Analysts Set DINE BRANDS GLOBAL, INC. (NYSE:DIN) Price Target at $26.86

Key Points

• Dine Brands Global, Inc. has received a consensus rating of "Hold" from eight brokerages, with a 12-month price target averaging $26.86.
• Institutional investors and hedge funds now own 92.83% of Dine Brands' stock, indicating significant backing from larger investment entities.
• The company's recent earnings report revealed a missed EPS estimate of $1.17 compared to the expected $1.49, although revenue was up 11.9% year-over-year.

DINE BRANDS GLOBAL, INC. (NYSE:DIN - Get Free Report) has been given an average recommendation of "Hold" by the eight research firms that are covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $26.00.

DIN has been the topic of several recent research reports. Barclays reduced their price objective on DINE BRANDS GLOBAL from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Thursday. Truist Financial reduced their price target on DINE BRANDS GLOBAL from $27.00 to $23.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. UBS Group reduced their price target on DINE BRANDS GLOBAL from $25.00 to $21.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, KeyCorp reduced their price target on DINE BRANDS GLOBAL from $30.00 to $26.00 and set an "overweight" rating on the stock in a research report on Thursday.

DINE BRANDS GLOBAL Price Performance

NYSE DIN traded up $0.21 during trading on Thursday, reaching $21.10. The company's stock had a trading volume of 894,895 shares, compared to its average volume of 434,298. The stock has a market capitalization of $329.79 million, a PE ratio of 7.03 and a beta of 1.16. The firm has a fifty day moving average of $24.74 and a 200 day moving average of $24.45. DINE BRANDS GLOBAL has a one year low of $18.63 and a one year high of $37.44.

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

DINE BRANDS GLOBAL Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Friday, June 20th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date was Friday, June 20th. DINE BRANDS GLOBAL's dividend payout ratio (DPR) is presently 68.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of DINE BRANDS GLOBAL by 7.4% in the 1st quarter. Vanguard Group Inc. now owns 1,043,716 shares of the restaurant operator's stock valued at $24,287,000 after purchasing an additional 71,941 shares during the period. LSV Asset Management lifted its stake in shares of DINE BRANDS GLOBAL by 1.9% in the 1st quarter. LSV Asset Management now owns 647,392 shares of the restaurant operator's stock valued at $15,065,000 after purchasing an additional 12,300 shares during the period. Millennium Management LLC lifted its stake in shares of DINE BRANDS GLOBAL by 51.2% in the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator's stock valued at $11,817,000 after purchasing an additional 172,013 shares during the period. Geode Capital Management LLC lifted its stake in shares of DINE BRANDS GLOBAL by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 367,942 shares of the restaurant operator's stock valued at $8,954,000 after purchasing an additional 5,717 shares during the period. Finally, Olstein Capital Management L.P. lifted 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 valued at $8,284,000 after purchasing an additional 39,842 shares during the period. Hedge funds and other institutional investors 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.