Benchmark Lowers Dine Brands Global (NYSE:DIN) to Hold

Benchmark downgraded shares of Dine Brands Global (NYSE:DIN) from a buy rating to a hold rating in a research report released on Thursday, Marketbeat.com reports.

Other research analysts have also issued reports about the stock. Piper Sandler decreased their price target on shares of Dine Brands Global from $49.00 to $48.00 and set a neutral rating for the company in a report on Thursday, May 9th. KeyCorp lowered their target price on Dine Brands Global from $50.00 to $40.00 and set an overweight rating for the company in a report on Tuesday, July 9th. Barclays cut their price target on Dine Brands Global from $57.00 to $54.00 and set an overweight rating on the stock in a report on Thursday, May 9th. StockNews.com downgraded Dine Brands Global from a buy rating to a hold rating in a research note on Wednesday, August 7th. Finally, Wedbush cut their target price on Dine Brands Global from $46.00 to $37.00 and set a neutral rating on the stock in a research note on Tuesday, July 30th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $48.86.

Dine Brands Global Stock Performance

DIN opened at $30.10 on Thursday. Dine Brands Global has a 1-year low of $29.25 and a 1-year high of $58.51. The company has a 50-day moving average of $35.27 and a 200-day moving average of $41.52. The company has a market capitalization of $463.69 million, a P/E ratio of 5.36 and a beta of 1.74.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.07. Dine Brands Global had a negative return on equity of 35.31% and a net margin of 10.59%. The company had revenue of $206.30 million for the quarter, compared to the consensus estimate of $210.46 million. During the same quarter last year, the business posted $1.82 EPS. Dine Brands Global’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, sell-side analysts expect that Dine Brands Global will post 6.16 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Thursday, June 20th were given a dividend of $0.51 per share. The ex-dividend date was Thursday, June 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.78%. Dine Brands Global’s dividend payout ratio (DPR) is 36.30%.

Institutional Investors Weigh In On Dine Brands Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP boosted its stake in Dine Brands Global by 207.2% during 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 in the last quarter. Headlands Technologies LLC boosted its stake in Dine Brands Global by 438.7% during the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 623 shares in the last quarter. Summit Securities Group LLC acquired a new position in Dine Brands Global during the second quarter worth about $35,000. EntryPoint Capital LLC bought a new stake in Dine Brands Global in the first quarter worth about $132,000. Finally, EMC Capital Management acquired a new stake in Dine Brands Global in the 1st quarter valued at about $137,000. 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.