Dine Brands Global, Inc. (NYSE:DIN) Receives $58.57 Average PT from Analysts

Shares of Dine Brands Global, Inc. (NYSE:DINGet Free Report) have been given an average rating of “Moderate Buy” by the seven ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $56.86.

A number of equities analysts have issued reports on DIN shares. KeyCorp cut their price target on Dine Brands Global from $50.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday. Piper Sandler cut their price target on Dine Brands Global from $49.00 to $48.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. StockNews.com upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Wedbush cut their price target on Dine Brands Global from $48.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Finally, Barclays cut their price target on Dine Brands Global from $57.00 to $54.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th.

View Our Latest Research Report on Dine Brands Global

Dine Brands Global Trading Down 2.3 %

DIN stock opened at $31.43 on Wednesday. Dine Brands Global has a 1-year low of $31.25 and a 1-year high of $60.98. The firm has a market cap of $484.02 million, a PE ratio of 5.59 and a beta of 1.74. The stock has a 50-day moving average price of $39.30 and a 200-day moving average price of $43.75.

Dine Brands Global (NYSE:DINGet Free Report) last issued its earnings results on Wednesday, May 8th. The restaurant operator reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.26). Dine Brands Global had a net margin of 10.59% and a negative return on equity of 35.31%. The firm had revenue of $206.24 million during the quarter, compared to the consensus estimate of $210.54 million. During the same period in the previous year, the firm earned $1.97 earnings per share. The business’s quarterly revenue was down 3.5% on a year-over-year basis. On average, analysts forecast that Dine Brands Global will post 6.18 earnings per share for the current year.

Dine Brands Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Thursday, June 20th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $2.04 dividend on an annualized basis and a yield of 6.49%. Dine Brands Global’s payout ratio is 36.30%.

Institutional Investors Weigh In On Dine Brands Global

Hedge funds and other institutional investors have recently bought and sold shares of the business. 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 valued at $36,000 after acquiring an additional 489 shares during the period. Headlands Technologies LLC raised its holdings in Dine Brands Global by 438.7% during the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 623 shares during the period. EntryPoint Capital LLC bought a new stake in Dine Brands Global during the 1st quarter valued at $132,000. EMC Capital Management bought a new position in shares of Dine Brands Global in the first quarter worth $137,000. Finally, Longfellow Investment Management Co. LLC bought a new position in shares of Dine Brands Global in the fourth quarter worth $187,000. Institutional investors own 92.83% of the company’s stock.

Dine Brands Global Company Profile

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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.

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Analyst Recommendations for Dine Brands Global (NYSE:DIN)

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