Dine Brands Global, Inc. (NYSE:DIN) Receives $28.29 Consensus Price Target from Brokerages

Shares of Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eight research firms that are covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $28.29.

A number of research analysts have commented on DIN shares. UBS Group reduced their target price on Dine Brands Global from $32.00 to $25.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Barclays decreased their price target on shares of Dine Brands Global from $26.00 to $21.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. KeyCorp lowered their target price on Dine Brands Global from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Truist Financial reduced their price objective on Dine Brands Global from $37.00 to $27.00 and set a "hold" rating for the company in a research report on Thursday, March 6th. Finally, Wedbush dropped their target price on Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th.

Hedge Funds Weigh In On Dine Brands Global

Several large investors have recently bought and sold shares of DIN. Mountain Hill Investment Partners Corp. bought a new stake in Dine Brands Global during the fourth quarter worth approximately $30,000. Ancora Advisors LLC acquired a new stake in shares of Dine Brands Global in the fourth quarter valued at $40,000. EMC Capital Management boosted its stake in Dine Brands Global by 2,570.0% during the fourth quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator's stock valued at $88,000 after buying an additional 2,827 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Dine Brands Global during the fourth quarter worth about $89,000. Finally, GAMMA Investing LLC raised its position in Dine Brands Global by 5,126.3% in the first 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 in the last quarter. Institutional investors and hedge funds own 92.83% of the company's stock.

Dine Brands Global Stock Up 2.8 %

Shares of DIN traded up $0.57 during trading on Tuesday, reaching $20.48. The company's stock had a trading volume of 522,370 shares, compared to its average volume of 581,765. Dine Brands Global has a twelve month low of $18.63 and a twelve month high of $45.69. The company has a market cap of $320.18 million, a price-to-earnings ratio of 3.41 and a beta of 1.44. The company has a fifty day moving average of $22.83 and a two-hundred day moving average of $27.98.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.48). The company had revenue of $204.80 million for the quarter, compared to analyst estimates of $200.75 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. Dine Brands Global's revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business earned $1.40 earnings per share. As a group, equities analysts forecast that Dine Brands Global will post 5.84 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 9.96%. The ex-dividend date of this dividend was Monday, March 17th. Dine Brands Global's payout ratio is currently 48.46%.

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.