Dine Brands Global, Inc. (NYSE:DIN) Given Consensus Rating of "Hold" by Brokerages

Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) has been assigned a consensus rating of "Hold" from the eight ratings firms that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $26.29.

Several research firms have issued reports on DIN. KeyCorp dropped their price objective on Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Barclays raised their target price on Dine Brands Global from $21.00 to $24.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. UBS Group lowered their target price on Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Finally, Truist Financial lowered their target price on Dine Brands Global from $27.00 to $23.00 and set a "hold" rating for the company in a research note on Thursday, May 8th.

Dine Brands Global Stock Down 0.8%

Dine Brands Global stock traded down $0.20 during mid-day trading on Friday, hitting $24.93. 293,865 shares of the company were exchanged, compared to its average volume of 590,088. The business has a fifty day moving average of $24.84 and a 200 day moving average of $25.17. Dine Brands Global has a 1-year low of $18.63 and a 1-year high of $37.44. The company has a market capitalization of $389.66 million, a PE ratio of 6.91 and a beta of 1.18.

Dine Brands Global (NYSE:DIN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.15). Dine Brands Global had a negative return on equity of 34.70% and a net margin of 6.69%. The company had revenue of $214.78 million for the quarter, compared to analyst estimates of $216.19 million. During the same quarter in the prior year, the company earned $1.33 earnings per share. The business's revenue was up 4.1% compared to the same quarter last year. Research analysts expect that Dine Brands Global will post 5.84 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Friday, June 20th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 8.18%. The ex-dividend date was Friday, June 20th. Dine Brands Global's dividend payout ratio is 56.51%.

Hedge Funds Weigh In On Dine Brands Global

Several hedge funds have recently added to or reduced their stakes in DIN. Schonfeld Strategic Advisors LLC boosted its holdings in Dine Brands Global by 691.0% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 290,403 shares of the restaurant operator's stock valued at $8,741,000 after acquiring an additional 253,688 shares during the last quarter. Seven Six Capital Management LLC bought a new position in Dine Brands Global in the fourth quarter valued at about $5,475,000. Millennium Management LLC boosted its holdings in Dine Brands Global by 51.2% in the first quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator's stock valued at $11,817,000 after acquiring an additional 172,013 shares during the last quarter. Maverick Capital Ltd. bought a new position in Dine Brands Global in the first quarter valued at about $3,602,000. Finally, Victory Capital Management Inc. boosted its holdings in Dine Brands Global by 1,733.3% in the fourth quarter. Victory Capital Management Inc. now owns 132,073 shares of the restaurant operator's stock valued at $3,975,000 after acquiring an additional 124,869 shares during the last quarter. Institutional investors own 92.83% of the company's stock.

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.