Dine Brands Global (NYSE:DIN) Price Target Cut to $35.00 by Analysts at Mizuho

Dine Brands Global (NYSE:DIN) had its price objective reduced by Mizuho from $38.00 to $35.00 in a research note issued to investors on Friday,Benzinga reports. Mizuho currently has a neutral rating on the restaurant operator’s stock.

Several other research analysts have also issued reports on the company. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research report on Monday, August 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dine Brands Global in a report on Friday, September 4th. Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 15th. Piper Sandler increased their price target on Dine Brands Global from $28.00 to $37.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Finally, Freedom Broker upgraded Dine Brands Global to a “hold” rating in a research report on Monday, August 24th. Nine equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, Dine Brands Global has an average rating of “Hold” and a consensus price target of $33.25.

Dine Brands Global Price Performance

DIN opened at $35.46 on Friday. Dine Brands Global has a fifty-two week low of $23.23 and a fifty-two week high of $39.68. The company’s 50 day moving average price is $30.92 and its two-hundred day moving average price is $31.73. The firm has a market capitalization of $448.92 million, a price-to-earnings ratio of 75.45 and a beta of 0.98.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.04). The business had revenue of $240.90 million for the quarter, compared to the consensus estimate of $237.28 million. Dine Brands Global had a net margin of 0.75% and a negative return on equity of 20.34%. Dine Brands Global’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 EPS. As a group, equities research analysts predict that Dine Brands Global will post 4.27 EPS for the current year.

Dine Brands Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Wednesday, September 16th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, September 16th. This represents a $0.76 annualized dividend and a dividend yield of 2.1%. Dine Brands Global’s dividend payout ratio is 161.70%.

Hedge Funds Weigh In On Dine Brands Global

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Dine Brands Global during the second quarter valued at $47,832,000. Cibc World Market Inc. acquired a new stake in Dine Brands Global during the 2nd quarter worth about $25,212,000. Bank of America Corp DE acquired a new stake in Dine Brands Global during the 2nd quarter worth about $5,380,000. Bank of New York Mellon Corp acquired a new stake in Dine Brands Global during the 2nd quarter worth about $4,774,000. Finally, Corient Private Wealth LP acquired a new stake in Dine Brands Global during the 2nd quarter worth about $2,008,000. Institutional investors own 92.83% of the company’s stock.

About Dine Brands Global

Dine Brands Global, Inc is a franchisor and full-service restaurant company that operates a portfolio of well-known dining concepts. Its primary brands are Applebee’s Neighborhood Grill + Bar, which offers casual American dining, and IHOP, which specializes in pancakes, breakfast foods and other all-day meals. The company also owns Fuzzy’s Taco Shop, a fast-casual Mexican restaurant brand acquired in 2022.

Dine Brands generally operates through a franchise-based business model. Independent franchisees own and operate most restaurants under the company’s brands, while Dine Brands provides brand management, restaurant development support, marketing, training, technology and other services.