DINE BRANDS GLOBAL, INC. (NYSE:DIN) Receives Consensus Recommendation of "Hold" from Brokerages

DINE BRANDS GLOBAL, INC. (NYSE:DIN - Get Free Report) has been assigned an average rating of "Hold" from the eight ratings firms that are covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $26.29.

A number of equities research analysts have recently commented on the company. Sanford C. Bernstein set a $26.00 target price on DINE BRANDS GLOBAL in a research report on Thursday, March 6th. UBS Group dropped their target price 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. Truist Financial dropped their target price 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. Barclays raised their target price on DINE BRANDS GLOBAL from $21.00 to $24.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. Finally, KeyCorp dropped their target price on DINE BRANDS GLOBAL from $30.00 to $26.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th.

Institutional Investors Weigh In On DINE BRANDS GLOBAL

Several institutional investors have recently bought and sold shares of the company. Voya Investment Management LLC boosted its holdings in DINE BRANDS GLOBAL by 40.3% in the 1st quarter. Voya Investment Management LLC now owns 18,711 shares of the restaurant operator's stock worth $435,000 after buying an additional 5,371 shares during the last quarter. Mork Capital Management LLC boosted its holdings in DINE BRANDS GLOBAL by 37.5% in the 1st quarter. Mork Capital Management LLC now owns 55,000 shares of the restaurant operator's stock worth $1,280,000 after buying an additional 15,000 shares during the last quarter. Millennium Management LLC lifted its stake in DINE BRANDS GLOBAL by 51.2% in the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator's stock worth $11,817,000 after purchasing an additional 172,013 shares in the last quarter. AQR Capital Management LLC lifted its stake in DINE BRANDS GLOBAL by 74.7% in the 1st quarter. AQR Capital Management LLC now owns 235,221 shares of the restaurant operator's stock worth $5,474,000 after purchasing an additional 100,580 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new position in DINE BRANDS GLOBAL in the 1st quarter worth approximately $3,602,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

DINE BRANDS GLOBAL Trading Up 1.6%

Shares of NYSE DIN traded up $0.43 during trading on Wednesday, reaching $27.23. 637,645 shares of the company traded hands, compared to its average volume of 595,099. The firm's fifty day simple moving average is $23.19 and its 200 day simple moving average is $25.73. The stock has a market cap of $425.62 million, a P/E ratio of 7.54 and a beta of 1.18. DINE BRANDS GLOBAL has a 12-month low of $18.63 and a 12-month high of $38.68.

DINE BRANDS GLOBAL (NYSE:DIN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The restaurant operator reported $1.03 EPS for the quarter, missing analysts' consensus estimates of $1.18 by ($0.15). DINE BRANDS GLOBAL had a net margin of 6.69% and a negative return on equity of 34.70%. The business had revenue of $214.78 million for the quarter, compared to analyst estimates of $216.19 million. During the same quarter last year, the business earned $1.33 earnings per share. DINE BRANDS GLOBAL's revenue was up 4.1% on a year-over-year basis. As a group, research analysts expect that DINE BRANDS GLOBAL will post 5.84 EPS for the current year.

DINE BRANDS GLOBAL Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Friday, June 20th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 7.49%. The ex-dividend date of this dividend is Friday, June 20th. DINE BRANDS GLOBAL's payout ratio is 56.51%.

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.