Dine Brands Global (NYSE:DIN) Stock Price Up 3.6% – Here’s What Happened

Dine Brands Global, Inc. (NYSE:DIN)’s share price rose 3.6% during mid-day trading on Friday . The stock traded as high as $37.20 and last traded at $36.88. Approximately 55,830 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 434,794 shares. The stock had previously closed at $35.59.

Analyst Ratings Changes

A number of brokerages recently commented on DIN. StockNews.com cut Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Barclays increased their price objective on shares of Dine Brands Global from $38.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. KeyCorp reduced their target price on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. Benchmark reissued a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. Finally, CL King cut Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Dine Brands Global presently has an average rating of “Hold” and a consensus target price of $46.14.

Dine Brands Global Stock Performance

The stock has a market capitalization of $543.36 million, a P/E ratio of 5.92 and a beta of 1.71. The company’s fifty day simple moving average is $31.30 and its two-hundred day simple moving average is $34.66.

Dine Brands Global (NYSE:DIN) last released 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. The business had revenue of $195.00 million during the quarter, compared to the consensus estimate of $198.40 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 EPS. On average, research analysts predict that Dine Brands Global, Inc. will post 5.83 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.73%. Dine Brands Global’s payout ratio is 33.94%.

Hedge Funds Weigh In On Dine Brands Global

A number of hedge funds have recently added to or reduced their stakes in DIN. Paloma Partners Management Co acquired a new stake in shares of Dine Brands Global during the 3rd quarter worth $548,000. Point72 Asia Singapore Pte. Ltd. grew its stake in Dine Brands Global by 3,461.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 19,230 shares of the restaurant operator’s stock worth $601,000 after buying an additional 18,690 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Dine Brands Global during the third quarter worth about $765,000. Capstone Investment Advisors LLC acquired a new position in shares of Dine Brands Global in the 3rd quarter valued at approximately $219,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Dine Brands Global by 10.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 43,581 shares of the restaurant operator’s stock worth $1,361,000 after acquiring an additional 3,987 shares during the period. 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.