Dine Brands Global’s (DIN) Outperform Rating Reiterated at Wedbush

Wedbush restated their outperform rating on shares of Dine Brands Global (NYSE:DIN) in a report released on Friday,Benzinga reports. They currently have a $47.00 price objective on the restaurant operator’s stock.

Other equities analysts have also recently issued research reports about the company. CL King cut Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Barclays increased their target price on shares of Dine Brands Global from $38.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Truist Financial reiterated a “hold” rating and set a $37.00 target price (down from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a report on Tuesday, October 29th. Finally, KeyCorp dropped their target price on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Dine Brands Global presently has a consensus rating of “Hold” and a consensus price target of $44.71.

Dine Brands Global Trading Down 4.4 %

DIN stock opened at $33.75 on Friday. The business’s 50 day moving average is $31.49 and its 200-day moving average is $34.48. Dine Brands Global has a 1-year low of $28.25 and a 1-year high of $52.05. The firm has a market cap of $514.61 million, a P/E ratio of 5.71 and a beta of 1.71.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The business had revenue of $195.00 million for the quarter, compared to analyst estimates of $198.40 million. During the same period in the prior year, the company earned $1.46 EPS. Dine Brands Global’s revenue for the quarter was down 3.8% on a year-over-year basis. Sell-side analysts forecast that Dine Brands Global will post 5.84 EPS for the current year.

Dine Brands Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 20th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date of this dividend was Friday, September 20th. Dine Brands Global’s payout ratio is currently 33.94%.

Institutional Investors Weigh In On Dine Brands Global

Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its holdings in Dine Brands Global by 12.5% in the 1st quarter. BNP Paribas Financial Markets now owns 12,832 shares of the restaurant operator’s stock valued at $596,000 after acquiring an additional 1,426 shares in the last quarter. Headlands Technologies LLC increased its holdings in Dine Brands Global by 438.7% in the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 623 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Dine Brands Global during the 1st quarter worth about $132,000. Keeley Teton Advisors LLC increased its stake in Dine Brands Global by 12.7% during the 1st quarter. Keeley Teton Advisors LLC now owns 26,861 shares of the restaurant operator’s stock valued at $1,248,000 after purchasing an additional 3,037 shares in the last quarter. Finally, Quadrature Capital Ltd raised its position in Dine Brands Global by 127.3% in the 1st quarter. Quadrature Capital Ltd now owns 13,120 shares of the restaurant operator’s stock valued at $610,000 after buying an additional 7,348 shares during the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

About Dine Brands Global

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.