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

Shares of Dine Brands Global, Inc. (NYSE:DIN) have received an average rating of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $29.5714.

Several brokerages have commented on DIN. Barclays lowered their price target on Dine Brands Global from $40.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday. UBS Group lowered their target price on shares of Dine Brands Global from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday. Mizuho boosted their target price on shares of Dine Brands Global from $28.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dine Brands Global in a research report on Monday, December 29th. Finally, Zacks Research lowered Dine Brands Global from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th.

Dine Brands Global Price Performance

NYSE DIN opened at $30.85 on Monday. Dine Brands Global has a fifty-two week low of $18.63 and a fifty-two week high of $39.68. The stock’s 50-day moving average is $34.32 and its two-hundred day moving average is $29.24. The firm has a market cap of $402.53 million, a P/E ratio of 31.80 and a beta of 0.97.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, February 25th. The restaurant operator reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.36. Dine Brands Global had a negative return on equity of 27.12% and a net margin of 1.88%.The business had revenue of $217.57 million for the quarter, compared to analyst estimates of $226.27 million. During the same quarter in the prior year, the firm posted $0.87 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities analysts expect that Dine Brands Global will post 5.84 EPS for the current year.

Dine Brands Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Wednesday, March 18th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, March 18th. Dine Brands Global’s payout ratio is currently 78.35%.

Institutional Investors Weigh In On Dine Brands Global

Several hedge funds have recently modified their holdings of the business. AdvisorShares Investments LLC raised its stake in Dine Brands Global by 8.2% during the 4th quarter. AdvisorShares Investments LLC now owns 3,758 shares of the restaurant operator’s stock valued at $121,000 after purchasing an additional 284 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Dine Brands Global by 8.8% during the 4th quarter. Quadrant Capital Group LLC now owns 3,821 shares of the restaurant operator’s stock worth $123,000 after purchasing an additional 309 shares during the period. Financial Management Professionals Inc. raised its position in shares of Dine Brands Global by 45.4% during the fourth quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 326 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Dine Brands Global by 1.2% in the fourth quarter. Russell Investments Group Ltd. now owns 28,282 shares of the restaurant operator’s stock valued at $909,000 after buying an additional 326 shares during the period. Finally, Mountain Hill Investment Partners Corp. grew its position in Dine Brands Global by 33.3% during the second quarter. Mountain Hill Investment Partners Corp. now owns 2,000 shares of the restaurant operator’s stock worth $49,000 after buying an additional 500 shares in the last quarter. 92.83% of the stock is owned by institutional investors.

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.