Dine Brands Global (NYSE:DIN) Downgraded by StockNews.com to “Hold”

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

DIN has been the subject of a number of other research reports. Barclays reduced their price objective on Dine Brands Global from $64.00 to $57.00 and set an overweight rating for the company in a research note on Thursday, February 29th. KeyCorp reduced their price objective on Dine Brands Global from $57.00 to $52.00 and set an overweight rating for the company in a research note on Tuesday, April 9th. Wedbush upped their price target on Dine Brands Global from $46.00 to $48.00 and gave the stock a neutral rating in a research note on Thursday, February 29th. Truist Financial upped their price target on Dine Brands Global from $70.00 to $74.00 and gave the stock a buy rating in a research note on Thursday, February 29th. Finally, Benchmark upped their price target on Dine Brands Global from $63.00 to $68.00 and gave the stock a buy rating in a research note on Monday, March 4th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Dine Brands Global currently has an average rating of Moderate Buy and an average price target of $59.43.

Dine Brands Global Stock Up 0.9 %

DIN stock opened at $45.69 on Monday. Dine Brands Global has a fifty-two week low of $42.00 and a fifty-two week high of $69.71. The business has a 50 day moving average price of $45.82 and a 200 day moving average price of $46.50. The stock has a market cap of $705.83 million, a price-to-earnings ratio of 7.33 and a beta of 1.67.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, February 28th. The restaurant operator reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.28. Dine Brands Global had a negative return on equity of 37.72% and a net margin of 11.69%. The company had revenue of $206.30 million during the quarter, compared to analysts’ expectations of $206.24 million. During the same quarter in the previous year, the business earned $1.34 earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. As a group, sell-side analysts anticipate that Dine Brands Global will post 6.46 EPS for the current year.

Dine Brands Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Wednesday, March 20th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date was Tuesday, March 19th. Dine Brands Global’s dividend payout ratio is presently 32.74%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP grew its holdings in Dine Brands Global by 207.2% during the fourth quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 489 shares during the period. Longfellow Investment Management Co. LLC acquired a new position in Dine Brands Global during the fourth quarter worth $187,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Dine Brands Global by 127.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,254 shares of the restaurant operator’s stock worth $211,000 after acquiring an additional 2,381 shares during the period. Harbor Advisors LLC acquired a new position in Dine Brands Global during the fourth quarter worth $223,000. Finally, D.A. Davidson & CO. acquired a new position in Dine Brands Global during the third quarter worth $223,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

About Dine Brands Global

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.