Dine Brands Global, Inc. (NYSE:DIN) Receives $26.43 Consensus Price Target from Brokerages

Dine Brands Global, Inc. (NYSE:DIN) has received an average recommendation of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $26.4286.

A number of research analysts recently commented on DIN shares. Barclays lowered their price objective on shares of Dine Brands Global from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dine Brands Global in a report on Monday. KeyCorp increased their price objective on 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 price objective on Dine Brands Global in a research note on Wednesday, October 22nd. Finally, Mizuho raised Dine Brands Global to a “hold” rating in a research report on Tuesday, October 28th.

Dine Brands Global Trading Up 0.5%

Shares of DIN traded up $0.17 during midday trading on Wednesday, reaching $34.03. 33,714 shares of the company were exchanged, compared to its average volume of 561,204. The company has a market cap of $490.77 million, a price-to-earnings ratio of 15.20 and a beta of 0.91. The stock has a 50-day moving average price of $28.42 and a 200-day moving average price of $25.71. Dine Brands Global has a 1-year low of $18.63 and a 1-year high of $35.34.

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

Dine Brands Global Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.2%. The ex-dividend date is Tuesday, December 23rd. Dine Brands Global’s payout ratio is presently 91.07%.

Insider Transactions at Dine Brands Global

In other news, Director Richard J. Dahl acquired 3,600 shares of the stock in a transaction on Friday, November 21st. The shares were purchased at an average cost of $27.47 per share, for a total transaction of $98,892.00. Following the transaction, the director owned 3,600 shares in the company, valued at approximately $98,892. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Howard M. Berk bought 4,082 shares of the business’s stock in a transaction on Friday, November 7th. The shares were purchased at an average cost of $24.50 per share, for a total transaction of $100,009.00. Following the completion of the purchase, the director owned 41,947 shares in the company, valued at approximately $1,027,701.50. This trade represents a 10.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 8,332 shares of company stock valued at $220,455 over the last ninety days. Insiders own 4.56% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. GDS Wealth Management acquired a new position in shares of Dine Brands Global in the first quarter worth $609,000. Charles Schwab Investment Management Inc. raised its stake in shares of Dine Brands Global by 21.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 189,154 shares of the restaurant operator’s stock worth $4,402,000 after purchasing an additional 33,731 shares in the last quarter. Nuveen LLC bought a new stake in shares of Dine Brands Global in the 1st quarter valued at approximately $1,080,000. Trexquant Investment LP increased its holdings in Dine Brands Global by 40.4% in the first quarter. Trexquant Investment LP now owns 129,616 shares of the restaurant operator’s stock worth $3,016,000 after buying an additional 37,272 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new stake in Dine Brands Global in the second quarter valued at approximately $259,000. Hedge funds and other 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.