Analysts Set Dine Brands Global, Inc. (NYSE:DIN) Target Price at $29.00

Dine Brands Global, Inc. (NYSE:DIN) has earned an average rating of “Hold” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $29.00.

A number of equities research analysts recently commented on DIN shares. Wedbush decreased their target price on Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Truist Financial decreased their price objective on Dine Brands Global from $37.00 to $27.00 and set a “hold” rating on the stock in a report on Thursday, March 6th. Sanford C. Bernstein set a $26.00 target price on shares of Dine Brands Global in a report on Thursday, March 6th. UBS Group decreased their price target on shares of Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Finally, KeyCorp dropped their price objective on shares of Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Friday, January 31st.

Dine Brands Global Price Performance

DIN stock opened at $20.99 on Friday. Dine Brands Global has a 1-year low of $19.63 and a 1-year high of $46.26. The business has a 50 day simple moving average of $26.14 and a two-hundred day simple moving average of $29.49. The company has a market capitalization of $328.20 million, a price-to-earnings ratio of 3.49 and a beta of 1.44.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.48). The company had revenue of $204.80 million for the quarter, compared to the consensus estimate of $200.75 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. Dine Brands Global’s revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.40 EPS. Sell-side analysts anticipate that Dine Brands Global will post 5.84 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were paid a dividend of $0.51 per share. The ex-dividend date was Monday, March 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 9.72%. Dine Brands Global’s dividend payout ratio is 48.46%.

Institutional Investors Weigh In On Dine Brands Global

A number of institutional investors and hedge funds have recently modified their holdings of DIN. Point72 DIFC Ltd purchased a new stake in Dine Brands Global in the third quarter worth $29,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Dine Brands Global in the fourth quarter worth about $30,000. Ancora Advisors LLC purchased a new position in Dine Brands Global in the 4th quarter worth about $40,000. EMC Capital Management lifted its holdings in Dine Brands Global by 2,570.0% during the 4th quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator’s stock valued at $88,000 after buying an additional 2,827 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Dine Brands Global in the 4th quarter valued at about $89,000. 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.