Zacks Investment Research lowered shares of Dine Brands Global (NYSE:DIN) from a hold rating to a sell rating in a research report released on Wednesday.

According to Zacks, “Dine Brands Global, Inc. is a full-service dining company. It operates and franchises restaurants under both the Applebee’s Neighborhood Grill & Bar and IHOP brands. The company’s Applebee’s restaurants offer casual food, drinks, casual dining, and table services and IHOP restaurants provide full table services, and food and beverage offerings. Dine Brands Global, Inc. formerly known as Dine Equity Inc., is headquartered in Glendale, California. “

A number of other analysts have also commented on the stock. Raymond James lowered shares of Dine Brands Global from a strong-buy rating to an outperform rating and boosted their price target for the company from $92.50 to $108.00 in a research note on Monday, September 10th. Maxim Group boosted their price target on shares of Dine Brands Global from $101.00 to $115.00 and gave the company a buy rating in a research note on Friday, September 28th. ValuEngine lowered shares of Dine Brands Global from a buy rating to a hold rating in a research note on Friday, November 16th. Finally, TheStreet upgraded shares of Dine Brands Global from a d+ rating to a c+ rating in a research note on Friday, November 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $104.00.

NYSE:DIN opened at $89.16 on Wednesday. The firm has a market capitalization of $1.54 billion, a PE ratio of 21.48 and a beta of -0.06. Dine Brands Global has a twelve month low of $42.05 and a twelve month high of $95.09.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Thursday, December 20th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Wednesday, December 19th. This represents a $2.52 annualized dividend and a dividend yield of 2.83%. Dine Brands Global’s payout ratio is 60.72%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Dine Brands Global by 3.5% in the 3rd quarter. BlackRock Inc. now owns 2,468,715 shares of the restaurant operator’s stock worth $200,729,000 after buying an additional 83,749 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Dine Brands Global by 0.4% in the 3rd quarter. Wells Fargo & Company MN now owns 1,167,845 shares of the restaurant operator’s stock worth $94,957,000 after buying an additional 4,116 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Dine Brands Global by 16.3% in the 3rd quarter. Victory Capital Management Inc. now owns 716,170 shares of the restaurant operator’s stock worth $58,232,000 after buying an additional 100,200 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Dine Brands Global by 6.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 490,425 shares of the restaurant operator’s stock worth $39,876,000 after buying an additional 29,617 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its holdings in shares of Dine Brands Global by 32.1% in the 2nd quarter. WINTON GROUP Ltd now owns 208,376 shares of the restaurant operator’s stock worth $15,587,000 after buying an additional 50,664 shares during the last quarter.

About Dine Brands Global

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.

Featured Story: What are no-load funds?

Get a free copy of the Zacks research report on Dine Brands Global (DIN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Dine Brands Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dine Brands Global and related companies with MarketBeat.com's FREE daily email newsletter.