Analysts Set Dine Brands Global, Inc. (NYSE:DIN) Target Price at $29.50

Shares of Dine Brands Global, Inc. (NYSE:DIN) have received an average recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation. The average 1-year price target among brokers that have covered the stock in the last year is $29.50.

Several equities research analysts have commented on the company. Zacks Research raised Dine Brands Global from a “strong sell” rating to a “hold” rating in a report on Thursday, April 2nd. KeyCorp reaffirmed a “sector weight” rating on shares of Dine Brands Global in a report on Thursday, April 2nd. Mizuho lowered their price target on Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. UBS Group lowered their price target on Dine Brands Global from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dine Brands Global in a report on Monday, December 29th.

Insider Buying and Selling at Dine Brands Global

In other Dine Brands Global news, Director Douglas M. Pasquale acquired 2,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was purchased at an average price of $28.25 per share, with a total value of $56,500.00. Following the completion of the purchase, the director directly owned 31,469 shares in the company, valued at approximately $888,999.25. The trade was a 6.79% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought a total of 6,000 shares of company stock valued at $173,310 over the last three months. Corporate insiders own 6.73% of the company’s stock.

Hedge Funds Weigh In On Dine Brands Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Olstein Capital Management L.P. boosted its stake in Dine Brands Global by 21.4% during the third quarter. Olstein Capital Management L.P. now owns 310,711 shares of the restaurant operator’s stock valued at $7,681,000 after buying an additional 54,711 shares during the last quarter. SummerHaven Investment Management LLC bought a new position in Dine Brands Global during the third quarter valued at approximately $837,000. SG Americas Securities LLC bought a new position in Dine Brands Global during the third quarter valued at approximately $1,983,000. Y Intercept Hong Kong Ltd bought a new position in Dine Brands Global during the third quarter valued at approximately $895,000. Finally, Factorial Partners LLC boosted its stake in Dine Brands Global by 32.7% during the third quarter. Factorial Partners LLC now owns 89,316 shares of the restaurant operator’s stock valued at $2,208,000 after buying an additional 22,000 shares during the last quarter. 92.83% of the stock is owned by institutional investors.

Dine Brands Global Trading Down 1.0%

Dine Brands Global stock traded down $0.31 during mid-day trading on Tuesday, hitting $29.02. The company had a trading volume of 23,468 shares, compared to its average volume of 401,120. The stock’s 50 day moving average price is $29.22 and its two-hundred day moving average price is $30.49. Dine Brands Global has a 12 month low of $19.00 and a 12 month high of $39.68. The company has a market capitalization of $376.61 million, a PE ratio of 30.13 and a beta of 0.97.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, February 25th. The restaurant operator reported $1.46 EPS for the quarter, topping the consensus estimate of $1.10 by $0.36. Dine Brands Global had a negative return on equity of 27.12% and a net margin of 1.88%.The business had revenue of $217.57 million for the quarter, compared to the consensus estimate of $226.27 million. During the same period in the previous year, the company posted $0.87 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities research analysts anticipate that Dine Brands Global will post 4.77 EPS for the current year.

Dine Brands Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Wednesday, March 18th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, March 18th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.6%. Dine Brands Global’s dividend payout ratio is 78.35%.

About Dine Brands Global

Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.