Dine Brands Global, Inc. (NYSE:DIN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Dine Brands Global, Inc. (NYSE:DIN) have been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $48.86.

DIN has been the topic of a number of analyst reports. Barclays decreased their price objective on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. UBS Group decreased their price objective on Dine Brands Global from $56.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. KeyCorp reduced their target price on Dine Brands Global from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. StockNews.com raised shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Monday, September 2nd. Finally, Wedbush dropped their price objective on shares of Dine Brands Global from $37.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th.

Dine Brands Global Stock Performance

Shares of DIN opened at $29.61 on Monday. The company has a market capitalization of $456.14 million, a price-to-earnings ratio of 5.27 and a beta of 1.72. The firm has a 50-day simple moving average of $32.19 and a 200-day simple moving average of $38.25. Dine Brands Global has a fifty-two week low of $28.25 and a fifty-two week high of $54.52.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.07. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The firm had revenue of $206.30 million for the quarter, compared to analyst estimates of $210.46 million. During the same quarter in the prior year, the company posted $1.82 earnings per share. Dine Brands Global’s quarterly revenue was down 1.0% on a year-over-year basis. Equities research analysts forecast that Dine Brands Global will post 5.86 EPS for the current year.

Dine Brands Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Friday, September 20th will be issued a $0.51 dividend. The ex-dividend date is Friday, September 20th. This represents a $2.04 annualized dividend and a yield of 6.89%. Dine Brands Global’s dividend payout ratio is currently 36.30%.

Institutional Investors Weigh In On Dine Brands Global

Institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC lifted its position in Dine Brands Global by 173.6% during the 2nd quarter. AQR Capital Management LLC now owns 140,501 shares of the restaurant operator’s stock worth $5,086,000 after acquiring an additional 89,152 shares in the last quarter. Clearline Capital LP raised its stake in shares of Dine Brands Global by 225.0% during the second quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock valued at $4,510,000 after purchasing an additional 86,241 shares during the period. Armistice Capital LLC purchased a new stake in shares of Dine Brands Global during the fourth quarter valued at approximately $3,724,000. WBI Investments LLC acquired a new stake in Dine Brands Global during the 2nd quarter valued at $2,624,000. Finally, Capstone Investment Advisors LLC purchased a new position in Dine Brands Global in the 4th quarter valued at about $1,382,000. Hedge funds and other institutional investors 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.