Dine Brands Global (NYSE:DIN) Upgraded by ValuEngine to “Hold”

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ValuEngine upgraded shares of Dine Brands Global (NYSE:DIN) from a sell rating to a hold rating in a research note issued to investors on Friday morning, ValuEngine reports.

Several other research firms also recently weighed in on DIN. Zacks Investment Research downgraded Dine Brands Global from a hold rating to a sell rating in a report on Tuesday, November 26th. Maxim Group restated a buy rating on shares of Dine Brands Global in a report on Thursday, October 31st. Wedbush restated a buy rating on shares of Dine Brands Global in a report on Thursday, October 31st. Deutsche Bank restated a buy rating and issued a $90.00 price objective on shares of Dine Brands Global in a report on Thursday, November 21st. Finally, Barclays decreased their price objective on Dine Brands Global from $115.00 to $105.00 and set an overweight rating for the company in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $102.29.

DIN stock opened at $82.78 on Friday. The business has a 50-day moving average price of $76.81 and a 200 day moving average price of $82.73. The company has a market capitalization of $1.39 billion, a P/E ratio of 15.42 and a beta of 0.40. Dine Brands Global has a 1-year low of $65.63 and a 1-year high of $104.00.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.06. The firm had revenue of $186.90 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.53 earnings per share. On average, analysts predict that Dine Brands Global will post 6.85 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be issued a $0.69 dividend. The ex-dividend date is Thursday, December 19th. This represents a $2.76 dividend on an annualized basis and a yield of 3.33%. Dine Brands Global’s dividend payout ratio is presently 51.40%.

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

A number of institutional investors have recently made changes to their positions in DIN. Silvercrest Asset Management Group LLC bought a new position in Dine Brands Global in the second quarter worth about $50,374,000. Rothschild & Co. Asset Management US Inc. purchased a new stake in shares of Dine Brands Global during the second quarter worth about $39,390,000. Renaissance Technologies LLC grew its stake 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 acquiring an additional 302,500 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Dine Brands Global during the third quarter worth about $6,880,000. Finally, Monarch Partners Asset Management LLC purchased a new stake in shares of Dine Brands Global during the second quarter worth about $7,673,000.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Dine Brands Global (NYSE:DIN)

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