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

StockNews.com downgraded shares of Dine Brands Global (NYSE:DINFree Report) 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.

Check Out Our Latest Report on Dine Brands Global

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:DINGet Free Report) 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

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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.

Further Reading

Analyst Recommendations for Dine Brands Global (NYSE:DIN)

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