Dine Brands Global (NYSE:DIN) Reaches New 1-Year Low at $41.29

Dine Brands Global, Inc. (NYSE:DIN)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $41.29 and last traded at $41.29, with a volume of 16417 shares trading hands. The stock had previously closed at $43.58.

Analysts Set New Price Targets

Several research analysts have issued reports on DIN shares. Truist Financial boosted their target price on Dine Brands Global from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. KeyCorp lowered their target price on Dine Brands Global from $57.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Wedbush upped their target price on Dine Brands Global from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. Benchmark upped their target price on Dine Brands Global from $63.00 to $68.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Finally, StockNews.com raised Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.43.

Dine Brands Global Stock Performance

The stock has a market capitalization of $676.38 million, a PE ratio of 6.99 and a beta of 1.68. The stock’s 50 day moving average is $45.64 and its two-hundred day moving average is $46.19.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, February 28th. The restaurant operator reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.28. The firm had revenue of $206.30 million for the quarter, compared to analyst estimates of $206.24 million. Dine Brands Global had a net margin of 11.69% and a negative return on equity of 37.72%. Dine Brands Global’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the company posted $1.34 EPS. Equities research analysts expect that Dine Brands Global, Inc. will post 6.46 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Wednesday, March 20th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.66%. Dine Brands Global’s dividend payout ratio is currently 32.74%.

Institutional Trading of Dine Brands Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP increased its holdings in Dine Brands Global by 207.2% in the 4th quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 489 shares during the last quarter. Headlands Technologies LLC increased its holdings in Dine Brands Global by 438.7% in the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 623 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in Dine Brands Global in the 4th quarter valued at approximately $187,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Dine Brands Global by 127.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,254 shares of the restaurant operator’s stock valued at $211,000 after buying an additional 2,381 shares during the period. Finally, D.A. Davidson & CO. acquired a new position in shares of Dine Brands Global in the third quarter worth $223,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

About Dine Brands Global

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.