Dine Brands Global, Inc. (NYSE:DIN) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Dine Brands Global, Inc. has received a consensus recommendation of "Hold" from nine brokerages, with one sell rating, seven hold ratings, and one buy rating, along with an average target price of $26.00.
• The company reported $1.17 EPS for the last quarter, missing analysts' estimates, although its revenue increased by 11.9% year-over-year, totaling $230.78 million.
• Dine Brands Global announced a quarterly dividend of $0.51 per share with an annualized yield of 8.4%, set to be paid on October 8th.

Shares of Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) have received a consensus recommendation of "Hold" from the nine brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $26.00.

Several analysts recently commented on DIN shares. Barclays lowered their target price 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, August 7th. KeyCorp reduced their price objective on Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating for the company in a research note on Thursday, August 7th. Finally, Zacks Research raised Dine Brands Global to a "strong sell" rating in a research note on Friday, August 8th.

Dine Brands Global Stock Performance

Shares of DIN opened at $24.40 on Friday. The stock has a 50-day moving average price of $22.98 and a 200 day moving average price of $23.38. Dine Brands Global has a one year low of $18.63 and a one year high of $37.44. The company has a market capitalization of $375.20 million, a P/E ratio of 8.13 and a beta of 1.05.

Dine Brands Global (NYSE:DIN - Get Free Report) last released its earnings results on Wednesday, August 6th. The restaurant operator reported $1.17 EPS for the quarter, missing analysts' consensus estimates 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 negative return on equity of 31.66% and a net margin of 5.40%.The company's quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.71 EPS. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Friday, September 19th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $2.04 dividend on an annualized basis and a yield of 8.4%. Dine Brands Global's dividend payout ratio (DPR) is presently 68.00%.

Insiders Place Their Bets

In related news, CFO Vance Yuwen Chang purchased 2,340 shares of Dine Brands Global stock in a transaction on 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 transaction, the chief financial officer directly owned 54,130 shares of the company's stock, valued at approximately $1,142,143. This represents a 4.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John W. Peyton purchased 4,523 shares of Dine Brands Global stock in a transaction on Tuesday, August 19th. The stock was bought at an average cost of $22.11 per share, with a total value of $100,003.53. Following the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. 4.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dine Brands Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. boosted its holdings 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 purchasing an additional 500 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings 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 buying an additional 1,578 shares in the last quarter. AdvisorShares Investments LLC lifted its holdings 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 buying an additional 1,200 shares in the last quarter. GAMMA Investing LLC lifted its holdings 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 buying an additional 6,049 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of Dine Brands Global by 544.8% during the 2nd quarter. Osaic Holdings Inc. now owns 7,235 shares of the restaurant operator's stock valued at $176,000 after acquiring an additional 6,113 shares during the last quarter. 92.83% of the stock is currently owned by institutional investors.

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.

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