ValuEngine lowered shares of Dine Brands Global (NYSE:DIN) from a buy rating to a hold rating in a report published on Friday morning.

A number of other equities research analysts also recently commented on DIN. Maxim Group reaffirmed a buy rating and issued a $101.00 price objective (up previously from $95.00) on shares of Dine Brands Global in a research report on Wednesday, August 1st. Zacks Investment Research raised Dine Brands Global from a hold rating to a buy rating and set a $89.00 price objective for the company in a research report on Wednesday, August 22nd. Raymond James downgraded Dine Brands Global from a strong-buy rating to an outperform rating and lifted their price objective for the company from $92.50 to $108.00 in a research report on Monday, September 10th. Finally, TheStreet raised Dine Brands Global from a d+ rating to a c+ rating in a research report on Friday, November 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Dine Brands Global has an average rating of Hold and an average target price of $104.00.

Shares of NYSE:DIN opened at $86.35 on Friday. The firm has a market capitalization of $1.53 billion, a PE ratio of 20.81 and a beta of -0.06. Dine Brands Global has a 52 week low of $42.05 and a 52 week high of $95.09.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, October 31st. The restaurant operator reported $1.53 EPS for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.01. The business had revenue of $194.10 million during the quarter, compared to the consensus estimate of $185.98 million. Dine Brands Global had a negative return on equity of 40.87% and a net margin of 19.41%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. As a group, analysts expect that Dine Brands Global will post 5.25 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Thursday, December 20th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Wednesday, December 19th. Dine Brands Global’s dividend payout ratio is currently 60.72%.

In other Dine Brands Global news, SVP Bryan R. Adel sold 10,488 shares of the business’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $89.50, for a total transaction of $938,676.00. Following the completion of the sale, the senior vice president now owns 26,895 shares of the company’s stock, valued at $2,407,102.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Larry Alan Kay sold 400 shares of the business’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $90.32, for a total value of $36,128.00. The disclosure for this sale can be found here. 2.75% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. MetLife Investment Advisors LLC grew its position in Dine Brands Global by 10.2% during the second quarter. MetLife Investment Advisors LLC now owns 7,762 shares of the restaurant operator’s stock valued at $581,000 after acquiring an additional 716 shares during the period. New York State Teachers Retirement System grew its position in Dine Brands Global by 2.0% during the second quarter. New York State Teachers Retirement System now owns 38,422 shares of the restaurant operator’s stock valued at $2,874,000 after acquiring an additional 767 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Dine Brands Global by 8.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 10,743 shares of the restaurant operator’s stock valued at $809,000 after acquiring an additional 832 shares during the period. Guggenheim Capital LLC grew its position in Dine Brands Global by 26.8% during the first quarter. Guggenheim Capital LLC now owns 5,456 shares of the restaurant operator’s stock valued at $358,000 after acquiring an additional 1,153 shares during the period. Finally, Teachers Advisors LLC grew its position in Dine Brands Global by 3.5% during the third quarter. Teachers Advisors LLC now owns 34,274 shares of the restaurant operator’s stock valued at $2,787,000 after acquiring an additional 1,161 shares during the period.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.

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