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

Key Points

• Analysts maintain a neutral outlook on Dine Brands Global, with all nine covering firms rating the stock “Hold” and an average 12-month price target of $33.25.
• Institutional investors own 92.83% of the company’s shares. The stock recently opened at $35.46, compared with a 52-week range of $23.23 to $39.68.
• Dine Brands reported quarterly revenue of $240.9 million, up 4.4% year over year, but earnings of $1.16 per share fell short of the $1.20 consensus estimate. The company pays a quarterly dividend of $0.19, representing a 2.1% yield, though its payout ratio is elevated at 161.7%.

Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) has been assigned an average recommendation of "Hold" from the nine ratings firms that are covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $33.25.

DIN has been the topic of a number of research analyst reports. Mizuho reduced their target price on Dine Brands Global from $38.00 to $35.00 and set a "neutral" rating on the stock in a research note on Friday. Zacks Research raised Dine Brands Global from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 15th. Freedom Broker raised Dine Brands Global to a "hold" rating in a research note on Monday, August 24th. Benchmark reiterated a "hold" rating on shares of Dine Brands Global in a report on Monday, August 10th. Finally, Piper Sandler increased their price objective on Dine Brands Global from $28.00 to $37.00 and gave the company a "neutral" rating in a research report on Monday, August 10th.

Institutional Trading of Dine Brands Global

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Dine Brands Global in the 2nd quarter valued at $35,000. Legal & General Group Plc purchased a new position in Dine Brands Global in the 2nd quarter worth $43,000. Meeder Asset Management Inc. purchased a new position in Dine Brands Global in the 2nd quarter worth $73,000. Connective Capital Management LLC purchased a new position in Dine Brands Global in the 2nd quarter worth $168,000. Finally, Empowered Funds LLC bought a new stake in Dine Brands Global in the second quarter worth $208,000. Hedge funds and other institutional investors own 92.83% of the company's stock.

Dine Brands Global Price Performance

Shares of Dine Brands Global stock opened at $35.46 on Friday. Dine Brands Global has a 1 year low of $23.23 and a 1 year high of $39.68. The firm has a market cap of $448.92 million, a PE ratio of 75.45 and a beta of 0.98. The company has a 50 day simple moving average of $30.92 and a two-hundred day simple moving average of $31.73.

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

Dine Brands Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Wednesday, September 16th were given a $0.19 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $0.76 dividend on an annualized basis and a yield of 2.1%. Dine Brands Global's payout ratio is presently 161.70%.

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.

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