Dine Brands Global (NYSE:DIN) Downgraded to “Strong Sell” at ValuEngine

ValuEngine cut shares of Dine Brands Global (NYSE:DIN) from a sell rating to a strong sell rating in a research note released on Friday morning, ValuEngine reports.

DIN has been the subject of a number of other reports. MKM Partners started coverage on shares of Dine Brands Global in a report on Thursday, September 26th. They set a buy rating and a $90.00 price objective for the company. Maxim Group set a $110.00 price objective on shares of Dine Brands Global and gave the company a buy rating in a report on Wednesday, July 31st. Barclays started coverage on shares of Dine Brands Global in a report on Thursday, July 11th. They set an overweight rating and a $115.00 price objective for the company. Zacks Investment Research upgraded shares of Dine Brands Global from a sell rating to a hold rating in a report on Tuesday. Finally, Wedbush reduced their price objective on shares of Dine Brands Global from $135.00 to $120.00 and set an outperform rating for the company in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. Dine Brands Global has a consensus rating of Buy and an average target price of $107.14.

NYSE:DIN traded down $2.51 during trading hours on Friday, reaching $71.24. The company had a trading volume of 275,659 shares, compared to its average volume of 358,577. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 13.27 and a beta of 0.41. The business’s 50-day simple moving average is $73.54 and its two-hundred day simple moving average is $86.65. Dine Brands Global has a twelve month low of $65.63 and a twelve month high of $104.00.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.14). The business had revenue of $228.08 million for the quarter, compared to analyst estimates of $233.69 million. Dine Brands Global had a net margin of 11.73% and a negative return on equity of 59.85%. The firm’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 earnings per share. As a group, equities analysts predict that Dine Brands Global will post 6.89 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend was Thursday, September 19th. Dine Brands Global’s payout ratio is currently 51.40%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DIN. KBC Group NV bought a new position in shares of Dine Brands Global during the second quarter valued at about $29,000. Coastal Investment Advisors Inc. bought a new position in shares of Dine Brands Global during the second quarter valued at about $29,000. Advisor Group Inc. lifted its position in shares of Dine Brands Global by 4,107.7% during the second quarter. Advisor Group Inc. now owns 547 shares of the restaurant operator’s stock valued at $52,000 after purchasing an additional 534 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Dine Brands Global by 515.0% during the second quarter. Tower Research Capital LLC TRC now owns 615 shares of the restaurant operator’s stock valued at $59,000 after purchasing an additional 515 shares in the last quarter. Finally, NumerixS Investment Technologies Inc lifted its position in shares of Dine Brands Global by 133.3% during the second quarter. NumerixS Investment Technologies Inc now owns 1,400 shares of the restaurant operator’s stock valued at $134,000 after purchasing an additional 800 shares in the last quarter.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.

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Analyst Recommendations for Dine Brands Global (NYSE:DIN)

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