Dine Brands Global (NYSE:DIN) Lowered to Hold at StockNews.com

StockNews.com lowered shares of Dine Brands Global (NYSE:DIN) from a buy rating to a hold rating in a research report report published on Monday morning.

Several other analysts also recently weighed in on the company. KeyCorp decreased their price objective on Dine Brands Global from $57.00 to $52.00 and set an overweight rating for the company in a report on Tuesday, April 9th. Benchmark boosted their target price on shares of Dine Brands Global from $63.00 to $68.00 and gave the stock a buy rating in a report on Monday, March 4th. Truist Financial boosted their price target on Dine Brands Global from $70.00 to $74.00 and gave the stock a buy rating in a research note on Thursday, February 29th. Wedbush increased their price objective on Dine Brands Global from $46.00 to $48.00 and gave the company a neutral rating in a research note on Thursday, February 29th. Finally, Barclays lowered their price target on Dine Brands Global from $64.00 to $57.00 and set an overweight rating for the company in a report on Thursday, February 29th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Dine Brands Global presently has a consensus rating of Moderate Buy and an average price target of $59.43.

Dine Brands Global Trading Up 0.3 %

NYSE:DIN opened at $45.31 on Monday. The stock has a fifty day simple moving average of $45.80 and a 200-day simple moving average of $46.51. The company has a market cap of $699.96 million, a price-to-earnings ratio of 7.27 and a beta of 1.67. Dine Brands Global has a twelve month low of $42.00 and a twelve month high of $69.71.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, February 28th. The restaurant operator reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.28. The firm had revenue of $206.30 million during the quarter, compared to the consensus estimate of $206.24 million. Dine Brands Global had a negative return on equity of 37.72% and a net margin of 11.69%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 earnings per share. As a group, equities research analysts predict that Dine Brands Global will post 6.47 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Wednesday, March 20th were paid a dividend of $0.51 per share. The ex-dividend date was Tuesday, March 19th. This represents a $2.04 annualized dividend and a yield of 4.50%. Dine Brands Global’s dividend payout ratio is presently 32.74%.

Institutional Trading of Dine Brands Global

Several hedge funds have recently made changes to their positions in the stock. Quarry LP grew its holdings in shares of Dine Brands Global by 207.2% in the 4th quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 489 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in Dine Brands Global during the fourth quarter valued at $187,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Dine Brands Global by 127.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,254 shares of the restaurant operator’s stock valued at $211,000 after purchasing an additional 2,381 shares during the last quarter. D.A. Davidson & CO. bought a new position in Dine Brands Global during the third quarter valued at about $223,000. Finally, Harbor Advisors LLC bought a new position in Dine Brands Global during the fourth quarter valued at about $223,000. Institutional investors own 92.83% of the company’s stock.

About Dine Brands Global

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.