Barclays Cuts Dine Brands Global (NYSE:DIN) Price Target to $30.00

Dine Brands Global (NYSE:DIN) had its price objective trimmed by Barclays from $40.00 to $30.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an equal weight rating on the restaurant operator’s stock.

DIN has been the topic of a number of other reports. Zacks Research downgraded Dine Brands Global from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Dine Brands Global in a research report on Monday, December 29th. Mizuho boosted their price target on Dine Brands Global from $28.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. Finally, UBS Group increased their price objective on Dine Brands Global from $21.00 to $35.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Dine Brands Global currently has an average rating of “Hold” and a consensus price target of $29.57.

Dine Brands Global Price Performance

Shares of Dine Brands Global stock opened at $30.85 on Thursday. Dine Brands Global has a 52-week low of $18.63 and a 52-week high of $39.68. The firm has a market capitalization of $402.53 million, a PE ratio of 31.80 and a beta of 0.97. The company’s fifty day moving average price is $34.32 and its two-hundred day moving average price is $29.30.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, February 25th. The restaurant operator reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.36. The company had revenue of $217.57 million during the quarter, compared to the consensus estimate of $226.27 million. Dine Brands Global had a net margin of 1.88% and a negative return on equity of 27.12%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned $0.87 EPS. Analysts predict that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Wednesday, March 18th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, March 18th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.5%. Dine Brands Global’s dividend payout ratio (DPR) is 78.35%.

Institutional Investors Weigh In On Dine Brands Global

A number of hedge funds have recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Dine Brands Global in the 4th quarter valued at about $9,099,000. Millennium Management LLC boosted its position in Dine Brands Global by 51.2% in the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after buying an additional 172,013 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of Dine Brands Global during the third quarter worth $4,175,000. 4D Advisors LLC acquired a new position in shares of Dine Brands Global during the fourth quarter valued at $4,339,000. Finally, Cibc World Markets Corp acquired a new position in shares of Dine Brands Global during the fourth quarter valued at $3,567,000. Institutional investors own 92.83% of the company’s stock.

About Dine Brands Global

Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.