Brokerages Set Dine Brands Global, Inc. (NYSE:DIN) Target Price at $30.40

Dine Brands Global, Inc. (NYSE:DIN) has received an average recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation. The average 12-month price target among analysts that have covered the stock in the last year is $30.40.

Several research analysts recently issued reports on the company. Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Mizuho cut their price objective on shares of Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Barclays cut their target price on shares of Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. KeyCorp restated a “sector weight” rating on shares of Dine Brands Global in a research report on Thursday, April 2nd. Finally, Benchmark restated a “hold” rating on shares of Dine Brands Global in a research report on Monday, March 2nd.

Insider Buying and Selling

In other Dine Brands Global news, Director Michael Hyter sold 1,800 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $28.88, for a total value of $51,984.00. Following the completion of the sale, the director owned 9,315 shares in the company, valued at $269,017.20. This represents a 16.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas M. Pasquale purchased 1,000 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were acquired at an average price of $27.75 per share, for a total transaction of $27,750.00. Following the purchase, the director owned 32,469 shares in the company, valued at $901,014.75. The trade was a 3.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 4,500 shares of company stock valued at $128,250. Insiders own 6.73% of the company’s stock.

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 stock. Segall Bryant & Hamill LLC bought a new position in Dine Brands Global in the first quarter valued at approximately $666,000. Bank of America Corp DE raised its position in Dine Brands Global by 0.7% during the first quarter. Bank of America Corp DE now owns 143,207 shares of the restaurant operator’s stock worth $3,758,000 after acquiring an additional 1,024 shares in the last quarter. Seven Six Capital Management LLC raised its position in Dine Brands Global by 24.1% during the first quarter. Seven Six Capital Management LLC now owns 212,400 shares of the restaurant operator’s stock worth $5,573,000 after acquiring an additional 41,225 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Dine Brands Global by 73.1% in the first quarter. Quantinno Capital Management LP now owns 35,717 shares of the restaurant operator’s stock valued at $937,000 after purchasing an additional 15,081 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Dine Brands Global by 19.7% in the first quarter. Dimensional Fund Advisors LP now owns 241,204 shares of the restaurant operator’s stock valued at $6,329,000 after acquiring an additional 39,646 shares in the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Price Performance

DIN stock opened at $29.46 on Wednesday. The business has a 50 day simple moving average of $28.42 and a 200-day simple moving average of $31.11. The firm has a market capitalization of $373.90 million, a PE ratio of 29.17 and a beta of 0.97. Dine Brands Global has a 1 year low of $19.58 and a 1 year high of $39.68.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.12). The firm had revenue of $225.20 million for the quarter, compared to analyst estimates of $222.08 million. Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the company earned $1.03 earnings per share. On average, equities research analysts expect that Dine Brands Global will post 4.64 EPS for the current year.

Dine Brands Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Wednesday, June 24th will be given a $0.19 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $0.76 dividend on an annualized basis and a yield of 2.6%. Dine Brands Global’s dividend payout ratio is presently 75.25%.

Dine Brands Global Company Profile

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.