Dine Brands Global (NYSE:DIN) Price Target Cut to $44.00 by Analysts at UBS Group

Dine Brands Global (NYSE:DIN) had its price target cut by UBS Group from $51.00 to $44.00 in a research report report published on Thursday,Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

DIN has been the subject of a number of other reports. KeyCorp decreased their target price on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, October 18th. Truist Financial reaffirmed a “hold” rating and issued a $37.00 price objective (down previously from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a report on Tuesday, October 29th. Barclays lifted their price objective on shares of Dine Brands Global from $38.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday. Finally, StockNews.com cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a report on Tuesday. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $46.14.

Dine Brands Global Stock Performance

NYSE DIN traded down $0.81 on Thursday, reaching $34.43. 477,940 shares of the company’s stock traded hands, compared to its average volume of 435,107. The firm has a market cap of $526.74 million, a price-to-earnings ratio of 5.83 and a beta of 1.71. The stock has a 50 day moving average price of $31.07 and a 200-day moving average price of $35.04. Dine Brands Global has a fifty-two week low of $28.25 and a fifty-two week high of $52.05.

Dine Brands Global (NYSE:DIN) last posted its 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 during the quarter, compared to the consensus estimate of $198.40 million. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.46 earnings per share. As a group, equities research analysts anticipate that Dine Brands Global will post 5.77 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, September 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.93%. Dine Brands Global’s dividend payout ratio is currently 33.94%.

Institutional Trading of Dine Brands Global

A number of institutional investors and hedge funds have recently modified their holdings of DIN. LMR Partners LLP purchased a new stake in Dine Brands Global during the 3rd quarter valued at about $239,000. Quest Partners LLC grew its stake in Dine Brands Global by 965.3% during the 3rd quarter. Quest Partners LLC now owns 16,565 shares of the restaurant operator’s stock valued at $517,000 after acquiring an additional 15,010 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in Dine Brands Global during the 3rd quarter valued at about $225,000. Aigen Investment Management LP grew its stake in Dine Brands Global by 65.0% during the 3rd quarter. Aigen Investment Management LP now owns 20,687 shares of the restaurant operator’s stock valued at $646,000 after acquiring an additional 8,149 shares in the last quarter. Finally, Olstein Capital Management L.P. grew its stake in Dine Brands Global by 25.1% during the 3rd quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock valued at $9,438,000 after acquiring an additional 60,605 shares in the last quarter. Hedge funds and other institutional investors own 92.83% of the company’s stock.

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.