Dine Brands Global, Inc. (NYSE:DIN) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eight analysts that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $41.29.

DIN has been the subject of a number of recent research reports. Piper Sandler cut their price target on Dine Brands Global from $40.00 to $38.00 and set a "neutral" rating for the company in a research note on Monday, November 18th. CL King downgraded Dine Brands Global from a "buy" rating to a "neutral" rating in a research note on Monday, November 4th. UBS Group restated a "neutral" rating and set a $32.00 price target (down from $44.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. StockNews.com downgraded Dine Brands Global from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Finally, Barclays restated an "equal weight" rating and set a $32.00 price target (down from $43.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Verition Fund Management LLC bought a new position in shares of Dine Brands Global during the 3rd quarter valued at approximately $765,000. JPMorgan Chase & Co. lifted its holdings in Dine Brands Global by 164.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,399 shares of the restaurant operator's stock worth $2,979,000 after purchasing an additional 59,360 shares in the last quarter. Cibc World Market Inc. lifted its holdings in Dine Brands Global by 640.6% in the 4th quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator's stock worth $14,905,000 after purchasing an additional 428,319 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Dine Brands Global by 50.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 29,686 shares of the restaurant operator's stock worth $909,000 after purchasing an additional 9,910 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Dine Brands Global by 135.4% in the 3rd quarter. Barclays PLC now owns 35,946 shares of the restaurant operator's stock worth $1,123,000 after purchasing an additional 20,673 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors.

Dine Brands Global Price Performance

NYSE DIN traded down $0.68 during trading hours on Thursday, hitting $26.02. The company's stock had a trading volume of 499,777 shares, compared to its average volume of 537,834. Dine Brands Global has a 12 month low of $25.67 and a 12 month high of $51.35. The company's 50 day simple moving average is $29.35 and its two-hundred day simple moving average is $31.02. The company has a market cap of $396.85 million, a P/E ratio of 4.33 and a beta of 1.75.

Dine Brands Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 20th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, December 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 7.84%. Dine Brands Global's dividend payout ratio (DPR) 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.