Dine Brands Global (NYSE:DIN) Rating Lowered to Sell at Zacks Investment Research

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Zacks Investment Research lowered shares of Dine Brands Global (NYSE:DIN) from a hold rating to a sell rating in a research note issued to investors on Monday morning, Zacks.com reports.

According to Zacks, “Dine Brands Global, Inc. is a full-service dining company. It operates and franchises restaurants under both the Applebee’s Neighborhood Grill & Bar and IHOP brands. The company’s Applebee’s restaurants offer casual food, drinks, casual dining, and table services and IHOP restaurants provide full table services, and food and beverage offerings. Dine Brands Global, Inc. formerly known as Dine Equity Inc., is headquartered in Glendale, California. “

A number of other research analysts also recently issued reports on the stock. ValuEngine upgraded shares of Dine Brands Global from a sell rating to a hold rating in a research report on Friday. Deutsche Bank reiterated a buy rating and set a $90.00 price target on shares of Dine Brands Global in a research report on Thursday, November 21st. MKM Partners initiated coverage on shares of Dine Brands Global in a research report on Thursday, September 26th. They set a buy rating and a $90.00 price target for the company. Barclays dropped their price target on shares of Dine Brands Global from $115.00 to $105.00 and set an overweight rating for the company in a research note on Friday, October 18th. Finally, Maxim Group restated a buy rating on shares of Dine Brands Global in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of $102.29.

DIN stock opened at $82.78 on Monday. Dine Brands Global has a twelve month low of $65.63 and a twelve month high of $104.00. The company has a market cap of $1.39 billion, a P/E ratio of 12.08 and a beta of 0.40. The business has a fifty day moving average of $76.81 and a 200-day moving average of $82.73.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.06. The business had revenue of $186.90 million for the quarter, compared to analysts’ expectations of $224.13 million. Dine Brands Global had a negative return on equity of 57.98% and a net margin of 11.46%. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.53 earnings per share. On average, analysts predict that Dine Brands Global will post 6.85 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be paid a dividend of $0.69 per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.33%. Dine Brands Global’s dividend payout ratio (DPR) is presently 51.40%.

In related news, Director Larry Alan Kay sold 339 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $77.86, for a total value of $26,394.54. Following the completion of the sale, the director now owns 6,600 shares in the company, valued at $513,876. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.71% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Dine Brands Global by 0.9% in the second quarter. BlackRock Inc. now owns 2,510,087 shares of the restaurant operator’s stock valued at $239,636,000 after purchasing an additional 22,496 shares in the last quarter. Vanguard Group Inc. raised its holdings in Dine Brands Global by 0.3% in the second quarter. Vanguard Group Inc. now owns 2,215,437 shares of the restaurant operator’s stock worth $211,507,000 after purchasing an additional 6,931 shares during the period. Wells Fargo & Company MN boosted its position in shares of Dine Brands Global by 6.3% during the second quarter. Wells Fargo & Company MN now owns 1,215,291 shares of the restaurant operator’s stock worth $116,023,000 after purchasing an additional 72,391 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Dine Brands Global by 76.4% during the second quarter. Renaissance Technologies LLC now owns 698,500 shares of the restaurant operator’s stock worth $66,686,000 after purchasing an additional 302,500 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC bought a new position in shares of Dine Brands Global during the second quarter worth $50,374,000.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.

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