Zacks Investment Research upgraded shares of Dine Brands Global (NYSE:DIN) from a sell rating to a hold rating in a research note issued to investors on Friday.
According to Zacks, “Dine Brands Global, Inc. is a full-service dining company. It operates and franchises restaurants under both the Applebee’s Neighborhood Grill & Bar and IHOP brands. The company’s Applebee’s restaurants offer casual food, drinks, casual dining, and table services and IHOP restaurants provide full table services, and food and beverage offerings. Dine Brands Global, Inc. formerly known as Dine Equity Inc., is headquartered in Glendale, California. “
Several other research firms also recently weighed in on DIN. ValuEngine upgraded Dine Brands Global from a hold rating to a buy rating in a research report on Saturday, November 10th. Raymond James cut Dine Brands Global from a strong-buy rating to an outperform rating and raised their price target for the company from $92.50 to $108.00 in a report on Monday, September 10th. TheStreet raised Dine Brands Global from a d+ rating to a c+ rating in a report on Friday, November 2nd. Finally, Maxim Group raised their price target on Dine Brands Global from $101.00 to $115.00 and gave the company a buy rating in a report on Friday, September 28th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $104.00.
NYSE DIN traded down $0.50 on Friday, hitting $88.50. 307,255 shares of the company traded hands, compared to its average volume of 214,599. The company has a market capitalization of $1.58 billion, a PE ratio of 21.33 and a beta of -0.04. Dine Brands Global has a 52-week low of $48.00 and a 52-week high of $95.09.
Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, October 31st. The restaurant operator reported $1.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.01. The company had revenue of $194.10 million for the quarter, compared to the consensus estimate of $185.98 million. Dine Brands Global had a negative return on equity of 40.87% and a net margin of 19.41%. Dine Brands Global’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. Sell-side analysts anticipate that Dine Brands Global will post 5.25 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Shareholders of record on Thursday, December 20th will be issued a dividend of $0.63 per share. The ex-dividend date is Wednesday, December 19th. This represents a $2.52 dividend on an annualized basis and a yield of 2.85%. Dine Brands Global’s dividend payout ratio is presently 60.72%.
In other Dine Brands Global news, Director Larry Alan Kay sold 400 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $90.32, for a total transaction of $36,128.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.75% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC increased its holdings in shares of Dine Brands Global by 10.2% in the second quarter. MetLife Investment Advisors LLC now owns 7,762 shares of the restaurant operator’s stock worth $581,000 after purchasing an additional 716 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of Dine Brands Global by 2.0% in the second quarter. New York State Teachers Retirement System now owns 38,422 shares of the restaurant operator’s stock worth $2,874,000 after purchasing an additional 767 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Dine Brands Global by 8.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 10,743 shares of the restaurant operator’s stock worth $809,000 after purchasing an additional 832 shares during the last quarter. Morgan Stanley increased its holdings in shares of Dine Brands Global by 2.0% in the third quarter. Morgan Stanley now owns 48,336 shares of the restaurant operator’s stock worth $3,930,000 after purchasing an additional 956 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings in shares of Dine Brands Global by 3.5% in the third quarter. Teachers Advisors LLC now owns 34,274 shares of the restaurant operator’s stock worth $2,787,000 after purchasing an additional 1,161 shares during the last quarter.
About Dine Brands Global
Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.
Further Reading: What does the Dow Jones Industrial Average (DJIA) measure?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Dine Brands Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dine Brands Global and related companies with MarketBeat.com's FREE daily email newsletter.