Dine Brands Global, Inc. (NYSE:DIN) Receives Average Rating of “Hold” from Analysts

Dine Brands Global, Inc. (NYSE:DIN) has earned a consensus rating of “Hold” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $30.40.

DIN has been the topic of a number of research analyst reports. KeyCorp reiterated a “sector weight” rating on shares of Dine Brands Global in a research note on Thursday, April 2nd. Zacks Research raised shares of Dine Brands Global from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Barclays lowered their price objective on Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Mizuho cut their price objective on Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Finally, Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research report on Monday, March 2nd.

Dine Brands Global Stock Performance

NYSE:DIN opened at $33.17 on Wednesday. The stock has a market cap of $420.86 million, a price-to-earnings ratio of 32.54 and a beta of 0.97. Dine Brands Global has a one year low of $19.58 and a one year high of $39.68. The business’s 50-day simple moving average is $28.63 and its 200 day simple moving average is $31.21.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.12). Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.The business had revenue of $225.20 million for the quarter, compared to analysts’ expectations of $222.08 million. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Dine Brands Global’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities research analysts predict that Dine Brands Global will post 4.64 EPS for the current year.

Dine Brands Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Wednesday, June 24th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, June 24th. This represents a $0.76 annualized dividend and a yield of 2.3%. Dine Brands Global’s payout ratio is presently 75.25%.

Insiders Place Their Bets

In other news, Director Michael Hyter sold 1,800 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $28.88, for a total value of $51,984.00. Following the transaction, the director directly owned 9,315 shares in the company, valued at approximately $269,017.20. This trade represents a 16.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Douglas M. Pasquale acquired 1,000 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of $27.75 per share, with a total value of $27,750.00. Following the transaction, the director owned 32,469 shares in the company, valued at approximately $901,014.75. The trade was a 3.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 6.73% of the stock is currently owned by corporate insiders.

Institutional Trading of Dine Brands Global

Hedge funds have recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Dine Brands Global in the fourth quarter worth $9,099,000. Millennium Management LLC boosted its holdings in shares of Dine Brands Global by 51.2% during the first quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after acquiring an additional 172,013 shares during the period. Nomura Holdings Inc. bought a new position in shares of Dine Brands Global during the third quarter worth about $4,175,000. 4D Advisors LLC acquired a new stake in shares of Dine Brands Global in the 4th quarter worth about $4,339,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Dine Brands Global in the 4th quarter worth about $3,567,000. 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.