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

Key Points

• Dine Brands Global, Inc. has received an average rating of "Hold" from ten analysts, with one sell recommendation and one buy recommendation.
• The company recently reported earnings of $1.17 per share, missing estimates, while also declaring a quarterly dividend of $0.51 per share, yielding 7.4%.
• Institutional investors own 92.83% of Dine Brands' stock, with Vanguard Group increasing their stake by 7.4% in the last quarter.

Shares of Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) have been given an average recommendation of "Hold" by the ten analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $26.8571.

A number of analysts have weighed in on DIN shares. Weiss Ratings reiterated a "sell (d+)" rating on shares of Dine Brands Global in a research report on Wednesday, October 8th. KeyCorp increased their target price on shares of Dine Brands Global from $26.00 to $32.00 and gave the stock an "overweight" rating in a research report on Monday. Barclays cut their price target on shares of Dine Brands Global from $24.00 to $22.00 and set an "equal weight" rating for the company in a report on Thursday, August 7th. Finally, Zacks Research raised shares of Dine Brands Global from a "strong sell" rating to a "hold" rating in a report on Monday, October 6th.

Dine Brands Global Price Performance

Shares of Dine Brands Global stock opened at $27.71 on Tuesday. Dine Brands Global has a 52-week low of $18.63 and a 52-week high of $37.44. The firm has a market capitalization of $426.10 million, a PE ratio of 9.24 and a beta of 1.05. The company's fifty day moving average price is $24.32 and its two-hundred day moving average price is $23.66.

Dine Brands Global (NYSE:DIN - Get Free Report) last issued its earnings results on Wednesday, August 6th. The restaurant operator reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.32). The business had revenue of $230.78 million for the quarter, compared to analyst estimates 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 was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.71 earnings per share. Analysts predict that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Friday, September 19th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend was Friday, September 19th. Dine Brands Global's dividend payout ratio (DPR) is currently 68.00%.

Insider Buying and Selling at Dine Brands Global

In other Dine Brands Global news, CFO Vance Yuwen Chang acquired 2,340 shares of Dine Brands Global stock in a transaction on Thursday, August 21st. The shares were bought at an average price of $21.10 per share, with a total value of $49,374.00. Following the completion of the purchase, the chief financial officer owned 54,130 shares in the company, valued at $1,142,143. This trade represents a 4.52% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO John W. Peyton bought 4,523 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of $22.11 per share, for a total transaction of $100,003.53. Following 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 disclosure for this purchase can be found here. Insiders own 4.56% of the company's stock.

Institutional Investors Weigh In On Dine Brands Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Dine Brands Global by 7.4% during the first quarter. Vanguard Group Inc. now owns 1,043,716 shares of the restaurant operator's stock worth $24,287,000 after purchasing an additional 71,941 shares in the last quarter. LSV Asset Management raised its position in Dine Brands Global by 1.9% in the 1st quarter. LSV Asset Management now owns 647,392 shares of the restaurant operator's stock worth $15,065,000 after purchasing an additional 12,300 shares during the last quarter. Millennium Management LLC lifted its holdings in Dine Brands Global by 51.2% during the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator's stock worth $11,817,000 after buying an additional 172,013 shares in the last quarter. Marshall Wace LLP boosted its position in Dine Brands Global by 4.1% in the 2nd quarter. Marshall Wace LLP now owns 430,413 shares of the restaurant operator's stock valued at $10,472,000 after buying an additional 16,970 shares during the last quarter. Finally, Geode Capital Management LLC increased 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 buying an additional 5,717 shares during the period. Institutional investors and hedge funds own 92.83% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.