Dine Brands Global, Inc. (NYSE:DIN) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Dine Brands Global has a consensus “Hold” rating from nine analysts, with an average 12-month price target of $32.83. Recent targets included $38 from Mizuho and $37 from Piper Sandler.
• Institutional investors own approximately 92.83% of the company, with BlackRock and CIBC World Markets among those establishing new positions.
• The company reported quarterly EPS of $1.16, below the $1.20 analyst consensus, while revenue rose 4.4% year over year to $240.9 million. Dine Brands also declared a $0.19 quarterly dividend, representing a 2.5% yield.

Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) has been given a consensus rating of "Hold" by the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $32.83.

Several analysts have recently commented on the company. Mizuho set a $38.00 price objective on Dine Brands Global in a research note on Thursday, August 6th. Benchmark reaffirmed a "hold" rating on shares of Dine Brands Global in a research report on Monday, August 10th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Dine Brands Global in a report on Friday, September 4th. Zacks Research raised Dine Brands Global from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 15th. Finally, Piper Sandler upped their target price on shares of Dine Brands Global from $28.00 to $37.00 and gave the stock a "neutral" rating in a research note on Monday, August 10th.

Hedge Funds Weigh In On Dine Brands Global

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in Dine Brands Global in the 2nd quarter valued at $47,832,000. Cibc World Market Inc. purchased a new stake in Dine Brands Global during the second quarter worth about $25,212,000. Dimensional Fund Advisors LP increased its holdings in Dine Brands Global by 19.7% during the first quarter. Dimensional Fund Advisors LP now owns 241,204 shares of the restaurant operator's stock worth $6,329,000 after buying an additional 39,646 shares during the last quarter. Seven Six Capital Management LLC raised its position in Dine Brands Global by 24.1% in 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 during the period. Finally, Bank of America Corp DE bought a new stake in Dine Brands Global in the second quarter worth about $5,380,000. Hedge funds and other institutional investors own 92.83% of the company's stock.

Dine Brands Global Trading Up 0.1%

DIN opened at $29.94 on Tuesday. The company's fifty day moving average price is $32.26 and its two-hundred day moving average price is $31.29. Dine Brands Global has a 1-year low of $23.23 and a 1-year high of $39.68. The company has a market cap of $379.02 million, a price-to-earnings ratio of 63.70 and a beta of 0.98.

Dine Brands Global (NYSE:DIN - Get Free Report) last posted its earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.04). The business had revenue of $240.90 million during the quarter, compared to analyst estimates of $237.28 million. Dine Brands Global had a negative return on equity of 20.34% and a net margin of 0.75%.The company's revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 EPS. As a group, equities analysts forecast that Dine Brands Global will post 4.27 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.76 annualized dividend and a dividend yield of 2.5%. Dine Brands Global's dividend payout ratio (DPR) is currently 161.70%.

About Dine Brands Global

Dine Brands Global, Inc NYSE: DIN is a franchisor and restaurant-services company that owns and supports a portfolio of full-service dining brands. Its primary brands are Applebee's Neighborhood Grill + Bar, a casual-dining chain known for burgers, steaks, drinks and other American fare, and IHOP, a family-dining chain specializing in pancakes, breakfast foods and a broad menu of lunch and dinner items.

The company's business model is primarily franchise-based. Dine Brands provides franchisees with brand development, restaurant concepts, marketing, training, technology and operational support, while generating revenue through franchise royalties, fees and other related services.

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