Brokerages Set DINE BRANDS GLOBAL, INC. (NYSE:DIN) Target Price at $26.00

Key Points

• Dine Brands Global, Inc. has an average rating of "Hold" from nine brokerage firms, with one sell recommendation, seven holds, and one buy recommendation, while the average price target is $26.00.
• The company reported $1.17 earnings per share for the last quarter, falling short of analysts' expectations of $1.49, despite revenue increasing by 11.9% year-over-year to $230.78 million.
• Recent insider trading showed that both the CFO and CEO increased their holdings in the company, suggesting confidence in its future performance.

Shares of DINE BRANDS GLOBAL, INC. (NYSE:DIN - Get Free Report) have earned a consensus rating of "Hold" from the nine brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $26.00.

Several research analysts have recently issued reports on DIN shares. Barclays cut their price target on DINE BRANDS GLOBAL from $24.00 to $22.00 and set an "equal weight" rating for the company in a research note on Thursday, August 7th. Zacks Research raised DINE BRANDS GLOBAL to a "strong sell" rating in a research note on Friday, August 8th. Truist Financial cut their price target 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. UBS Group dropped their price objective on 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. Finally, 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 report on Thursday, August 7th.

Insider Activity at DINE BRANDS GLOBAL

In other DINE BRANDS GLOBAL news, CFO Vance Yuwen Chang purchased 2,340 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was bought at an average price of $21.10 per share, with a total value of $49,374.00. Following the completion of the purchase, the chief financial officer owned 54,130 shares in the company, valued at $1,142,143. This trade represents a 4.52% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John W. Peyton purchased 4,523 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of $22.11 per share, with a total value of $100,003.53. Following the purchase, the chief executive officer owned 189,563 shares of the company's stock, valued at approximately $4,191,237.93. This represents a 2.44% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 4.56% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. boosted its stake in DINE BRANDS GLOBAL by 50.0% during the first quarter. Mountain Hill Investment Partners Corp. now owns 1,500 shares of the restaurant operator's stock valued at $35,000 after buying an additional 500 shares in the last quarter. Ancora Advisors LLC purchased a new stake in DINE BRANDS GLOBAL during the fourth quarter valued at about $40,000. Tower Research Capital LLC TRC boosted its position in DINE BRANDS GLOBAL by 307.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator's stock worth $51,000 after acquiring an additional 1,578 shares during the period. AdvisorShares Investments LLC boosted its position in DINE BRANDS GLOBAL by 36.7% during the 2nd quarter. AdvisorShares Investments LLC now owns 4,474 shares of the restaurant operator's stock worth $109,000 after acquiring an additional 1,200 shares during the period. Finally, GAMMA Investing LLC boosted its position in DINE BRANDS GLOBAL by 5,126.3% during the 1st 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 during the period. Institutional investors own 92.83% of the company's stock.

DINE BRANDS GLOBAL Price Performance

Shares of DIN traded up $0.35 during mid-day trading on Monday, reaching $23.65. 555,420 shares of the company's stock were exchanged, compared to its average volume of 529,677. The business's fifty day simple moving average is $23.28 and its 200-day simple moving average is $23.53. DINE BRANDS GLOBAL has a 52-week low of $18.63 and a 52-week high of $37.44. The stock has a market capitalization of $363.74 million, a PE ratio of 7.88 and a beta of 1.05.

DINE BRANDS GLOBAL (NYSE:DIN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The restaurant operator reported $1.17 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.32). DINE BRANDS GLOBAL had a net margin of 5.40% and a negative return on equity of 31.66%. The firm had revenue of $230.78 million during the quarter, compared to analysts' expectations of $222.69 million. During the same quarter last year, the business earned $1.71 earnings per share. The business's quarterly revenue was up 11.9% on a year-over-year basis. Equities research analysts predict that DINE BRANDS GLOBAL will post 5.84 earnings per share for the current year.

DINE BRANDS GLOBAL Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Friday, September 19th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 8.6%. The ex-dividend date is Friday, September 19th. DINE BRANDS GLOBAL's dividend payout ratio is currently 68.00%.

DINE BRANDS GLOBAL Company Profile

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.