Dine Brands Global, Inc. (NYSE:DIN) Given Consensus Rating of “Hold” by Brokerages

Shares of Dine Brands Global, Inc. (NYSE:DIN) have received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $31.2857.

Several research firms recently commented on DIN. KeyCorp raised their target price on Dine Brands Global from $26.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Sanford C. Bernstein set a $29.00 target price on shares of Dine Brands Global in a research note on Wednesday, October 22nd. Mizuho lifted their price objective on shares of Dine Brands Global from $28.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, January 9th. UBS Group increased their target price on shares of Dine Brands Global from $21.00 to $35.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 6th. Finally, Barclays lifted their price target on Dine Brands Global from $26.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 7th.

Dine Brands Global Stock Down 0.4%

Shares of NYSE:DIN traded down $0.13 during midday trading on Thursday, reaching $35.08. The company’s stock had a trading volume of 66,308 shares, compared to its average volume of 415,465. The stock has a fifty day moving average of $34.38 and a 200 day moving average of $28.08. Dine Brands Global has a twelve month low of $18.63 and a twelve month high of $39.68. The firm has a market capitalization of $505.90 million, a PE ratio of 15.72 and a beta of 0.97.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, November 5th. The restaurant operator reported $0.73 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.09). The business had revenue of $216.17 million during the quarter, compared to analysts’ expectations of $221.61 million. Dine Brands Global had a net margin of 3.91% and a negative return on equity of 26.01%. Dine Brands Global’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.44 earnings per share. Sell-side analysts anticipate that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Insider Activity at Dine Brands Global

In other Dine Brands Global news, Director Richard J. Dahl bought 3,600 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were purchased at an average price of $27.47 per share, for a total transaction of $98,892.00. Following the transaction, the director directly owned 3,600 shares of the company’s stock, valued at approximately $98,892. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Howard M. Berk purchased 4,082 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average cost of $24.50 per share, for a total transaction of $100,009.00. Following the purchase, the director directly owned 41,947 shares in the company, valued at $1,027,701.50. This trade represents a 10.78% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have bought 8,332 shares of company stock valued at $220,455. Corporate insiders own 4.56% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Millennium Management LLC boosted its holdings in Dine Brands Global by 51.2% in the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock worth $11,817,000 after buying an additional 172,013 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of Dine Brands Global during the third quarter valued at approximately $4,175,000. Vanguard Group Inc. lifted its position in shares of Dine Brands Global by 10.8% in the third quarter. Vanguard Group Inc. now owns 1,041,335 shares of the restaurant operator’s stock valued at $25,742,000 after acquiring an additional 101,304 shares in the last quarter. Monimus Capital Management LP acquired a new stake in shares of Dine Brands Global in the second quarter worth approximately $2,282,000. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Dine Brands Global during the second quarter worth approximately $2,005,000. Institutional investors and hedge funds 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.