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

Key Points

• Dine Brands Global received an average analyst recommendation of "Hold" from seven research firms, with a consensus 12-month price target of $30.40.
• Recent broker updates were mixed but generally cautious, with several firms maintaining or moving to neutral/hold ratings while trimming price targets, including Barclays, Mizuho, and UBS.
• The company reported Q1 earnings of $0.88 per share, missing estimates, though revenue of $225.2 million came in slightly above expectations and rose 4.8% year over year.

Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) has received an average recommendation of "Hold" from the seven research firms that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $30.40.

Several brokerages recently issued reports on DIN. Zacks Research upgraded Dine Brands Global from a "strong sell" rating to a "hold" rating in a report on Thursday, April 2nd. Benchmark restated a "hold" rating on shares of Dine Brands Global in a report on Monday, March 2nd. Mizuho cut their target price on Dine Brands Global from $34.00 to $30.00 and set a "neutral" rating on the stock in a report on Thursday, April 2nd. Barclays cut their target price on Dine Brands Global from $30.00 to $28.00 and set an "equal weight" rating on the stock in a report on Thursday. Finally, UBS Group cut their target price on Dine Brands Global from $35.00 to $33.00 and set a "neutral" rating on the stock in a report on Thursday, February 26th.

Dine Brands Global Trading Up 0.5%

Shares of NYSE:DIN opened at $28.42 on Friday. Dine Brands Global has a 1 year low of $19.58 and a 1 year high of $39.68. The business has a fifty day simple moving average of $28.17 and a 200 day simple moving average of $30.55. The firm has a market cap of $360.65 million, a price-to-earnings ratio of 28.14 and a beta of 0.94.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.12). Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.The firm had revenue of $225.20 million for the quarter, compared to analysts' expectations of $222.08 million. During the same quarter in the prior year, the business posted $1.03 earnings per share. Dine Brands Global's revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts forecast that Dine Brands Global will post 4.73 EPS for the current year.

Dine Brands Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Wednesday, March 18th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.7%. The ex-dividend date was Wednesday, March 18th. Dine Brands Global's dividend payout ratio (DPR) is 78.35%.

Insiders Place Their Bets

In related news, Director Douglas M. Pasquale bought 2,000 shares of the business's stock in a transaction on Thursday, March 12th. The shares were bought at an average cost of $28.25 per share, for a total transaction of $56,500.00. Following the completion of the acquisition, the director directly owned 31,469 shares in the company, valued at approximately $888,999.25. This represents a 6.79% 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 hyperlink. Insiders bought 6,000 shares of company stock worth $173,310 in the last 90 days. 6.73% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dine Brands Global

Institutional investors have recently bought and sold shares of the stock. Garton & Associates Financial Advisors LLC bought a new position in Dine Brands Global during the fourth quarter valued at about $26,000. Financial Management Professionals Inc. raised its holdings in Dine Brands Global by 45.4% during the fourth quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator's stock valued at $34,000 after buying an additional 326 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Dine Brands Global in the third quarter worth about $27,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Dine Brands Global in the third quarter worth about $50,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Dine Brands Global by 307.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator's stock worth $51,000 after purchasing an additional 1,578 shares during the period. 92.83% of the stock is currently owned by institutional investors.

Dine Brands Global Company Profile

Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company's primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee's Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.