StockNews.com Lowers Dine Brands Global (NYSE:DIN) to Hold

StockNews.com lowered shares of Dine Brands Global (NYSE:DIN) from a buy rating to a hold rating in a report released on Monday.

A number of other equities analysts have also recently commented on the stock. KeyCorp cut their price target on shares of Dine Brands Global from $57.00 to $52.00 and set an overweight rating for the company in a research note on Tuesday, April 9th. Truist Financial boosted their price target on shares of Dine Brands Global from $70.00 to $74.00 and gave the stock a buy rating in a research note on Thursday, February 29th. Barclays cut their price target on shares of Dine Brands Global from $64.00 to $57.00 and set an overweight rating for the company in a research note on Thursday, February 29th. Wedbush boosted their price objective on shares of Dine Brands Global from $46.00 to $48.00 and gave the stock a neutral rating in a report on Thursday, February 29th. Finally, Benchmark boosted their price objective on shares of Dine Brands Global from $63.00 to $68.00 and gave the stock a buy rating in a report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $59.43.

Dine Brands Global Trading Up 0.3 %

Shares of NYSE:DIN opened at $45.31 on Monday. The company has a 50 day moving average of $45.80 and a 200 day moving average of $46.51. The stock has a market cap of $699.96 million, a P/E ratio of 7.27 and a beta of 1.67. Dine Brands Global has a 12 month low of $42.00 and a 12 month high of $69.71.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, February 28th. The restaurant operator reported $1.40 EPS for the quarter, beating the consensus estimate of $1.12 by $0.28. Dine Brands Global had a net margin of 11.69% and a negative return on equity of 37.72%. The company had revenue of $206.30 million during the quarter, compared to analysts’ expectations of $206.24 million. During the same quarter in the previous year, the company earned $1.34 earnings per share. Dine Brands Global’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts forecast that Dine Brands Global will post 6.47 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Wednesday, March 20th were issued a dividend of $0.51 per share. The ex-dividend date was Tuesday, March 19th. This represents a $2.04 dividend on an annualized basis and a yield of 4.50%. Dine Brands Global’s dividend payout ratio is currently 32.74%.

Institutional Investors Weigh In On Dine Brands Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIN. 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 buying an additional 489 shares during the last quarter. Longfellow Investment Management Co. LLC bought a new stake in Dine Brands Global during the 4th quarter valued at $187,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Dine Brands Global by 127.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,254 shares of the restaurant operator’s stock valued at $211,000 after buying an additional 2,381 shares during the last quarter. D.A. Davidson & CO. bought a new stake in Dine Brands Global during the 3rd quarter valued at $223,000. Finally, Harbor Advisors LLC bought a new stake in Dine Brands Global during the 4th quarter valued at $223,000. 92.83% of the stock is currently owned by institutional investors.

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.