Dine Brands Global's (DIN) "Neutral" Rating Reiterated at UBS Group

UBS Group reaffirmed their neutral rating on shares of Dine Brands Global (NYSE:DIN - Free Report) in a report issued on Tuesday, Marketbeat.com reports. UBS Group currently has a $32.00 price target on the restaurant operator's stock, down from their prior price target of $44.00.

A number of other equities analysts have also weighed in on DIN. Wedbush restated an "outperform" rating and issued a $47.00 price objective on shares of Dine Brands Global in a report on Friday, November 15th. Piper Sandler dropped their price objective on Dine Brands Global from $40.00 to $38.00 and set a "neutral" rating on the stock in a research report on Monday, November 18th. Barclays reissued an "equal weight" rating and issued a $32.00 target price (down previously from $43.00) on shares of Dine Brands Global in a research report on Tuesday. Truist Financial reaffirmed a "hold" rating and set a $37.00 price target (down previously from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. Finally, KeyCorp lowered their price objective on shares of Dine Brands Global from $37.00 to $36.00 and set an "overweight" rating on the stock in a research report on Friday, October 18th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Dine Brands Global has an average rating of "Hold" and an average price target of $41.43.

Dine Brands Global Stock Down 6.2 %

Shares of NYSE DIN traded down $1.85 on Tuesday, reaching $28.19. 1,117,600 shares of the company's stock traded hands, compared to its average volume of 724,150. The business's 50 day simple moving average is $32.29 and its two-hundred day simple moving average is $32.35. Dine Brands Global has a 12 month low of $27.97 and a 12 month high of $51.35. The company has a market cap of $429.78 million, a price-to-earnings ratio of 4.69 and a beta of 1.75.

Dine Brands Global (NYSE:DIN - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $198.40 million. During the same quarter last year, the company earned $1.46 EPS. The firm's revenue for the quarter was down 3.8% on a year-over-year basis. Analysts forecast that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 7.24%. The ex-dividend date of this dividend is Friday, December 20th. Dine Brands Global's dividend payout ratio (DPR) is 33.94%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Quarry LP grew its position in Dine Brands Global by 32.8% during the 2nd quarter. Quarry LP now owns 2,296 shares of the restaurant operator's stock worth $83,000 after purchasing an additional 567 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Dine Brands Global by 30.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator's stock valued at $117,000 after acquiring an additional 746 shares in the last quarter. Quadrature Capital Ltd boosted its position in Dine Brands Global by 6.4% in the 3rd quarter. Quadrature Capital Ltd now owns 13,042 shares of the restaurant operator's stock worth $408,000 after purchasing an additional 786 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Dine Brands Global during the 3rd quarter valued at approximately $29,000. Finally, Public Sector Pension Investment Board lifted its stake in shares of Dine Brands Global by 5.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 33,879 shares of the restaurant operator's stock valued at $1,226,000 after purchasing an additional 1,601 shares during the period. 92.83% of the stock is owned by hedge funds and other institutional investors.

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.