Dine Brands Global (NYSE:DIN) Trading Up 17.1% – Here’s Why

Dine Brands Global, Inc. (NYSE:DIN) was up 17.1% during trading on Wednesday . The stock traded as high as $36.61 and last traded at $36.48. Approximately 687,904 shares were traded during mid-day trading, an increase of 59% from the average daily volume of 432,748 shares. The stock had previously closed at $31.16.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. Wedbush upgraded Dine Brands Global from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $34.00 to $47.00 in a report on Tuesday, October 1st. CL King cut Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday. StockNews.com lowered Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Barclays reduced their target price on shares of Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $46.43.

Dine Brands Global Stock Performance

The firm has a market capitalization of $550.49 million, a P/E ratio of 6.04 and a beta of 1.71. The firm has a 50-day moving average of $31.00 and a 200-day moving average of $35.04.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.07. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. The business had revenue of $206.30 million for the quarter, compared to analysts’ expectations of $210.46 million. During the same quarter in the prior year, the business earned $1.82 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, research analysts forecast that Dine Brands Global, Inc. will post 5.77 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 20th were given a dividend of $0.51 per share. The ex-dividend date was Friday, September 20th. This represents a $2.04 dividend on an annualized basis and a yield of 5.67%. Dine Brands Global’s dividend payout ratio (DPR) is 34.23%.

Institutional Investors Weigh In On Dine Brands Global

Large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. purchased a new position in shares of Dine Brands Global in the 3rd quarter worth $225,000. Aigen Investment Management LP boosted its position in Dine Brands Global by 65.0% in the third quarter. Aigen Investment Management LP now owns 20,687 shares of the restaurant operator’s stock worth $646,000 after purchasing an additional 8,149 shares during the last quarter. Olstein Capital Management L.P. grew its stake in shares of Dine Brands Global by 25.1% during the 3rd quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock valued at $9,438,000 after purchasing an additional 60,605 shares during the period. Olympiad Research LP purchased a new stake in shares of Dine Brands Global during the 3rd quarter valued at about $407,000. Finally, Ballentine Partners LLC bought a new position in shares of Dine Brands Global in the 3rd quarter worth approximately $421,000. 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.