KeyCorp Boosts Dine Brands Global (NYSE:DIN) Price Target to $30.00

Dine Brands Global (NYSE:DIN - Free Report) had its price objective increased by KeyCorp from $26.00 to $30.00 in a report issued on Tuesday morning,Benzinga reports. They currently have an overweight rating on the restaurant operator's stock.

A number of other research firms also recently commented on DIN. UBS Group decreased their price objective on shares of Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Barclays lifted their target price on shares of Dine Brands Global from $21.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Finally, Truist Financial cut their target price on shares of Dine Brands Global from $27.00 to $23.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $26.86.

Dine Brands Global Stock Performance

DIN stock traded up $0.05 during trading on Tuesday, reaching $23.23. 405,701 shares of the company were exchanged, compared to its average volume of 586,858. The company has a market cap of $363.08 million, a P/E ratio of 6.43 and a beta of 1.18. Dine Brands Global has a 52-week low of $18.63 and a 52-week high of $37.44. The stock's 50 day moving average price is $25.07 and its 200 day moving average price is $25.02.

Dine Brands Global (NYSE:DIN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $1.03 EPS for the quarter, missing analysts' consensus estimates of $1.18 by ($0.15). The company had revenue of $214.78 million for the quarter, compared to analysts' expectations of $216.19 million. Dine Brands Global had a negative return on equity of 34.70% and a net margin of 6.69%. The firm's quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 EPS. As a group, equities research analysts forecast that Dine Brands Global will post 5.84 EPS for the current year.

Dine Brands Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Friday, June 20th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, June 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.78%. Dine Brands Global's dividend payout ratio (DPR) is presently 56.51%.

Institutional Investors Weigh In On Dine Brands Global

A number of hedge funds and other institutional investors have recently modified their holdings of DIN. Bank of New York Mellon Corp increased its stake in Dine Brands Global by 6.4% in the fourth quarter. Bank of New York Mellon Corp now owns 170,633 shares of the restaurant operator's stock valued at $5,136,000 after purchasing an additional 10,248 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Dine Brands Global in the fourth quarter valued at $415,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Dine Brands Global in the fourth quarter worth approximately $89,000. Mountain Hill Investment Partners Corp. purchased a new stake in Dine Brands Global in the fourth quarter valued at approximately $30,000. Finally, Prudential Financial Inc. purchased a new stake in Dine Brands Global in the fourth quarter valued at approximately $967,000. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

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.