalization of $342.05 million, a PE ratio of 57.49 and a beta of 0.94. Dine Brands Global has a 1 year low of $22.85 and a 1 year high of $39.68.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). Dine Brands Global had a net margin of 0.75% and a negative return on equity of 20.34%. The firm had revenue of $240.90 million during the quarter, compared to the consensus estimate of $237.28 million. During the same period in the previous year, the firm earned $1.17 earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts anticipate that Dine Brands Global will post 4.25 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, September 16th. This represents a $0.76 dividend on an annualized basis and a yield of 2.8%. Dine Brands Global’s payout ratio is 161.70%.

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.