Dine Brands Global (NYSE:DIN) PT Lowered to $66.00

Dine Brands Global (NYSE:DIN) had its price objective trimmed by Truist Financial from $71.00 to $66.00 in a report released on Thursday, Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

Several other equities research analysts also recently issued reports on the company. Piper Sandler dropped their target price on Dine Brands Global from $49.00 to $48.00 and set a neutral rating on the stock in a research report on Thursday, May 9th. StockNews.com downgraded Dine Brands Global from a buy rating to a hold rating in a research report on Wednesday. Wedbush lowered their price objective on Dine Brands Global from $37.00 to $34.00 and set a neutral rating on the stock in a research report on Thursday. KeyCorp lowered their price objective on Dine Brands Global from $50.00 to $40.00 and set an overweight rating on the stock in a research report on Tuesday, July 9th. Finally, Barclays lowered their price objective on Dine Brands Global from $57.00 to $54.00 and set an overweight rating on the stock in a research report on Thursday, May 9th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $48.86.

Dine Brands Global Price Performance

Shares of NYSE:DIN traded up $0.44 during trading on Thursday, hitting $30.19. 669,082 shares of the company were exchanged, compared to its average volume of 353,400. The company has a market cap of $465.08 million, a PE ratio of 5.32 and a beta of 1.74. The stock has a 50 day moving average of $35.45 and a 200 day moving average of $41.66. Dine Brands Global has a 52-week low of $29.25 and a 52-week high of $58.51.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.07. The firm had revenue of $206.30 million for the quarter, compared to the consensus estimate of $210.46 million. Dine Brands Global had a negative return on equity of 35.31% and a net margin of 10.59%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.82 earnings per share. Sell-side analysts forecast that Dine Brands Global will post 6.16 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Thursday, June 20th were paid a $0.51 dividend. The ex-dividend date was Thursday, June 20th. This represents a $2.04 dividend on an annualized basis and a yield of 6.76%. Dine Brands Global’s dividend payout ratio is presently 36.30%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DIN. Capstone Investment Advisors LLC purchased a new stake in shares of Dine Brands Global during the fourth quarter worth about $1,382,000. First Eagle Investment Management LLC raised its holdings in Dine Brands Global by 9.9% in the 1st quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock worth $12,086,000 after acquiring an additional 23,400 shares during the last quarter. Harvest Investment Advisors LLC raised its holdings in Dine Brands Global by 4.5% in the 4th quarter. Harvest Investment Advisors LLC now owns 26,979 shares of the restaurant operator’s stock worth $1,340,000 after acquiring an additional 1,169 shares during the last quarter. Quantbot Technologies LP raised its holdings in Dine Brands Global by 58.7% in the 1st quarter. Quantbot Technologies LP now owns 12,320 shares of the restaurant operator’s stock worth $573,000 after acquiring an additional 4,557 shares during the last quarter. Finally, Headlands Technologies LLC raised its holdings in Dine Brands Global by 438.7% in the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 623 shares during the last quarter. 92.83% of the stock is owned by 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.