Dine Brands Global (NYSE:DIN) Price Target Raised to $36.00 at Mizuho

Dine Brands Global (NYSE:DIN) had its price objective lifted by Mizuho from $30.00 to $36.00 in a research report sent to investors on Friday morning,Benzinga reports. Mizuho currently has a neutral rating on the restaurant operator’s stock.

A number of other equities research analysts have also weighed in on DIN. Barclays decreased their target price on Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dine Brands Global in a report on Tuesday, June 9th. Finally, KeyCorp reissued a “sector weight” rating on shares of Dine Brands Global in a research report on Thursday, April 2nd. Seven analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $31.60.

Dine Brands Global Stock Performance

Dine Brands Global stock opened at $35.90 on Friday. The company has a market capitalization of $455.35 million, a PE ratio of 35.54 and a beta of 0.95. The company has a 50 day moving average price of $33.80 and a 200-day moving average price of $31.76. Dine Brands Global has a fifty-two week low of $19.58 and a fifty-two week high of $39.68.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.12). Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.The firm had revenue of $225.20 million during the quarter, compared to the consensus estimate of $222.08 million. During the same period last year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, analysts forecast that Dine Brands Global will post 4.2 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Wednesday, June 24th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, June 24th. Dine Brands Global’s payout ratio is presently 75.25%.

Insider Buying and Selling at Dine Brands Global

In related news, Director Michael Hyter sold 1,800 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $28.88, for a total transaction of $51,984.00. Following the completion of the sale, the director directly owned 9,315 shares in the company, valued at $269,017.20. This represents a 16.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 6.73% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dine Brands Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in DIN. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Dine Brands Global in the fourth quarter valued at about $9,099,000. Millennium Management LLC lifted its position in shares of Dine Brands Global by 51.2% during the first quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after buying an additional 172,013 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of Dine Brands Global in the 3rd quarter valued at about $4,175,000. 4D Advisors LLC bought a new stake in shares of Dine Brands Global in the 4th quarter valued at about $4,339,000. Finally, Cibc World Markets Corp purchased a new position in shares of Dine Brands Global in the 4th quarter worth approximately $3,567,000. Hedge funds and other institutional investors 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.