Dine Brands Global (NYSE:DIN) Research Coverage Started at Barclays

Barclays assumed coverage on shares of Dine Brands Global (NYSE:DIN) in a report released on Thursday morning, BenzingaRatingsTable reports. The firm issued an overweight rating and a $115.00 price target on the restaurant operator’s stock.

A number of other equities analysts also recently commented on DIN. Wedbush restated an outperform rating and issued a $21.00 price objective on shares of Epizyme in a report on Wednesday, June 12th. Maxim Group restated a buy rating on shares of Abeona Therapeutics in a report on Wednesday, May 1st. Zacks Investment Research downgraded Hersha Hospitality Trust from a buy rating to a hold rating in a report on Thursday, May 2nd. Finally, Deutsche Bank set a $142.00 price objective on MCCORMICK & CO /SH and gave the stock a hold rating in a report on Friday, June 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $115.83.

Dine Brands Global stock opened at $99.01 on Thursday. The stock has a 50-day moving average price of $95.14. The stock has a market cap of $1.74 billion, a P/E ratio of 16.07 and a beta of 0.37. Dine Brands Global has a 12 month low of $65.63 and a 12 month high of $104.00.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.04. The company had revenue of $237.18 million for the quarter, compared to the consensus estimate of $248.96 million. Dine Brands Global had a negative return on equity of 53.27% and a net margin of 11.30%. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period last year, the business posted $1.11 EPS. Research analysts forecast that Dine Brands Global will post 7.16 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Thursday, June 20th were paid a $0.69 dividend. The ex-dividend date of this dividend was Wednesday, June 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.79%. Dine Brands Global’s dividend payout ratio (DPR) is currently 51.40%.

In other news, Director Larry Alan Kay sold 400 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $89.16, for a total value of $35,664.00. Following the completion of the sale, the director now owns 7,239 shares in the company, valued at $645,429.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Bryan R. Adel sold 8,000 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $102.63, for a total value of $821,040.00. Following the completion of the sale, the senior vice president now owns 21,505 shares of the company’s stock, valued at approximately $2,207,058.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,800 shares of company stock valued at $892,272. Insiders own 2.71% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its stake in Dine Brands Global by 0.9% during the 4th quarter. BlackRock Inc. now owns 2,490,106 shares of the restaurant operator’s stock valued at $167,686,000 after purchasing an additional 21,391 shares in the last quarter. Wells Fargo & Company MN grew its stake in Dine Brands Global by 7.2% during the 1st quarter. Wells Fargo & Company MN now owns 1,142,900 shares of the restaurant operator’s stock valued at $104,336,000 after purchasing an additional 77,147 shares in the last quarter. Victory Capital Management Inc. grew its stake in Dine Brands Global by 27.3% during the 1st quarter. Victory Capital Management Inc. now owns 835,712 shares of the restaurant operator’s stock valued at $76,292,000 after purchasing an additional 179,234 shares in the last quarter. Waratah Capital Advisors Ltd. grew its stake in Dine Brands Global by 1,120.2% during the 1st quarter. Waratah Capital Advisors Ltd. now owns 212,589 shares of the restaurant operator’s stock valued at $19,407,000 after purchasing an additional 195,166 shares in the last quarter. Finally, Norges Bank acquired a new stake in Dine Brands Global during the 4th quarter valued at approximately $13,326,000.

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.

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Analyst Recommendations for Dine Brands Global (NYSE:DIN)

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