Dine Brands Global, Inc. (NYSE:DIN) Receives $26.00 Average Target Price from Analysts

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.

Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) has been given an average rating of "Hold" by the nine ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $26.00.

Several analysts have issued reports on the company. Truist Financial cut their price objective on Dine Brands Global from $27.00 to $23.00 and set a "hold" rating on the stock in a research note on Thursday, May 8th. KeyCorp cut their price objective on Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Barclays decreased their target price 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. UBS Group dropped their price target on shares of Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Finally, Zacks Research raised Dine Brands Global to a "strong sell" rating in a report on Friday, August 8th.

Dine Brands Global Trading Up 0.7%

NYSE DIN traded up $0.15 during mid-day trading on Monday, reaching $23.08. 119,771 shares of the company's stock traded hands, compared to its average volume of 577,296. Dine Brands Global has a 1-year low of $18.63 and a 1-year high of $37.44. The company has a fifty day simple moving average of $23.34 and a 200-day simple moving average of $23.57. The company has a market cap of $354.97 million, a price-to-earnings ratio of 7.70 and a beta of 1.05.

Dine Brands Global (NYSE:DIN - Get Free Report) last issued 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 business had revenue of $230.78 million for the quarter, compared to analyst estimates of $222.69 million. During the same quarter last year, the business earned $1.71 EPS. Dine Brands Global's revenue for the quarter was up 11.9% compared to the same quarter last year. Equities research analysts forecast that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Friday, September 19th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 8.8%. Dine Brands Global's dividend payout ratio (DPR) is presently 68.00%.

Insider Activity at Dine Brands Global

In related news, CEO John W. Peyton acquired 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, for a total transaction of $100,003.53. Following the completion of the acquisition, the chief executive officer directly owned 189,563 shares of the company's stock, valued at approximately $4,191,237.93. The trade was a 2.44% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Vance Yuwen Chang bought 2,340 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was acquired at an average price of $21.10 per share, for a total transaction of $49,374.00. Following the completion of the acquisition, the chief financial officer directly owned 54,130 shares in the company, valued at approximately $1,142,143. This represents a 4.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.56% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Mountain Hill Investment Partners Corp. grew its position in Dine Brands Global by 50.0% in the first quarter. Mountain Hill Investment Partners Corp. now owns 1,500 shares of the restaurant operator's stock worth $35,000 after buying an additional 500 shares during the last quarter. Aigen Investment Management LP grew its position in Dine Brands Global by 7.0% in the first quarter. Aigen Investment Management LP now owns 10,127 shares of the restaurant operator's stock worth $236,000 after buying an additional 659 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Dine Brands Global by 9.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the restaurant operator's stock worth $237,000 after buying an additional 692 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Dine Brands Global by 6.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,046 shares of the restaurant operator's stock worth $453,000 after buying an additional 871 shares during the last quarter. Finally, AlphaQuest LLC grew its position in Dine Brands Global by 7.9% in the first quarter. AlphaQuest LLC now owns 11,902 shares of the restaurant operator's stock worth $277,000 after buying an additional 872 shares during the last quarter. Institutional investors and hedge funds own 92.83% of the company's stock.

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.