Dine Brands Global (NYSE:DIN) Price Target Lowered to $26.00 at Wedbush

Dine Brands Global (NYSE:DIN - Free Report) had its price target cut by Wedbush from $28.00 to $26.00 in a report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the restaurant operator's stock. Wedbush also issued estimates for Dine Brands Global's Q4 2024 earnings at $1.38 EPS, FY2024 earnings at $5.86 EPS, Q1 2025 earnings at $1.15 EPS, Q1 2025 earnings at $1.27 EPS, Q2 2025 earnings at $1.63 EPS, Q2 2025 earnings at $1.45 EPS, Q3 2025 earnings at $1.36 EPS, Q3 2025 earnings at $1.50 EPS, Q4 2025 earnings at $1.43 EPS and FY2025 earnings at $5.83 EPS.

A number of other equities analysts have also commented on the stock. Barclays restated an "equal weight" rating and issued a $32.00 price objective (down from $43.00) on shares of Dine Brands Global in a research report on Tuesday, January 7th. KeyCorp dropped their price target on Dine Brands Global from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Piper Sandler cut their price target on shares of 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. Finally, UBS Group reissued a "neutral" rating and issued a $32.00 price target (down previously from $44.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $29.50.

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Dine Brands Global Stock Performance

DIN stock traded up $0.63 during midday trading on Thursday, reaching $26.13. 1,079,425 shares of the company's stock traded hands, compared to its average volume of 509,212. The firm has a market capitalization of $398.33 million, a PE ratio of 4.35 and a beta of 1.85. The company has a 50-day moving average price of $27.80 and a two-hundred day moving average price of $30.39. Dine Brands Global has a 52 week low of $22.36 and a 52 week high of $50.59.

Dine Brands Global (NYSE:DIN - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.48). Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The company had revenue of $204.80 million for the quarter, compared to the consensus estimate of $200.75 million. During the same quarter in the previous year, the firm posted $1.40 earnings per share. The business's revenue for the quarter was down .7% compared to the same quarter last year. As a group, analysts predict that Dine Brands Global will post 5.84 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be issued a $0.51 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 7.81%. Dine Brands Global's payout ratio is 48.46%.

Hedge Funds Weigh In On Dine Brands Global

Several institutional investors and hedge funds have recently made changes to their positions in DIN. Arrowstreet Capital Limited Partnership lifted its stake in Dine Brands Global by 14.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 601,470 shares of the restaurant operator's stock worth $18,104,000 after purchasing an additional 74,387 shares during the last quarter. Cibc World Market Inc. lifted its stake in shares of 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 valued at $14,905,000 after acquiring an additional 428,319 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Dine Brands Global by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 353,558 shares of the restaurant operator's stock valued at $10,644,000 after acquiring an additional 3,609 shares during the period. Olstein Capital Management L.P. boosted its holdings in Dine Brands Global by 4.6% during the 4th quarter. Olstein Capital Management L.P. now owns 316,158 shares of the restaurant operator's stock valued at $9,516,000 after acquiring an additional 13,953 shares during the period. Finally, Schonfeld Strategic Advisors LLC grew its position in Dine Brands Global by 691.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 290,403 shares of the restaurant operator's stock worth $8,741,000 after acquiring an additional 253,688 shares during the last quarter. Institutional investors own 92.83% of the company's stock.

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.