Dine Brands Global (NYSE:DIN) Given New $21.00 Price Target at Barclays

Dine Brands Global (NYSE:DIN - Free Report) had its price target cut by Barclays from $26.00 to $21.00 in a research note published on Tuesday morning, Marketbeat reports. They currently have an equal weight rating on the restaurant operator's stock.

DIN has been the subject of a number of other research reports. Truist Financial decreased their price target on Dine Brands Global from $37.00 to $27.00 and set a "hold" rating for the company in a research report on Thursday, March 6th. KeyCorp dropped their target price on shares of Dine Brands Global from $36.00 to $35.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. UBS Group reduced their price target on shares of Dine Brands Global from $32.00 to $25.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Wedbush lowered their price objective on shares of Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Finally, Sanford C. Bernstein set a $26.00 target price on Dine Brands Global in a report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Dine Brands Global currently has an average rating of "Hold" and an average price target of $28.29.

Dine Brands Global Stock Up 0.1 %

Dine Brands Global stock traded up $0.02 during midday trading on Tuesday, hitting $20.24. The company's stock had a trading volume of 642,260 shares, compared to its average volume of 578,257. Dine Brands Global has a 12 month low of $18.63 and a 12 month high of $45.69. The company has a market capitalization of $316.47 million, a PE ratio of 3.37 and a beta of 1.44. The stock's 50-day moving average price is $23.23 and its 200-day moving average price is $28.19.

Dine Brands Global (NYSE:DIN - Get Free Report) last released its earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.48). The business had revenue of $204.80 million for the quarter, compared to analyst estimates of $200.75 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The firm's revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the company earned $1.40 earnings per share. As a group, equities analysts anticipate that Dine Brands Global will post 5.84 EPS for the current year.

Dine Brands Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were given a dividend of $0.51 per share. The ex-dividend date was Monday, March 17th. This represents a $2.04 dividend on an annualized basis and a yield of 10.08%. Dine Brands Global's payout ratio is 48.46%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Olstein Capital Management L.P. grew its stake in shares of Dine Brands Global by 12.6% in the 1st quarter. Olstein Capital Management L.P. now owns 356,000 shares of the restaurant operator's stock valued at $8,284,000 after buying an additional 39,842 shares in the last quarter. GAMMA Investing LLC grew its position in Dine Brands Global by 5,126.3% in the first quarter. GAMMA Investing LLC now owns 6,167 shares of the restaurant operator's stock worth $144,000 after acquiring an additional 6,049 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Dine Brands Global in the fourth quarter worth approximately $1,374,000. PharVision Advisers LLC acquired a new position in shares of Dine Brands Global during the 4th quarter worth $345,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Dine Brands Global by 8.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,285 shares of the restaurant operator's stock valued at $1,423,000 after purchasing an additional 3,704 shares in the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

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.