Barclays Reaffirms Equal Weight Rating for Dine Brands Global (NYSE:DIN)

Barclays restated their equal weight rating on shares of Dine Brands Global (NYSE:DIN) in a report issued on Tuesday, MarketBeat reports. Barclays currently has a $32.00 price target on the restaurant operator’s stock, down from their previous price target of $43.00.

DIN has been the subject of a number of other reports. Piper Sandler lowered their price objective on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. Wedbush reiterated an “outperform” rating and set a $47.00 price objective on shares of Dine Brands Global in a research note on Friday, November 15th. CL King downgraded shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. KeyCorp cut their price target on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. Finally, StockNews.com lowered Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $41.43.

Dine Brands Global Price Performance

Shares of DIN stock opened at $27.35 on Tuesday. The company’s 50-day simple moving average is $32.10 and its two-hundred day simple moving average is $32.21. Dine Brands Global has a one year low of $26.85 and a one year high of $51.35. The company has a market capitalization of $416.98 million, a P/E ratio of 4.55 and a beta of 1.75.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, topping the consensus estimate of $1.34 by $0.10. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $198.40 million. During the same period last year, the business posted $1.46 EPS. Dine Brands Global’s quarterly revenue was down 3.8% on a year-over-year basis. On average, research analysts expect that Dine Brands Global will post 5.84 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, December 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 7.46%. Dine Brands Global’s payout ratio is 33.94%.

Hedge Funds Weigh In On Dine Brands Global

Several hedge funds have recently modified their holdings of DIN. Point72 DIFC Ltd purchased a new stake in shares of Dine Brands Global during the third quarter valued at $29,000. Quarry LP boosted its position in Dine Brands Global by 32.8% in the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock valued at $83,000 after buying an additional 567 shares during the last quarter. Signaturefd LLC increased its holdings in Dine Brands Global by 383.4% in the 3rd quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock worth $93,000 after buying an additional 2,358 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Dine Brands Global by 30.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock worth $117,000 after buying an additional 746 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Dine Brands Global by 400.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,000 shares of the restaurant operator’s stock valued at $145,000 after acquiring an additional 3,200 shares during the period. Institutional investors and hedge funds 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.