Dine Brands Global (NYSE:DIN) Given New $27.00 Price Target at Truist Financial

Dine Brands Global (NYSE:DIN - Free Report) had its price target decreased by Truist Financial from $37.00 to $27.00 in a report issued on Thursday,Benzinga reports. Truist Financial currently has a hold rating on the restaurant operator's stock.

A number of other equities analysts have also issued reports on DIN. UBS Group lowered their price target on Dine Brands Global from $32.00 to $25.00 and set a "neutral" rating on the stock in a report on Thursday. KeyCorp lowered their price target on Dine Brands Global from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Barclays lowered their price target on Dine Brands Global from $32.00 to $26.00 and set an "equal weight" rating on the stock in a report on Thursday. Wedbush lowered their price target on Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Piper Sandler lowered their price target on Dine Brands Global from $40.00 to $38.00 and set a "neutral" rating on the stock in a report on Monday, November 18th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $29.50.

Dine Brands Global Stock Performance

Shares of DIN stock traded up $0.63 during mid-day trading on Thursday, hitting $26.13. 1,079,425 shares of the stock were exchanged, compared to its average volume of 509,212. The stock's fifty day simple moving average is $27.80 and its two-hundred day simple moving average is $30.39. The stock has a market capitalization of $398.33 million, a price-to-earnings ratio of 4.35 and a beta of 1.85. Dine Brands Global has a 12-month low of $22.36 and a 12-month high of $50.59.

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Dine Brands Global (NYSE:DIN - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.48). The firm had revenue of $204.80 million for the quarter, compared to analysts' expectations of $200.75 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The business's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.40 EPS. On average, research analysts expect that Dine Brands Global will post 5.84 earnings per share 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. Shareholders of record on Monday, March 17th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 7.81%. The ex-dividend date of this dividend is Monday, March 17th. Dine Brands Global's dividend payout ratio is presently 48.46%.

Institutional Investors Weigh In On Dine Brands Global

A number of institutional investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership boosted its holdings in Dine Brands Global by 14.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 601,470 shares of the restaurant operator's stock valued at $18,104,000 after purchasing an additional 74,387 shares in the last quarter. Cibc World Market Inc. boosted 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 valued at $14,905,000 after purchasing an additional 428,319 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Dine Brands Global by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 353,558 shares of the restaurant operator's stock valued at $10,644,000 after purchasing an additional 3,609 shares in the last quarter. Olstein Capital Management L.P. lifted its position in shares of 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 lifted its position in shares of 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 valued at $8,741,000 after acquiring an additional 253,688 shares during the period. Hedge funds and other 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.