Dine Brands Global, Inc. (NYSE:DIN) Receives $44.71 Average PT from Analysts

Shares of Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $44.71.

A number of brokerages recently weighed in on DIN. Piper Sandler decreased their price target on shares of Dine Brands Global from $40.00 to $38.00 and set a "neutral" rating on the stock in a research note on Monday, November 18th. Barclays raised their price target on shares of Dine Brands Global from $38.00 to $43.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Wedbush reaffirmed an "outperform" rating and issued a $47.00 price target on shares of Dine Brands Global in a research note on Friday, November 15th. UBS Group decreased their price target on shares of Dine Brands Global from $51.00 to $44.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Finally, Benchmark reaffirmed a "hold" rating on shares of Dine Brands Global in a research note on Tuesday, October 29th.

Institutional Trading of Dine Brands Global

A number of hedge funds and other institutional investors have recently made changes to their positions in DIN. Point72 DIFC Ltd acquired a new stake in shares of Dine Brands Global during the 3rd quarter worth approximately $29,000. Summit Securities Group LLC acquired a new stake in Dine Brands Global in the 2nd quarter valued at approximately $35,000. Quarry LP increased its holdings in Dine Brands Global by 32.8% in the 2nd quarter. Quarry LP now owns 2,296 shares of the restaurant operator's stock valued at $83,000 after purchasing an additional 567 shares during the last quarter. Signaturefd LLC increased its holdings in Dine Brands Global by 383.4% in the 3rd quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator's stock valued at $93,000 after purchasing an additional 2,358 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Dine Brands Global in the 2nd quarter valued at approximately $111,000. Institutional investors and hedge funds own 92.83% of the company's stock.

Dine Brands Global Stock Up 2.4 %

Shares of DIN stock traded up $0.85 during mid-day trading on Friday, hitting $35.92. 269,772 shares of the stock were exchanged, compared to its average volume of 436,602. The firm has a fifty day moving average of $32.33 and a 200 day moving average of $33.92. Dine Brands Global has a 52-week low of $28.25 and a 52-week high of $52.05. The company has a market cap of $547.64 million, a PE ratio of 5.98 and a beta of 1.71.

Dine Brands Global (NYSE:DIN - Get Free Report) last posted its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, topping 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 business had revenue of $195.00 million for the quarter, compared to analyst estimates of $198.40 million. During the same period in the prior year, the company posted $1.46 EPS. The company's revenue for the quarter was down 3.8% on a year-over-year basis. Equities analysts predict that Dine Brands Global will post 5.84 EPS for the current year.

Dine Brands Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.68%. Dine Brands Global's dividend payout ratio is currently 33.94%.

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.