Dine Brands Global (NYSE:DIN) Reaches New 1-Year Low at $41.29

Dine Brands Global, Inc. (NYSE:DIN)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $41.29 and last traded at $41.29, with a volume of 16417 shares. The stock had previously closed at $43.58.

Analyst Ratings Changes

Several brokerages have recently issued reports on DIN. StockNews.com upgraded shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. KeyCorp lowered their price objective on shares of Dine Brands Global from $57.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. Wedbush raised their target price on Dine Brands Global from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Truist Financial raised their target price on Dine Brands Global from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Finally, Benchmark lifted their price objective on Dine Brands Global from $63.00 to $68.00 and gave the company a “buy” rating in a report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.43.

Dine Brands Global Stock Up 0.4 %

The stock has a fifty day moving average of $45.64 and a 200-day moving average of $46.19. The firm has a market capitalization of $676.38 million, a P/E ratio of 6.99 and a beta of 1.68.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, February 28th. The restaurant operator reported $1.40 earnings per share (EPS) 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 business had revenue of $206.30 million during the quarter, compared to analysts’ expectations of $206.24 million. During the same period in the previous year, the business posted $1.34 earnings per share. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, analysts forecast that Dine Brands Global, Inc. will post 6.46 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Wednesday, March 20th were given a dividend of $0.51 per share. The ex-dividend date was Tuesday, March 19th. This represents a $2.04 annualized dividend and a dividend yield of 4.66%. Dine Brands Global’s payout ratio is currently 32.74%.

Hedge Funds Weigh In On Dine Brands Global

Several institutional investors and hedge funds have recently modified their holdings of DIN. Quarry LP lifted its stake in Dine Brands Global by 207.2% in the 4th quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 489 shares in the last quarter. Headlands Technologies LLC raised its stake in Dine Brands Global by 438.7% in the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 623 shares during the period. Longfellow Investment Management Co. LLC acquired a new position in Dine Brands Global in the 4th quarter valued at $187,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Dine Brands Global by 127.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,254 shares of the restaurant operator’s stock valued at $211,000 after buying an additional 2,381 shares in the last quarter. Finally, Harbor Advisors LLC acquired a new position in Dine Brands Global in the 4th quarter valued at $223,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

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.