Analysts Set Dine Brands Global, Inc. (NYSE:DIN) Target Price at $58.57

Dine Brands Global, Inc. (NYSE:DIN) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $58.57.

A number of research firms have recently commented on DIN. Wedbush dropped their price objective on Dine Brands Global from $48.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. Truist Financial upped their price objective on Dine Brands Global from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Piper Sandler dropped their price objective on Dine Brands Global from $49.00 to $48.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. StockNews.com upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Finally, KeyCorp dropped their price objective on Dine Brands Global from $57.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th.

Dine Brands Global Price Performance

DIN opened at $45.50 on Tuesday. Dine Brands Global has a 12 month low of $41.76 and a 12 month high of $69.05. The business has a 50-day moving average of $45.06 and a two-hundred day moving average of $45.99. The stock has a market capitalization of $700.70 million, a price-to-earnings ratio of 8.10 and a beta of 1.68.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, May 8th. The restaurant operator reported $1.33 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.26). The company had revenue of $206.24 million for the quarter, compared to analyst estimates of $210.54 million. Dine Brands Global had a negative return on equity of 35.31% and a net margin of 10.59%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the company posted $1.97 EPS. Equities research analysts anticipate that Dine Brands Global will post 6.18 earnings per share for the current year.

Dine Brands Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, June 20th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $2.04 annualized dividend and a yield of 4.48%. Dine Brands Global’s dividend payout ratio is currently 36.30%.

Institutional Trading of Dine Brands Global

Several large investors have recently added to or reduced their stakes in DIN. Bank of New York Mellon Corp increased its holdings in Dine Brands Global by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 198,807 shares of the restaurant operator’s stock valued at $9,831,000 after purchasing an additional 2,448 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Dine Brands Global by 105.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 20,863 shares of the restaurant operator’s stock valued at $1,032,000 after buying an additional 10,700 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new position in Dine Brands Global in the 3rd quarter valued at about $461,000. South Dakota Investment Council purchased a new position in Dine Brands Global in the 3rd quarter valued at about $2,580,000. Finally, Jump Financial LLC purchased a new position in Dine Brands Global in the 3rd quarter valued at about $352,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

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.