Dine Brands Global Inc (NYSE:DIN) has been assigned an average rating of “Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $104.00.
Several equities analysts have recently weighed in on the stock. Maxim Group increased their price objective on shares of Dine Brands Global from $101.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, September 28th. Raymond James cut shares of Dine Brands Global from a “strong-buy” rating to an “outperform” rating and increased their price objective for the stock from $92.50 to $108.00 in a research note on Monday, September 10th. Finally, Zacks Investment Research upgraded shares of Dine Brands Global from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research note on Wednesday, August 22nd.
In other Dine Brands Global news, SVP Bryan R. Adel sold 10,488 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $89.50, for a total transaction of $938,676.00. Following the sale, the senior vice president now owns 26,895 shares in the company, valued at approximately $2,407,102.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Larry Alan Kay sold 415 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $71.81, for a total transaction of $29,801.15. The disclosure for this sale can be found here. 2.75% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIN. Victory Capital Management Inc. bought a new stake in Dine Brands Global during the 2nd quarter worth approximately $46,074,000. Millennium Management LLC grew its holdings in Dine Brands Global by 156.2% during the 1st quarter. Millennium Management LLC now owns 275,019 shares of the restaurant operator’s stock valued at $18,036,000 after buying an additional 167,678 shares in the last quarter. BlackRock Inc. grew its holdings in Dine Brands Global by 5.9% during the 2nd quarter. BlackRock Inc. now owns 2,384,966 shares of the restaurant operator’s stock valued at $178,396,000 after buying an additional 133,181 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Dine Brands Global during the 1st quarter valued at approximately $3,437,000. Finally, WINTON GROUP Ltd grew its holdings in Dine Brands Global by 32.1% during the 2nd quarter. WINTON GROUP Ltd now owns 208,376 shares of the restaurant operator’s stock valued at $15,587,000 after buying an additional 50,664 shares in the last quarter. Institutional investors own 97.14% of the company’s stock.
Shares of NYSE:DIN traded up $1.47 during trading on Wednesday, hitting $77.84. The company’s stock had a trading volume of 12,978 shares, compared to its average volume of 385,138. Dine Brands Global has a 12 month low of $42.05 and a 12 month high of $95.00. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of -6.10. The stock has a market capitalization of $1.44 billion, a PE ratio of 18.76 and a beta of 0.06.
Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, August 1st. The restaurant operator reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.05. Dine Brands Global had a negative net margin of 50.50% and a negative return on equity of 35.19%. The firm had revenue of $184.47 million for the quarter, compared to analysts’ expectations of $186.92 million. During the same quarter in the prior year, the business earned $1.34 EPS. The business’s quarterly revenue was down 2.2% on a year-over-year basis. Analysts expect that Dine Brands Global will post 5.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 5th. Shareholders of record on Thursday, September 20th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was Wednesday, September 19th. Dine Brands Global’s payout ratio is 60.72%.
Dine Brands Global Company Profile
Dine Brands Global, Inc owns and franchises casual and family dining restaurants. It operates through four segments: Franchise Operations, Rental operations, Company Restaurant Operations, and Financing Operations. The Franchise Operations segment comprises of royalties, fees, and other income for Applebee’s and IHOP franchised and area licensed restaurants.
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