Dine Brands Global, Inc. (DIN) – What Are Brokerages Thinking About This Stock?

Shares of Dine Brands Global, Inc. (NYSE:DIN) have earned an average recommendation of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating. The average 12-month price objective among brokerages that have covered the stock in the last year is $33.25.

A number of equities analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of Dine Brands Global from $28.00 to $37.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dine Brands Global in a research note on Friday, September 4th. Freedom Broker upgraded shares of Dine Brands Global to a “hold” rating in a research note on Monday, August 24th. Zacks Research raised shares of Dine Brands Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 15th. Finally, Mizuho cut their price objective on Dine Brands Global from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, October 30th.

Hedge Funds Weigh In On Dine Brands Global

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Dine Brands Global during the second quarter valued at $47,832,000. Cibc World Market Inc. bought a new position in Dine Brands Global during the second quarter valued at $25,212,000. Dimensional Fund Advisors LP lifted its position in Dine Brands Global by 19.7% during the first quarter. Dimensional Fund Advisors LP now owns 241,204 shares of the restaurant operator’s stock valued at $6,329,000 after purchasing an additional 39,646 shares during the last quarter. Seven Six Capital Management LLC grew its stake in shares of Dine Brands Global by 24.1% in the 1st quarter. Seven Six Capital Management LLC now owns 212,400 shares of the restaurant operator’s stock worth $5,573,000 after buying an additional 41,225 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Dine Brands Global in the 2nd quarter worth $5,380,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Dine Brands Global News Summary

Here are the key news stories impacting Dine Brands Global this week:

• Positive Sentiment: Revenue rose 15.2% year over year to $248.9 million, beating analyst expectations of $239.7 million. This growth is a positive sign for sales momentum at the Applebee’s and IHOP owner. Third-quarter results
• Neutral Sentiment: Dine Brands rejected a $39-per-share takeover proposal and adopted a stockholder rights agreement. The offer signals potential acquisition interest, but its rejection and the rights agreement may make a transaction harder to pursue; a sale is not assured. Takeover proposal Stockholder rights agreement
• Negative Sentiment: Adjusted earnings of $0.82 per share fell short of the roughly $1.01 analyst consensus, despite rising from $0.73 a year earlier. Net income also declined to $4.6 million from $7.3 million, adding pressure to the otherwise solid revenue report. Q3 earnings miss Sales rise, profit slips

Dine Brands Global Trading Up 3.5%

NYSE DIN opened at $36.53 on Friday. The stock’s 50 day moving average is $30.93 and its 200 day moving average is $31.70. Dine Brands Global has a 12 month low of $23.23 and a 12 month high of $39.68. The stock has a market cap of $462.47 million, a PE ratio of 77.73 and a beta of 0.93.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, November 4th. The restaurant operator reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.19). The company had revenue of $248.90 million for the quarter, compared to analysts’ expectations of $239.71 million. Dine Brands Global had a net margin of 0.75% and a negative return on equity of 20.34%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the business earned $0.73 earnings per share. On average, analysts forecast that Dine Brands Global will post 4.27 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Wednesday, September 16th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $0.76 dividend on an annualized basis and a yield of 2.1%. Dine Brands Global’s dividend payout ratio is presently 161.70%.

Dine Brands Global Company Profile

Dine Brands Global, Inc is a franchisor and full-service restaurant company that operates a portfolio of well-known dining concepts. Its primary brands are Applebee’s Neighborhood Grill + Bar, which offers casual American dining, and IHOP, which specializes in pancakes, breakfast foods and other all-day meals. The company also owns Fuzzy’s Taco Shop, a fast-casual Mexican restaurant brand acquired in 2022.

Dine Brands generally operates through a franchise-based business model. Independent franchisees own and operate most restaurants under the company’s brands, while Dine Brands provides brand management, restaurant development support, marketing, training, technology and other services.