Analysts Set Dine Brands Global, Inc. (NYSE:DIN) PT at $44.71

Shares of Dine Brands Global, Inc. (NYSE:DIN) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $44.71.

A number of analysts have recently commented on the company. Benchmark restated a “hold” rating on shares of Dine Brands Global in a report on Tuesday, October 29th. Barclays raised their price objective on Dine Brands Global from $38.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Piper Sandler cut their price objective on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. CL King lowered shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Finally, StockNews.com downgraded shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th.

Institutional Investors Weigh In On Dine Brands Global

Hedge funds and other institutional investors have recently bought and sold shares of the business. LSV Asset Management increased its holdings in Dine Brands Global by 2.8% in the second quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock valued at $23,932,000 after buying an additional 18,200 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Dine Brands Global by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 349,949 shares of the restaurant operator’s stock valued at $10,932,000 after acquiring an additional 3,584 shares during the last quarter. Olstein Capital Management L.P. increased its holdings in shares of Dine Brands Global by 25.1% in the 3rd quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock valued at $9,438,000 after acquiring an additional 60,605 shares during the last quarter. Marshall Wace LLP increased its stake in Dine Brands Global by 3.2% during the second quarter. Marshall Wace LLP now owns 278,087 shares of the restaurant operator’s stock valued at $10,067,000 after purchasing an additional 8,518 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in Dine Brands Global by 229.1% during the third quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator’s stock valued at $7,799,000 after purchasing an additional 173,831 shares during the last quarter. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Dine Brands Global Price Performance

Shares of NYSE:DIN opened at $34.59 on Friday. The business’s 50 day simple moving average is $32.61 and its 200-day simple moving average is $33.64. The firm has a market capitalization of $527.50 million, a price-to-earnings ratio of 5.76 and a beta of 1.73. Dine Brands Global has a 12 month low of $28.25 and a 12 month high of $52.05.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.10. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $198.40 million. During the same quarter in the prior year, the firm earned $1.46 earnings per share. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, equities analysts anticipate that Dine Brands Global will post 5.84 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, December 20th. This represents a $2.04 annualized dividend and a yield of 5.90%. Dine Brands Global’s dividend payout ratio is presently 33.94%.

Dine Brands Global Company Profile

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.