Analysts Set Dine Brands Global, Inc. (NYSE:DIN) Target Price at $48.86

Dine Brands Global, Inc. (NYSE:DIN) has been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $48.86.

Several equities analysts have recently issued reports on DIN shares. Benchmark downgraded Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. KeyCorp reduced their price target on Dine Brands Global from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Barclays lowered their price target on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Wedbush reduced their price objective on shares of Dine Brands Global from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, UBS Group lowered their target price on shares of Dine Brands Global from $56.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th.

Hedge Funds Weigh In On Dine Brands Global

Several hedge funds have recently made changes to their positions in DIN. LSV Asset Management boosted its holdings in Dine Brands Global by 2.8% during the second quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock worth $23,932,000 after buying an additional 18,200 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Dine Brands Global by 3.2% during the 2nd quarter. Marshall Wace LLP now owns 278,087 shares of the restaurant operator’s stock valued at $10,067,000 after acquiring an additional 8,518 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Dine Brands Global by 9.9% during 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 in the last quarter. Olstein Capital Management L.P. grew its holdings in shares of Dine Brands Global by 6.9% in the 2nd quarter. Olstein Capital Management L.P. now owns 241,600 shares of the restaurant operator’s stock worth $8,746,000 after acquiring an additional 15,600 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Dine Brands Global by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 233,464 shares of the restaurant operator’s stock worth $8,451,000 after purchasing an additional 4,427 shares during the period. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Stock Performance

Shares of DIN opened at $29.61 on Monday. The firm has a fifty day moving average of $32.19 and a 200-day moving average of $38.42. The company has a market cap of $456.14 million, a price-to-earnings ratio of 5.27 and a beta of 1.72. Dine Brands Global has a 1 year low of $28.25 and a 1 year high of $54.52.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $206.30 million during the quarter, compared to analyst estimates of $210.46 million. During the same period in the previous year, the business posted $1.82 EPS. Dine Brands Global’s revenue was down 1.0% on a year-over-year basis. Analysts predict that Dine Brands Global will post 5.86 EPS for the current year.

Dine Brands Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date is Friday, September 20th. Dine Brands Global’s payout ratio is 36.30%.

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.