Analysts Set Dine Brands Global, Inc. (NYSE:DIN) Price Target at $60.14

Dine Brands Global, Inc. (NYSE:DIN) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $60.14.

Several research firms have recently commented on DIN. Benchmark upped their price target on shares of Dine Brands Global from $63.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Barclays cut their price target on Dine Brands Global from $64.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. StockNews.com raised Dine Brands Global from a “hold” rating to a “buy” rating in a report on Friday, March 1st. Wedbush lifted their target price on Dine Brands Global from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Finally, KeyCorp boosted their price target on Dine Brands Global from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, December 15th.

Hedge Funds Weigh In On Dine Brands Global

A number of hedge funds have recently modified their holdings of DIN. Quarry LP raised its holdings in Dine Brands Global by 207.2% during the 4th quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock worth $36,000 after buying an additional 489 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Dine Brands Global by 27.1% during the second quarter. PNC Financial Services Group Inc. now owns 1,019 shares of the restaurant operator’s stock valued at $59,000 after acquiring an additional 217 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Dine Brands Global by 57.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,094 shares of the restaurant operator’s stock valued at $70,000 after acquiring an additional 397 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Dine Brands Global by 132.3% in the 1st quarter. Captrust Financial Advisors now owns 929 shares of the restaurant operator’s stock valued at $73,000 after acquiring an additional 529 shares in the last quarter. Finally, Point72 Middle East FZE acquired a new position in Dine Brands Global in the 4th quarter worth approximately $79,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Dine Brands Global Stock Up 2.8 %

DIN opened at $46.18 on Monday. The company’s 50-day moving average price is $46.47 and its 200 day moving average price is $47.49. Dine Brands Global has a fifty-two week low of $42.00 and a fifty-two week high of $70.32. The firm has a market cap of $704.25 million, a price-to-earnings ratio of 7.41 and a beta of 1.68.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results on Wednesday, February 28th. The restaurant operator reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.28. The business had revenue of $206.30 million for the quarter, compared to the consensus estimate of $206.24 million. Dine Brands Global had a negative return on equity of 37.72% and a net margin of 11.69%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the business posted $1.34 EPS. Research analysts anticipate that Dine Brands Global will post 6.47 earnings per share for the current year.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Wednesday, March 20th will be given a dividend of $0.51 per share. The ex-dividend date is Tuesday, March 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.42%. Dine Brands Global’s dividend payout ratio (DPR) is presently 32.74%.

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.