Dine Brands Global (NYSE:DIN) PT Lowered to $37.00 at KeyCorp

Dine Brands Global (NYSE:DIN) had its target price lowered by KeyCorp from $40.00 to $37.00 in a research report released on Thursday morning, Benzinga reports. The brokerage currently has an overweight rating on the restaurant operator’s stock.

Several other brokerages have also weighed in on DIN. UBS Group dropped their target price on Dine Brands Global from $56.00 to $51.00 and set a buy rating on the stock in a research report on Thursday. Wedbush dropped their target price on Dine Brands Global from $37.00 to $34.00 and set a neutral rating on the stock in a research report on Thursday. Barclays dropped their target price on Dine Brands Global from $57.00 to $54.00 and set an overweight rating on the stock in a research report on Thursday, May 9th. Benchmark lowered Dine Brands Global from a buy rating to a hold rating in a research report on Thursday. Finally, Piper Sandler dropped their target price on Dine Brands Global from $49.00 to $48.00 and set a neutral rating on the stock in a research report on Thursday, May 9th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $48.86.

Dine Brands Global Price Performance

Dine Brands Global stock traded up $0.44 during mid-day trading on Thursday, hitting $30.19. The company’s stock had a trading volume of 669,082 shares, compared to its average volume of 353,400. The firm’s 50 day moving average is $35.45 and its 200 day moving average is $41.66. The company has a market cap of $465.08 million, a PE ratio of 5.32 and a beta of 1.74. Dine Brands Global has a 52-week low of $29.25 and a 52-week high of $58.51.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.07. The firm had revenue of $206.30 million during the quarter, compared to the consensus estimate of $210.46 million. Dine Brands Global had a negative return on equity of 35.31% and a net margin of 10.59%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.82 EPS. As a group, analysts forecast that Dine Brands Global will post 6.16 EPS for the current year.

Dine Brands Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Thursday, June 20th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 6.76%. The ex-dividend date of this dividend was Thursday, June 20th. Dine Brands Global’s dividend payout ratio (DPR) is currently 36.30%.

Institutional Trading of Dine Brands Global

Hedge funds have recently modified their holdings of the company. Capstone Investment Advisors LLC bought a new stake in shares of Dine Brands Global in the 4th quarter worth approximately $1,382,000. First Eagle Investment Management LLC lifted its position in shares of Dine Brands Global by 9.9% in the 1st quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock worth $12,086,000 after acquiring an additional 23,400 shares during the period. Harvest Investment Advisors LLC lifted its position in shares of Dine Brands Global by 4.5% in the 4th quarter. Harvest Investment Advisors LLC now owns 26,979 shares of the restaurant operator’s stock worth $1,340,000 after acquiring an additional 1,169 shares during the period. Quantbot Technologies LP raised its holdings in shares of Dine Brands Global by 58.7% in the 1st quarter. Quantbot Technologies LP now owns 12,320 shares of the restaurant operator’s stock worth $573,000 after buying an additional 4,557 shares in the last quarter. Finally, Headlands Technologies LLC lifted its position in shares of Dine Brands Global by 438.7% during the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after buying an additional 623 shares during the period. Institutional investors own 92.83% of the company’s stock.

Dine Brands Global Company Profile

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.