Dine Brands Global, Inc. (NYSE:DIN) Receives $30.17 Consensus Target Price from Analysts

Shares of Dine Brands Global, Inc. (NYSE:DIN) have been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $30.1667.

Several analysts have recently issued reports on DIN shares. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research note on Monday, March 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Dine Brands Global in a report on Monday, December 29th. Mizuho upped their target price on shares of Dine Brands Global from $28.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. Barclays reduced their price objective on shares of Dine Brands Global from $40.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Finally, Zacks Research cut shares of Dine Brands Global from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th.

Insider Transactions at Dine Brands Global

In related news, Director Douglas M. Pasquale purchased 2,000 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were bought at an average cost of $28.25 per share, for a total transaction of $56,500.00. Following the completion of the purchase, the director directly owned 31,469 shares of the company’s stock, valued at approximately $888,999.25. This trade represents a 6.79% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders purchased 6,000 shares of company stock valued at $173,310 over the last three months. Corporate insiders own 4.56% of the company’s stock.

Institutional Trading of Dine Brands Global

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in Dine Brands Global by 10.7% during the 1st quarter. Royal Bank of Canada now owns 71,451 shares of the restaurant operator’s stock worth $1,662,000 after acquiring an additional 6,908 shares in the last quarter. Millennium Management LLC boosted its stake in Dine Brands Global by 51.2% in the first quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after acquiring an additional 172,013 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Dine Brands Global by 1.6% during the second quarter. Geode Capital Management LLC now owns 367,942 shares of the restaurant operator’s stock worth $8,954,000 after purchasing an additional 5,717 shares during the last quarter. Creative Planning grew its holdings in shares of Dine Brands Global by 61.3% during the second quarter. Creative Planning now owns 40,786 shares of the restaurant operator’s stock worth $992,000 after purchasing an additional 15,497 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Dine Brands Global during the second quarter worth about $245,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Dine Brands Global Stock Down 2.4%

Shares of DIN opened at $28.49 on Friday. Dine Brands Global has a fifty-two week low of $18.63 and a fifty-two week high of $39.68. The firm’s 50 day moving average price is $33.04 and its 200 day moving average price is $30.12. The company has a market cap of $371.62 million, a P/E ratio of 29.37 and a beta of 0.96.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, February 25th. The restaurant operator reported $1.46 EPS for the quarter, beating the consensus estimate of $1.10 by $0.36. The company had revenue of $217.57 million during the quarter, compared to analysts’ expectations of $226.27 million. Dine Brands Global had a net margin of 1.88% and a negative return on equity of 27.12%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 EPS. Research analysts forecast that Dine Brands Global will post 5.84 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Wednesday, March 18th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, March 18th. Dine Brands Global’s dividend payout ratio (DPR) is 78.35%.

Dine Brands Global Company Profile

Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.