Mizuho Cuts Dine Brands Global (NYSE:DIN) Price Target to $30.00

Dine Brands Global (NYSE:DIN) had its target price trimmed by Mizuho from $34.00 to $30.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the restaurant operator’s stock.

A number of other research firms also recently commented on DIN. Zacks Research downgraded Dine Brands Global from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Barclays decreased their target price on Dine Brands Global from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. KeyCorp reissued a “sector weight” rating on shares of Dine Brands Global in a research report on Thursday. Weiss Ratings restated a “hold (c-)” rating on shares of Dine Brands Global in a report on Monday, December 29th. Finally, UBS Group reduced their price target on shares of Dine Brands Global from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, February 26th. Seven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $29.50.

Dine Brands Global Stock Down 0.0%

Shares of DIN opened at $25.49 on Thursday. The firm has a market cap of $330.85 million, a PE ratio of 26.28 and a beta of 0.97. The company’s fifty day moving average is $30.87 and its two-hundred day moving average is $30.25. Dine Brands Global has a fifty-two week low of $18.63 and a fifty-two week high of $39.68.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, February 25th. The restaurant operator reported $1.46 earnings per share 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 analyst estimates of $226.27 million. During the same period last year, the company posted $0.87 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts anticipate that Dine Brands Global will post 5.84 earnings per share for the current year.

Dine Brands Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Wednesday, March 18th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, March 18th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.0%. Dine Brands Global’s dividend payout ratio (DPR) is 78.35%.

Insider Activity at Dine Brands Global

In related news, Director Douglas M. Pasquale bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of $27.75 per share, for a total transaction of $27,750.00. Following the acquisition, the director owned 32,469 shares in the company, valued at $901,014.75. This represents a 3.18% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders bought 6,000 shares of company stock worth $173,310. Company insiders own 4.56% of the company’s stock.

Hedge Funds Weigh In On Dine Brands Global

A number of institutional investors and hedge funds have recently bought and sold shares of DIN. Garton & Associates Financial Advisors LLC acquired a new stake in Dine Brands Global in the fourth quarter valued at approximately $26,000. Advisory Services Network LLC purchased a new position in shares of Dine Brands Global in the third quarter valued at $27,000. Financial Management Professionals Inc. boosted its stake in shares of Dine Brands Global by 45.4% in the fourth quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 326 shares during the period. 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. Finally, Tower Research Capital LLC TRC increased its stake 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 worth $51,000 after buying an additional 1,578 shares during the period. Hedge funds and other institutional investors own 92.83% of the company’s stock.

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.