Dine Brands Global, Inc. (NYSE:DIN) Receives $26.29 Consensus Price Target from Brokerages

Shares of Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) have been assigned an average rating of "Hold" from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $26.86.

DIN has been the topic of several recent research reports. KeyCorp increased their target price on shares of Dine Brands Global from $26.00 to $30.00 and gave the company an "overweight" rating in a report on Tuesday. UBS Group dropped their target price on shares of Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Barclays lifted their price target on Dine Brands Global from $21.00 to $24.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. Finally, Truist Financial cut their price objective on shares of Dine Brands Global from $27.00 to $23.00 and set a "hold" rating on the stock in a report on Thursday, May 8th.

Dine Brands Global Stock Up 0.5%

Shares of NYSE:DIN traded up $0.12 during midday trading on Friday, reaching $23.73. 299,748 shares of the company traded hands, compared to its average volume of 587,455. Dine Brands Global has a 12 month low of $18.63 and a 12 month high of $37.44. The firm has a market capitalization of $370.87 million, a price-to-earnings ratio of 6.57 and a beta of 1.18. The firm's fifty day moving average price is $24.99 and its two-hundred day moving average price is $25.08.

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

Dine Brands Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Friday, June 20th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 8.60%. The ex-dividend date of this dividend was Friday, June 20th. Dine Brands Global's dividend payout ratio is currently 56.51%.

Institutional Investors Weigh In On Dine Brands Global

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Dine Brands Global by 7.4% in the first quarter. Vanguard Group Inc. now owns 1,043,716 shares of the restaurant operator's stock worth $24,287,000 after buying an additional 71,941 shares in the last quarter. LSV Asset Management lifted its stake in Dine Brands Global by 1.9% in the 1st quarter. LSV Asset Management now owns 647,392 shares of the restaurant operator's stock worth $15,065,000 after purchasing an additional 12,300 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Dine Brands Global by 14.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 601,470 shares of the restaurant operator's stock worth $18,104,000 after buying an additional 74,387 shares in the last quarter. Millennium Management LLC boosted its position in shares of Dine Brands Global by 51.2% during the 1st 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. Finally, 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 worth $8,284,000 after buying an additional 39,842 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors.

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.