Dine Brands Global, Inc. (NYSE:DIN) Receives $60.14 Consensus Target Price from Analysts

Shares of Dine Brands Global, Inc. (NYSE:DIN) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $60.14.

DIN has been the topic of several recent analyst reports. KeyCorp increased their price objective on shares of Dine Brands Global from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, December 15th. Barclays reduced their target price on Dine Brands Global from $64.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. Wedbush upped their price target on Dine Brands Global from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Benchmark raised their price objective on Dine Brands Global from $63.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, Truist Financial boosted their target price on Dine Brands Global from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, February 29th.

Institutional Trading of Dine Brands Global

Large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Dine Brands Global by 2.7% during the second quarter. BlackRock Inc. now owns 2,485,504 shares of the restaurant operator’s stock worth $144,234,000 after purchasing an additional 64,675 shares in the last quarter. Vanguard Group Inc. boosted its position in Dine Brands Global by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 2,113,696 shares of the restaurant operator’s stock valued at $164,763,000 after buying an additional 54,446 shares during the last quarter. Alliancebernstein L.P. boosted its position in Dine Brands Global by 0.8% in the 4th quarter. Alliancebernstein L.P. now owns 1,730,661 shares of the restaurant operator’s stock valued at $111,801,000 after buying an additional 14,212 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Dine Brands Global by 6.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,223,107 shares of the restaurant operator’s stock valued at $60,483,000 after acquiring an additional 77,917 shares in the last quarter. Finally, State Street Corp increased its position in shares of Dine Brands Global by 3.7% during the first quarter. State Street Corp now owns 570,271 shares of the restaurant operator’s stock worth $44,711,000 after acquiring an additional 20,343 shares during the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Stock Performance

Shares of DIN opened at $46.48 on Monday. Dine Brands Global has a 1 year low of $42.00 and a 1 year high of $70.32. The company’s 50 day simple moving average is $46.54 and its 200 day simple moving average is $47.44. The company has a market capitalization of $708.96 million, a price-to-earnings ratio of 7.46 and a beta of 1.68.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, February 28th. The restaurant operator reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.28. The company had revenue of $206.30 million for the quarter, compared to analyst estimates of $206.24 million. Dine Brands Global had a negative return on equity of 37.72% and a net margin of 11.69%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.34 EPS. Equities analysts expect that Dine Brands Global will post 6.47 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Wednesday, March 20th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Tuesday, March 19th. Dine Brands Global’s dividend payout ratio (DPR) is presently 32.74%.

Dine Brands Global Company Profile

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.