Recent Investment Analysts’ Ratings Changes for Dine Brands Global (DIN)

Dine Brands Global (NYSE: DIN) recently received a number of ratings updates from brokerages and research firms:

  • 5/14/2019 – Dine Brands Global had its “buy” rating reaffirmed by analysts at Wedbush. They now have a $135.00 price target on the stock.
  • 5/2/2019 – Dine Brands Global was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 5/2/2019 – Dine Brands Global had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $135.00 price target on the stock.
  • 5/1/2019 – Dine Brands Global had its “buy” rating reaffirmed by analysts at Maxim Group. They wrote, “Dine Brands Global (DIN) reported 4Q18 (December) pro forma EPS of $1.90, well-above our $1.79 estimate and the $1.82 Street mean.””
  • 4/16/2019 – Dine Brands Global was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. 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. “
  • 4/2/2019 – Dine Brands Global was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $106.00 price target on the stock. 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. “

DIN traded up $0.27 on Thursday, reaching $88.84. The company had a trading volume of 2,715 shares, compared to its average volume of 385,626. Dine Brands Global Inc has a fifty-two week low of $61.89 and a fifty-two week high of $101.18. The firm has a market cap of $1.54 billion, a P/E ratio of 16.54 and a beta of 0.48.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $1.90 EPS for the quarter, beating the Zacks’ consensus estimate of $1.86 by $0.04. Dine Brands Global had a net margin of 11.30% and a negative return on equity of 53.27%. The business had revenue of $237.18 million for the quarter, compared to analyst estimates of $248.96 million. During the same quarter in the prior year, the business earned $1.11 EPS. Dine Brands Global’s quarterly revenue was up 26.0% on a year-over-year basis. Analysts anticipate that Dine Brands Global Inc will post 7.16 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 20th will be paid a $0.69 dividend. The ex-dividend date is Wednesday, June 19th. This represents a $2.76 dividend on an annualized basis and a yield of 3.11%. Dine Brands Global’s dividend payout ratio (DPR) is currently 51.40%.

In related news, SVP Bryan R. Adel sold 6,990 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $99.50, for a total value of $695,505.00. Following the transaction, the senior vice president now owns 23,397 shares in the company, valued at approximately $2,328,001.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Larry Alan Kay sold 700 shares of the company’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $99.00, for a total transaction of $69,300.00. Following the completion of the transaction, the director now owns 6,684 shares in the company, valued at approximately $661,716. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,896 shares of company stock worth $2,145,906. 2.71% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. boosted its holdings in Dine Brands Global by 2,426.7% in the 4th quarter. Meeder Asset Management Inc. now owns 379 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 364 shares during the period. Enlightenment Research LLC bought a new stake in shares of Dine Brands Global during the 4th quarter worth approximately $27,000. Lindbrook Capital LLC bought a new stake in shares of Dine Brands Global during the 4th quarter worth approximately $51,000. NumerixS Investment Technologies Inc bought a new stake in shares of Dine Brands Global during the 1st quarter worth approximately $54,000. Finally, Captrust Financial Advisors lifted its holdings in shares of Dine Brands Global by 159.8% during the 4th quarter. Captrust Financial Advisors now owns 847 shares of the restaurant operator’s stock worth $58,000 after acquiring an additional 521 shares during the period.

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.

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