Brokerages Set Dine Brands Global, Inc. (NYSE:DIN) Target Price at $26.43

Shares of Dine Brands Global, Inc. (NYSE:DIN) have been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $31.2857.

A number of equities analysts recently weighed in on DIN shares. KeyCorp lifted their price objective on shares of Dine Brands Global from $26.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Sanford C. Bernstein set a $29.00 target price on shares of Dine Brands Global in a report on Wednesday, October 22nd. Barclays boosted their price target on shares of Dine Brands Global from $26.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Mizuho raised their price objective on shares of Dine Brands Global from $28.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday. Finally, UBS Group boosted their target price on Dine Brands Global from $21.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday.

Insider Buying and Selling at Dine Brands Global

In related news, Director Howard M. Berk purchased 4,082 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was acquired at an average price of $24.50 per share, for a total transaction of $100,009.00. Following the acquisition, the director directly owned 41,947 shares of the company’s stock, valued at $1,027,701.50. This trade represents a 10.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard J. Dahl acquired 3,600 shares of Dine Brands Global stock in a transaction that occurred on Friday, November 21st. The stock was bought at an average price of $27.47 per share, with a total value of $98,892.00. Following the purchase, the director directly owned 3,600 shares of the company’s stock, valued at approximately $98,892. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 8,332 shares of company stock valued at $220,455 in the last quarter. 4.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new stake in shares of Dine Brands Global during the 3rd quarter valued at approximately $27,000. Mountain Hill Investment Partners Corp. increased its stake in Dine Brands Global by 33.3% in the 2nd quarter. Mountain Hill Investment Partners Corp. now owns 2,000 shares of the restaurant operator’s stock valued at $49,000 after purchasing an additional 500 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Dine Brands Global during the third quarter worth $50,000. Tower Research Capital LLC TRC boosted its position in Dine Brands Global by 307.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 1,578 shares in the last quarter. Finally, Quadrant Capital Group LLC acquired a new stake in Dine Brands Global in the third quarter valued at $87,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Dine Brands Global Stock Down 1.9%

Shares of DIN stock opened at $36.19 on Friday. The stock’s 50-day moving average price is $30.96 and its 200 day moving average price is $26.70. The stock has a market capitalization of $521.95 million, a PE ratio of 16.15 and a beta of 0.92. Dine Brands Global has a 52-week low of $18.63 and a 52-week high of $37.25.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, November 5th. The restaurant operator reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.09). The company had revenue of $216.17 million during the quarter, compared to analysts’ expectations of $221.61 million. Dine Brands Global had a net margin of 3.91% and a negative return on equity of 26.01%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 earnings per share. Analysts expect that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 23rd were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, December 23rd. Dine Brands Global’s dividend payout ratio is currently 33.93%.

Dine Brands Global Company Profile

Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.