Dine Brands Global (NYSE:DIN) Earns Outperform Rating from Wedbush

Wedbush reiterated their outperform rating on shares of Dine Brands Global (NYSE:DIN) in a report published on Friday,Benzinga reports. They currently have a $47.00 price target on the restaurant operator’s stock.

A number of other analysts also recently weighed in on DIN. KeyCorp reduced their target price on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. Barclays boosted their target price on shares of Dine Brands Global from $38.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. StockNews.com downgraded shares of Dine Brands Global from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Benchmark restated a “hold” rating on shares of Dine Brands Global in a report on Tuesday, October 29th. Finally, CL King downgraded shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $46.14.

Dine Brands Global Stock Performance

Shares of NYSE DIN opened at $35.30 on Friday. The company has a market cap of $538.33 million, a P/E ratio of 5.87 and a beta of 1.71. The firm’s fifty day moving average is $31.49 and its two-hundred day moving average is $34.54. Dine Brands Global has a 52-week low of $28.25 and a 52-week high of $52.05.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.10. The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $198.40 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. Dine Brands Global’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.46 EPS. As a group, analysts forecast that Dine Brands Global will post 5.84 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $2.04 annualized dividend and a yield of 5.78%. Dine Brands Global’s dividend payout ratio (DPR) is 33.94%.

Institutional Investors Weigh In On Dine Brands Global

Large investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC boosted its position in Dine Brands Global by 438.7% in the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 623 shares during the period. Point72 DIFC Ltd purchased a new stake in Dine Brands Global in the 3rd quarter valued at about $29,000. Summit Securities Group LLC purchased a new stake in Dine Brands Global in the 2nd quarter valued at about $35,000. Quarry LP boosted its position in Dine Brands Global by 32.8% in the 2nd quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock valued at $83,000 after buying an additional 567 shares during the period. Finally, EntryPoint Capital LLC purchased a new stake in shares of Dine Brands Global in the 1st quarter worth approximately $132,000. 92.83% of the stock is 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.