Benchmark reaffirmed their hold rating on shares of Dine Brands Global (NYSE:DIN – Free Report) in a report issued on Tuesday morning, Benzinga reports.
DIN has been the topic of several other research reports. StockNews.com upgraded shares of Dine Brands Global from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Barclays reduced their price objective on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Truist Financial reiterated a “hold” rating and issued a $37.00 target price (down previously from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. Wedbush upgraded shares of Dine Brands Global from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $34.00 to $47.00 in a report on Tuesday, October 1st. Finally, UBS Group dropped their price objective on shares of Dine Brands Global from $56.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $46.43.
Get Our Latest Stock Report on Dine Brands Global
Dine Brands Global Price Performance
Dine Brands Global (NYSE:DIN – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.07. The business had revenue of $206.30 million during the quarter, compared to analyst estimates of $210.46 million. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The company’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.82 earnings per share. On average, sell-side analysts expect that Dine Brands Global will post 5.82 EPS for the current year.
Dine Brands Global Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 6.70%. The ex-dividend date of this dividend was Friday, September 20th. Dine Brands Global’s dividend payout ratio (DPR) is 34.23%.
Hedge Funds Weigh In On Dine Brands Global
A number of institutional investors have recently made changes to their positions in the business. Olstein Capital Management L.P. increased its position in Dine Brands Global by 25.1% in the 3rd quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock worth $9,438,000 after buying an additional 60,605 shares during the period. Olympiad Research LP acquired a new stake in Dine Brands Global in the 3rd quarter worth $407,000. Ballentine Partners LLC acquired a new position in shares of Dine Brands Global during the third quarter valued at about $421,000. Signaturefd LLC grew its position in Dine Brands Global by 383.4% during the third quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock worth $93,000 after buying an additional 2,358 shares in the last quarter. Finally, Creative Planning raised its holdings in Dine Brands Global by 162.8% in the 3rd quarter. Creative Planning now owns 25,573 shares of the restaurant operator’s stock valued at $799,000 after acquiring an additional 15,843 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors.
Dine Brands Global Company Profile
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.
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