Dine Brands Global, Inc. (NYSE:DIN) Stock Has Consensus Target Price of $32.83

Shares of Dine Brands Global, Inc. (NYSE:DIN) have received an average rating of “Hold” from the nine research firms that are covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a hold recommendation. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $32.83.

DIN has been the topic of a number of research reports. Zacks Research upgraded shares of Dine Brands Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dine Brands Global in a research report on Friday, September 4th. Freedom Broker raised Dine Brands Global to a “hold” rating in a research note on Monday, August 24th. Mizuho set a $38.00 price objective on shares of Dine Brands Global in a research note on Thursday, August 6th. Finally, Piper Sandler boosted their price objective on shares of Dine Brands Global from $28.00 to $37.00 and gave the company a “neutral” rating in a research report on Monday, August 10th.

Dine Brands Global Price Performance

Shares of DIN stock opened at $29.55 on Tuesday. The company has a market capitalization of $374.13 million, a price-to-earnings ratio of 62.88 and a beta of 0.98. Dine Brands Global has a one year low of $23.23 and a one year high of $39.68. The company’s fifty day moving average price is $31.85 and its 200-day moving average price is $31.31.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). The business had revenue of $240.90 million during the quarter, compared to analysts’ expectations of $237.28 million. Dine Brands Global had a negative return on equity of 20.34% and a net margin of 0.75%.The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.17 EPS. Equities research analysts expect that Dine Brands Global will post 4.27 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 16th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Wednesday, September 16th. Dine Brands Global’s dividend payout ratio is presently 161.70%.

Institutional Investors Weigh In On Dine Brands Global

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Dine Brands Global in the second quarter worth approximately $47,832,000. Cibc World Market Inc. purchased a new stake in shares of Dine Brands Global during the 2nd quarter valued at $25,212,000. Dimensional Fund Advisors LP lifted its holdings in shares of Dine Brands Global by 19.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 241,204 shares of the restaurant operator’s stock valued at $6,329,000 after purchasing an additional 39,646 shares during the last quarter. Seven Six Capital Management LLC boosted its position in shares of Dine Brands Global by 24.1% in the 1st quarter. Seven Six Capital Management LLC now owns 212,400 shares of the restaurant operator’s stock worth $5,573,000 after purchasing an additional 41,225 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Dine Brands Global in the 2nd quarter valued at approximately $5,380,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

About Dine Brands Global

Dine Brands Global, Inc (NYSE:DIN) is a franchisor and restaurant-services company that owns and supports a portfolio of full-service dining brands. Its primary brands are Applebee’s Neighborhood Grill + Bar, a casual-dining chain known for burgers, steaks, drinks and other American fare, and IHOP, a family-dining chain specializing in pancakes, breakfast foods and a broad menu of lunch and dinner items.

The company’s business model is primarily franchise-based. Dine Brands provides franchisees with brand development, restaurant concepts, marketing, training, technology and operational support, while generating revenue through franchise royalties, fees and other related services.