Dine Brands Global (NYSE:DIN) Reaches New 12-Month High – Still a Buy?

Dine Brands Global, Inc. (NYSE:DIN)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $37.20 and last traded at $36.54, with a volume of 53156 shares trading hands. The stock had previously closed at $34.57.

Wall Street Analysts Forecast Growth

DIN has been the subject of several recent analyst reports. Barclays upped their target price on shares of Dine Brands Global from $26.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Wednesday. KeyCorp upped their price objective on shares of Dine Brands Global from $26.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Sanford C. Bernstein set a $29.00 price objective on shares of Dine Brands Global in a research note on Wednesday, October 22nd. Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Finally, UBS Group upped their target price on Dine Brands Global from $21.00 to $35.00 and gave the company a “neutral” rating in a report on Tuesday. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $30.43.

Dine Brands Global Stock Down 0.4%

The firm has a market cap of $520.61 million, a P/E ratio of 16.11 and a beta of 0.92. The firm’s 50-day simple moving average is $30.48 and its 200 day simple moving average is $26.56.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, November 5th. The restaurant operator reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.09). The company had revenue of $216.17 million for the quarter, compared to the consensus estimate of $221.61 million. Dine Brands Global had a net margin of 3.91% and a negative return on equity of 26.01%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.44 earnings per share. As a group, analysts forecast that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd were paid a $0.19 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $0.76 annualized dividend and a dividend yield of 2.1%. Dine Brands Global’s payout ratio is presently 33.93%.

Insiders Place Their Bets

In other Dine Brands Global news, Director Richard J. Dahl acquired 3,600 shares of the company’s stock in a transaction on Friday, November 21st. The shares were acquired at an average cost of $27.47 per share, with a total value of $98,892.00. Following the completion of the acquisition, the director directly owned 3,600 shares in the company, valued at $98,892. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Howard M. Berk bought 4,082 shares of the business’s stock in a transaction on Friday, November 7th. The shares were acquired at an average price of $24.50 per share, with a total value of $100,009.00. Following the transaction, the director directly owned 41,947 shares of the company’s stock, valued at approximately $1,027,701.50. This trade represents a 10.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 8,332 shares of company stock worth $220,455 in the last ninety days. Insiders own 4.56% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC bought a new stake in Dine Brands Global during the 3rd quarter valued at $27,000. Mountain Hill Investment Partners Corp. raised its stake in shares of Dine Brands Global by 33.3% during the 2nd quarter. Mountain Hill Investment Partners Corp. now owns 2,000 shares of the restaurant operator’s stock valued at $49,000 after purchasing an additional 500 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Dine Brands Global during the 3rd quarter valued at $50,000. Tower Research Capital LLC TRC lifted its holdings in Dine Brands Global by 307.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 1,578 shares in the last quarter. Finally, Quadrant Capital Group LLC bought a new position in Dine Brands Global in the 3rd quarter worth about $87,000. 92.83% of the stock is currently 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.