Brokerages Set Dine Brands Global, Inc. (NYSE:DIN) Target Price at $41.43

Shares of Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) have been given a consensus rating of "Hold" by the eight analysts that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $41.43.

Several research firms have recently issued reports on DIN. KeyCorp lowered their price objective on 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. UBS Group reissued a "neutral" rating and issued a $32.00 price objective (down previously from $44.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. CL King lowered Dine Brands Global from a "buy" rating to a "neutral" rating in a research report on Monday, November 4th. Barclays reiterated an "equal weight" rating and issued a $32.00 price target (down previously from $43.00) on shares of Dine Brands Global in a research report on Tuesday, January 7th. Finally, Piper Sandler lowered their price objective on Dine Brands Global from $40.00 to $38.00 and set a "neutral" rating for the company in a research report on Monday, November 18th.

Dine Brands Global Stock Performance

Shares of DIN traded up $0.01 during mid-day trading on Friday, reaching $26.70. The company had a trading volume of 750,090 shares, compared to its average volume of 495,237. The company's 50 day simple moving average is $31.36 and its 200 day simple moving average is $31.78. The company has a market capitalization of $407.07 million, a price-to-earnings ratio of 4.44 and a beta of 1.75. Dine Brands Global has a 1-year low of $25.68 and a 1-year high of $51.35.

Dine Brands Global (NYSE:DIN - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.10. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $198.40 million. During the same quarter last year, the business posted $1.46 EPS. Dine Brands Global's revenue for the quarter was down 3.8% on a year-over-year basis. As a group, equities analysts forecast that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 20th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 7.64%. The ex-dividend date of this dividend was Friday, December 20th. Dine Brands Global's payout ratio is 33.94%.

Institutional Investors Weigh In On Dine Brands Global

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in Dine Brands Global by 1.0% during the third quarter. Geode Capital Management LLC now owns 349,949 shares of the restaurant operator's stock worth $10,932,000 after purchasing an additional 3,584 shares during the period. Olstein Capital Management L.P. boosted its holdings in 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 worth $9,438,000 after buying an additional 60,605 shares during the period. Marshall Wace LLP grew its stake in Dine Brands Global by 3.2% in the 2nd quarter. Marshall Wace LLP now owns 278,087 shares of the restaurant operator's stock valued at $10,067,000 after buying an additional 8,518 shares in the last quarter. Jane Street Group LLC raised its holdings in Dine Brands Global by 229.1% during the 3rd quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator's stock valued at $7,799,000 after acquiring an additional 173,831 shares during the period. Finally, Weiss Asset Management LP bought a new stake in Dine Brands Global during the 3rd quarter valued at $6,102,000. 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.