Analysts Set Dine Brands Global, Inc. (NYSE:DIN) Price Target at $46.57

Dine Brands Global, Inc. (NYSE:DIN) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $46.57.

DIN has been the subject of several analyst reports. KeyCorp cut their price target on shares of Dine Brands Global from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. StockNews.com raised shares of Dine Brands Global from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. UBS Group lowered their price objective on shares of Dine Brands Global from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Truist Financial restated a “hold” rating and set a $37.00 price objective (down previously from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. Finally, Wedbush upgraded shares of Dine Brands Global from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $34.00 to $47.00 in a research report on Tuesday, October 1st.

Dine Brands Global Trading Up 1.3 %

DIN opened at $33.02 on Friday. The company has a 50 day moving average of $31.22 and a 200 day moving average of $36.34. The company has a market cap of $508.67 million, a PE ratio of 5.88 and a beta of 1.71. Dine Brands Global has a 12 month low of $28.25 and a 12 month high of $53.26.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.71 EPS for the quarter, topping the consensus estimate of $1.64 by $0.07. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. The company had revenue of $206.30 million during the quarter, compared to the consensus estimate of $210.46 million. During the same period last year, the firm earned $1.82 EPS. Dine Brands Global’s revenue for the quarter was down 1.0% on a year-over-year basis. Research analysts forecast that Dine Brands Global will post 5.83 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 20th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date was Friday, September 20th. Dine Brands Global’s payout ratio is presently 36.30%.

Institutional Investors Weigh In On Dine Brands Global

A number of large investors have recently added to or reduced their stakes in DIN. AQR Capital Management LLC grew its holdings in Dine Brands Global by 173.6% in the 2nd quarter. AQR Capital Management LLC now owns 140,501 shares of the restaurant operator’s stock worth $5,086,000 after acquiring an additional 89,152 shares during the last quarter. Clearline Capital LP grew its holdings in Dine Brands Global by 225.0% in the 2nd quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock worth $4,510,000 after acquiring an additional 86,241 shares during the last quarter. WBI Investments LLC bought a new stake in Dine Brands Global in the 2nd quarter worth $2,624,000. Cubist Systematic Strategies LLC grew its holdings in Dine Brands Global by 19.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 148,286 shares of the restaurant operator’s stock worth $5,368,000 after acquiring an additional 24,556 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in Dine Brands Global by 9.9% in the 1st quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock worth $12,086,000 after acquiring an additional 23,400 shares during the last quarter. Institutional investors own 92.83% of the company’s stock.

About Dine Brands Global

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.