Dine Brands Global, Inc. (NYSE:DIN) Receives Consensus Recommendation of “Reduce” from Analysts

Dine Brands Global, Inc. (NYSE:DIN) has received an average recommendation of “Reduce” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $26.4286.

DIN has been the subject of several research analyst reports. Sanford C. Bernstein set a $29.00 price objective on Dine Brands Global in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Dine Brands Global in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Dine Brands Global from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. Barclays dropped their target price on shares of Dine Brands Global from $29.00 to $26.00 and set an “equal weight” rating for the company in a report on Thursday, November 6th. Finally, KeyCorp boosted their price target on Dine Brands Global from $26.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th.

Insider Buying and Selling at Dine Brands Global

In other news, Director Howard M. Berk purchased 4,082 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was acquired at an average price of $24.50 per share, with a total value of $100,009.00. Following the purchase, the director directly owned 41,947 shares of the company’s stock, valued at $1,027,701.50. This represents a 10.78% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dine Brands Global

Hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new stake in shares of Dine Brands Global in the third quarter valued at about $27,000. Mountain Hill Investment Partners Corp. lifted its stake in Dine Brands Global by 33.3% in the 2nd quarter. Mountain Hill Investment Partners Corp. now owns 2,000 shares of the restaurant operator’s stock valued at $49,000 after buying an additional 500 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Dine Brands Global during the 3rd quarter valued at $50,000. Tower Research Capital LLC TRC grew 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 valued at $51,000 after buying an additional 1,578 shares during the last quarter. Finally, Quadrant Capital Group LLC purchased a new position in Dine Brands Global during the third quarter worth $87,000. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Dine Brands Global Stock Up 0.9%

NYSE DIN opened at $26.63 on Friday. The stock has a market capitalization of $384.05 million, a P/E ratio of 8.88 and a beta of 1.04. Dine Brands Global has a 52-week low of $18.63 and a 52-week high of $35.99. The firm has a 50-day moving average price of $25.84 and a 200 day moving average price of $24.56.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, November 5th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.09). The business had revenue of $216.17 million for the quarter, compared to analyst estimates of $221.61 million. Dine Brands Global had a negative return on equity of 31.66% and a net margin of 5.40%.The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 EPS. On average, equities research analysts expect that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $0.76 annualized dividend and a yield of 2.9%. Dine Brands Global’s dividend payout ratio is 33.93%.

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.