Dine Brands Global’s (DIN) Sector Weight Rating Reiterated at KeyCorp

KeyCorp reissued their sector weight rating on shares of Dine Brands Global (NYSE:DIN) in a research note issued to investors on Thursday morning, MarketBeat.com reports.

A number of other analysts also recently weighed in on the stock. Benchmark reissued a “hold” rating on shares of Dine Brands Global in a report on Monday, March 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dine Brands Global in a research report on Monday, December 29th. UBS Group reduced their target price on shares of Dine Brands Global from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, February 26th. Barclays decreased their target price on Dine Brands Global from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Finally, Zacks Research lowered Dine Brands Global from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Seven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $29.50.

Dine Brands Global Stock Down 0.0%

Shares of DIN stock opened at $25.49 on Thursday. Dine Brands Global has a 12 month low of $18.63 and a 12 month high of $39.68. The firm has a market cap of $330.85 million, a PE ratio of 26.28 and a beta of 0.97. The stock has a 50 day moving average of $30.87 and a 200-day moving average of $30.25.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, February 25th. The restaurant operator reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.36. Dine Brands Global had a net margin of 1.88% and a negative return on equity of 27.12%. The business had revenue of $217.57 million for the quarter, compared to the consensus estimate of $226.27 million. During the same quarter last year, the company posted $0.87 earnings per share. Dine Brands Global’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities analysts predict that Dine Brands Global will post 5.84 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Wednesday, March 18th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, March 18th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.0%. Dine Brands Global’s dividend payout ratio is currently 78.35%.

Insider Activity at Dine Brands Global

In other Dine Brands Global news, Director Douglas M. Pasquale acquired 2,000 shares of Dine Brands Global stock in a transaction dated Thursday, March 12th. The stock was bought at an average cost of $28.25 per share, with a total value of $56,500.00. Following the acquisition, the director owned 31,469 shares of the company’s stock, valued at approximately $888,999.25. The trade was a 6.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have bought 6,000 shares of company stock worth $173,310. 4.56% of the stock is currently owned by company insiders.

Institutional Trading of Dine Brands Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DIN. Royal Bank of Canada lifted its stake in Dine Brands Global by 10.7% during the first quarter. Royal Bank of Canada now owns 71,451 shares of the restaurant operator’s stock worth $1,662,000 after purchasing an additional 6,908 shares during the period. Millennium Management LLC grew its stake in shares of Dine Brands Global by 51.2% in the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after purchasing an additional 172,013 shares during the period. Geode Capital Management LLC grew its stake in shares of Dine Brands Global by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 367,942 shares of the restaurant operator’s stock valued at $8,954,000 after purchasing an additional 5,717 shares during the period. Quantbot Technologies LP raised its holdings in shares of Dine Brands Global by 101.1% in the 2nd quarter. Quantbot Technologies LP now owns 50,133 shares of the restaurant operator’s stock worth $1,220,000 after buying an additional 25,201 shares in the last quarter. Finally, CW Advisors LLC acquired a new position in shares of Dine Brands Global in the 2nd quarter worth approximately $495,000. Institutional investors own 92.83% of the company’s stock.

About Dine Brands Global

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.