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

Dine Brands Global, Inc. (NYSE:DIN) has received a consensus rating of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation. The average 1-year target price among brokers that have issued a report on the stock in the last year is $30.40.

A number of research firms have issued reports on DIN. Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a report on Thursday, April 2nd. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a report on Monday, March 2nd. UBS Group lowered their target price on Dine Brands Global from $35.00 to $33.00 and set a “neutral” rating for the company in a report on Thursday, February 26th. Mizuho reduced their price objective on shares of Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Finally, Barclays reduced their price objective on shares of Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th.

Insider Transactions at Dine Brands Global

In other Dine Brands Global news, Director Douglas M. Pasquale acquired 2,000 shares of Dine Brands Global stock in a transaction dated Thursday, March 12th. The stock was bought at an average cost of $28.25 per share, for a total transaction of $56,500.00. Following the purchase, the director directly owned 31,469 shares in the company, valued at approximately $888,999.25. This represents a 6.79% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael Hyter sold 1,800 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $28.88, for a total transaction of $51,984.00. Following the transaction, the director owned 9,315 shares of the company’s stock, valued at approximately $269,017.20. This represents a 16.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have bought 4,000 shares of company stock valued at $113,250. Company insiders own 6.73% of the company’s stock.

Hedge Funds Weigh In On Dine Brands Global

Large investors have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Dine Brands Global in the 4th quarter valued at about $9,099,000. Millennium Management LLC lifted its stake 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 valued at $11,817,000 after purchasing an additional 172,013 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in Dine Brands Global in the 3rd quarter valued at about $4,175,000. 4D Advisors LLC acquired a new stake in Dine Brands Global in the 4th quarter valued at about $4,339,000. Finally, Cibc World Markets Corp acquired a new stake in Dine Brands Global in the 4th quarter valued at about $3,567,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Dine Brands Global Trading Up 0.1%

DIN stock opened at $29.46 on Wednesday. The stock has a 50-day moving average price of $28.42 and a two-hundred day moving average price of $31.15. The stock has a market cap of $373.90 million, a PE ratio of 29.17 and a beta of 0.97. Dine Brands Global has a 1 year low of $19.58 and a 1 year high of $39.68.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.12). The firm had revenue of $225.20 million for the quarter, compared to the consensus estimate of $222.08 million. Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.Dine Brands Global’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $1.03 EPS. On average, analysts forecast that Dine Brands Global will post 4.64 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Wednesday, June 24th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, June 24th. Dine Brands Global’s dividend payout ratio is currently 75.25%.

Dine Brands Global Company Profile

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.