Dine Brands Global (NYSE:DIN) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Dine Brands Global (NYSE:DIN) from a buy rating to a hold rating in a report published on Tuesday.

DIN has been the topic of a number of other research reports. Barclays dropped their price objective on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Wedbush upgraded shares of Dine Brands Global from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $34.00 to $47.00 in a research report on Tuesday, October 1st. Truist Financial reiterated a “hold” rating and issued a $37.00 target price (down from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. KeyCorp decreased their price target on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, October 18th. Finally, Benchmark reissued a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $46.14.

Dine Brands Global Trading Up 0.1 %

DIN traded up $0.03 during trading hours on Tuesday, hitting $35.27. The company’s stock had a trading volume of 41,523 shares, compared to its average volume of 432,988. The company has a 50-day simple moving average of $31.07 and a 200 day simple moving average of $35.04. The firm has a market capitalization of $539.63 million, a PE ratio of 5.91 and a beta of 1.71. 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 released its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, beating the consensus estimate of $1.34 by $0.10. The firm had revenue of $195.00 million for the quarter, compared to analysts’ expectations of $198.40 million. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. Dine Brands Global’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the company earned $1.46 EPS. Research analysts expect that Dine Brands Global will post 5.77 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.78%. Dine Brands Global’s dividend payout ratio is 34.23%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. LMR Partners LLP bought a new position in Dine Brands Global during the third quarter valued at about $239,000. Quest Partners LLC raised its stake in shares of Dine Brands Global by 965.3% in the third quarter. Quest Partners LLC now owns 16,565 shares of the restaurant operator’s stock valued at $517,000 after purchasing an additional 15,010 shares in the last quarter. Victory Capital Management Inc. bought a new position in Dine Brands Global in the third quarter worth $225,000. Aigen Investment Management LP boosted its stake in Dine Brands Global by 65.0% during the third quarter. Aigen Investment Management LP now owns 20,687 shares of the restaurant operator’s stock worth $646,000 after buying an additional 8,149 shares in the last quarter. Finally, Olstein Capital Management L.P. increased its holdings 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 valued at $9,438,000 after buying an additional 60,605 shares during the period. 92.83% of the stock is 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.