Dine Brands Global, Inc. (NYSE:DIN) Stock Has Average Target Price of $33.25

Dine Brands Global, Inc. (NYSE:DIN) has received a consensus recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $33.25.

Several research analysts have weighed in on DIN shares. Freedom Broker upgraded shares of Dine Brands Global to a “hold” rating in a report on Monday, August 24th. Piper Sandler upped their target price on Dine Brands Global from $28.00 to $37.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Raymond James Financial restated a “market perform” rating on shares of Dine Brands Global in a research note on Wednesday. Benchmark reissued a “hold” rating on shares of Dine Brands Global in a report on Monday, August 10th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Dine Brands Global in a research report on Friday, September 4th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new position in Dine Brands Global in the second quarter valued at $35,000. Legal & General Group Plc purchased a new position in shares of Dine Brands Global in the 2nd quarter valued at about $43,000. Meeder Asset Management Inc. purchased a new stake in shares of Dine Brands Global in the 2nd quarter valued at approximately $73,000. Connective Capital Management LLC purchased a new position in shares of Dine Brands Global during the second quarter worth approximately $168,000. Finally, Empowered Funds LLC purchased a new stake in shares of Dine Brands Global in the second quarter valued at $208,000. 92.83% of the stock is owned by institutional investors.

Dine Brands Global Stock Performance

Shares of Dine Brands Global stock opened at $35.99 on Friday. The company has a market cap of $455.66 million, a P/E ratio of 99.98 and a beta of 0.93. Dine Brands Global has a one year low of $24.05 and a one year high of $39.68. The firm has a fifty day moving average of $31.00 and a two-hundred day moving average of $31.69.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, November 4th. The restaurant operator reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.19). Dine Brands Global had a negative return on equity of 20.34% and a net margin of 0.75%. The firm had revenue of $248.90 million during the quarter, compared to analyst estimates of $239.71 million. During the same quarter last year, the business posted $0.73 earnings per share. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, equities analysts predict that Dine Brands Global will post 4.23 earnings per share for the current year.

Dine Brands Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Wednesday, September 16th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, September 16th. Dine Brands Global’s payout ratio is currently 211.11%.

Dine Brands Global Company Profile

Dine Brands Global, Inc is a franchisor and full-service restaurant company that operates a portfolio of well-known dining concepts. Its primary brands are Applebee’s Neighborhood Grill + Bar, which offers casual American dining, and IHOP, which specializes in pancakes, breakfast foods and other all-day meals. The company also owns Fuzzy’s Taco Shop, a fast-casual Mexican restaurant brand acquired in 2022.

Dine Brands generally operates through a franchise-based business model. Independent franchisees own and operate most restaurants under the company’s brands, while Dine Brands provides brand management, restaurant development support, marketing, training, technology and other services.