Dine Brands Global (NYSE:DIN) PT Lowered to $52.00

Dine Brands Global (NYSE:DIN - Free Report) had its target price trimmed by KeyCorp from $57.00 to $52.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an overweight rating on the restaurant operator's stock.

DIN has been the topic of several other research reports. Benchmark upped their price objective on Dine Brands Global from $63.00 to $68.00 and gave the stock a buy rating in a research report on Monday, March 4th. Wedbush increased their target price on Dine Brands Global from $46.00 to $48.00 and gave the company a neutral rating in a research report on Thursday, February 29th. Truist Financial increased their target price on Dine Brands Global from $70.00 to $74.00 and gave the company a buy rating in a research report on Thursday, February 29th. Barclays decreased their target price on Dine Brands Global from $64.00 to $57.00 and set an overweight rating on the stock in a research report on Thursday, February 29th. Finally, StockNews.com upgraded Dine Brands Global from a hold rating to a buy rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $59.43.

Dine Brands Global Trading Down 0.1 %

Dine Brands Global stock traded down $0.05 during mid-day trading on Tuesday, hitting $44.32. The company had a trading volume of 294,400 shares, compared to its average volume of 252,319. Dine Brands Global has a 12-month low of $42.00 and a 12-month high of $70.32. The company's fifty day moving average is $46.36 and its 200-day moving average is $46.99. The company has a market capitalization of $684.88 million, a price-to-earnings ratio of 7.11 and a beta of 1.68.

Dine Brands Global (NYSE:DIN - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The restaurant operator reported $1.40 EPS for the quarter, topping the consensus estimate of $1.12 by $0.28. Dine Brands Global had a negative return on equity of 37.72% and a net margin of 11.69%. The business had revenue of $206.30 million for the quarter, compared to analyst estimates of $206.24 million. During the same quarter in the prior year, the firm posted $1.34 EPS. The business's quarterly revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts expect that Dine Brands Global will post 6.47 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Wednesday, March 20th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.60%. The ex-dividend date was Tuesday, March 19th. Dine Brands Global's dividend payout ratio is currently 32.74%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DIN. JPMorgan Chase & Co. increased its stake in shares of Dine Brands Global by 345.2% in the 4th quarter. JPMorgan Chase & Co. now owns 298,766 shares of the restaurant operator's stock worth $19,300,000 after acquiring an additional 231,654 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Dine Brands Global by 135.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 321,239 shares of the restaurant operator's stock worth $20,752,000 after acquiring an additional 185,072 shares during the last quarter. Norges Bank acquired a new stake in shares of Dine Brands Global in the 4th quarter worth $9,052,000. Schonfeld Strategic Advisors LLC increased its stake in shares of Dine Brands Global by 135.0% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 224,450 shares of the restaurant operator's stock worth $14,499,000 after acquiring an additional 128,955 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Dine Brands Global by 6.4% in the 2nd quarter. Alliancebernstein L.P. now owns 1,685,157 shares of the restaurant operator's stock worth $97,790,000 after acquiring an additional 101,852 shares during the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

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.