Dine Brands Global, Inc. (NYSE:DIN) Given Consensus Rating of “Hold” by Brokerages

Shares of Dine Brands Global, Inc. (NYSE:DIN) have been assigned an average recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $32.8333.

DIN has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Dine Brands Global in a research report on Friday, September 4th. Freedom Broker raised shares of Dine Brands Global to a “hold” rating in a report on Monday, August 24th. Zacks Research upgraded shares of Dine Brands Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Mizuho set a $38.00 price objective on shares of Dine Brands Global in a report on Thursday, August 6th. Finally, Benchmark reissued a “hold” rating on shares of Dine Brands Global in a research report on Monday, August 10th.

Dine Brands Global Stock Performance

Shares of DIN opened at $27.86 on Friday. Dine Brands Global has a one year low of $22.85 and a one year high of $39.68. The stock has a 50-day moving average price of $33.81 and a 200 day moving average price of $31.39. The company has a market capitalization of $352.69 million, a P/E ratio of 59.28 and a beta of 0.94.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Wednesday, August 5th. The restaurant operator reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.04). Dine Brands Global had a negative return on equity of 20.34% and a net margin of 0.75%.The business had revenue of $240.90 million for the quarter, compared to analysts’ expectations of $237.28 million. During the same quarter in the prior year, the firm earned $1.17 earnings per share. Dine Brands Global’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts forecast that Dine Brands Global will post 4.25 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 16th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Wednesday, September 16th. Dine Brands Global’s dividend payout ratio (DPR) is 161.70%.

Institutional Trading of Dine Brands Global

Several hedge funds and other institutional investors have recently bought and sold shares of DIN. AdvisorShares Investments LLC raised its stake in shares of Dine Brands Global by 8.2% during the fourth quarter. AdvisorShares Investments LLC now owns 3,758 shares of the restaurant operator’s stock valued at $121,000 after purchasing an additional 284 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Dine Brands Global in the second quarter worth about $35,000. Bank of America Corp DE grew its position in Dine Brands Global by 0.7% in the 1st quarter. Bank of America Corp DE now owns 143,207 shares of the restaurant operator’s stock valued at $3,758,000 after buying an additional 1,024 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Dine Brands Global by 5.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 22,480 shares of the restaurant operator’s stock valued at $590,000 after buying an additional 1,191 shares during the period. Finally, Legal & General Group Plc acquired a new position in Dine Brands Global during the 2nd quarter valued at about $43,000. 92.83% of the stock is owned by institutional investors.

About Dine Brands Global

Dine Brands Global, Inc is a full-service restaurant company that owns, franchises and operates restaurant brands. Its principal concepts are Applebee’s Neighborhood Grill + Bar, a casual-dining chain known for burgers, steaks, beverages and other American dishes, and IHOP, which specializes in pancakes, breakfast foods and all-day dining.

The company also owns Fuzzy’s Taco Shop, a fast-casual Mexican restaurant concept offering tacos, burritos, quesadillas and related menu items. Dine Brands primarily supports its brands through franchising and licensing, providing franchisees with brand management, restaurant development, marketing, training and operational support.

Through its franchise and licensing relationships, Dine Brands serves customers in the United States and select international markets.