Dine Brands Global, Inc. (NYSE:DIN) Given Average Rating of “Hold” by Analysts

Dine Brands Global, Inc. (NYSE:DIN) has been assigned a consensus rating of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating. The average twelve-month target price among analysts that have covered the stock in the last year is $30.40.

DIN has been the topic of several research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dine Brands Global in a report on Tuesday, June 9th. Mizuho decreased their target price on Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Barclays dropped their price target on Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. KeyCorp reiterated a “sector weight” rating on shares of Dine Brands Global in a report on Thursday, April 2nd. Finally, Zacks Research raised Dine Brands Global from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd.

Dine Brands Global Stock Up 1.1%

NYSE:DIN opened at $36.32 on Friday. Dine Brands Global has a twelve month low of $19.58 and a twelve month high of $39.68. The company has a fifty day moving average of $31.08 and a 200-day moving average of $31.53. The firm has a market capitalization of $460.88 million, a P/E ratio of 35.96 and a beta of 0.95.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.12). The company had revenue of $225.20 million for the quarter, compared to the consensus estimate of $222.08 million. Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 earnings per share. On average, analysts anticipate that Dine Brands Global will post 4.64 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Wednesday, June 24th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, June 24th. Dine Brands Global’s dividend payout ratio is presently 75.25%.

Insider Activity

In related news, Director Michael Hyter sold 1,800 shares of Dine Brands Global stock in a transaction on Friday, May 8th. The shares were sold at an average price of $28.88, for a total value of $51,984.00. Following the completion of the sale, the director owned 9,315 shares of the company’s stock, valued at approximately $269,017.20. This trade represents a 16.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.73% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in shares of 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 valued at $1,662,000 after buying an additional 6,908 shares during the last quarter. Millennium Management LLC raised its holdings 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 worth $11,817,000 after acquiring an additional 172,013 shares during the last quarter. Invesco Ltd. lifted its position in Dine Brands Global by 16.3% in the 2nd quarter. Invesco Ltd. now owns 65,821 shares of the restaurant operator’s stock valued at $1,601,000 after acquiring an additional 9,226 shares in the last quarter. Jump Financial LLC acquired a new position in Dine Brands Global during the 2nd quarter valued at about $921,000. Finally, Gamco Investors INC. ET AL acquired a new position in Dine Brands Global during the 2nd quarter valued at about $747,000. Institutional investors and hedge funds 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.