Dine Brands Global, Inc. (NYSE:DIN) Receives Average Recommendation of “Buy” from Brokerages

Dine Brands Global, Inc. (NYSE:DIN) has received an average recommendation of “Buy” from the twelve research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $106.64.

DIN has been the subject of several recent research reports. Barclays cut their price target on Dine Brands Global from $108.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, December 15th. MKM Partners increased their price target on Dine Brands Global from $92.00 to $98.00 and gave the company a “neutral” rating in a report on Friday, November 5th. Benchmark initiated coverage on Dine Brands Global in a research note on Thursday, December 2nd. They set a “buy” rating and a $115.00 target price for the company. Zacks Investment Research raised Dine Brands Global from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Wednesday, January 5th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Dine Brands Global from $93.00 to $99.00 and gave the stock a “buy” rating in a research note on Friday, November 5th.

Several institutional investors and hedge funds have recently bought and sold shares of DIN. Consolidated Planning Corp acquired a new stake in shares of Dine Brands Global during the third quarter worth about $58,000. O Shaughnessy Asset Management LLC acquired a new position in Dine Brands Global during the 3rd quarter worth approximately $67,000. Advisory Services Network LLC acquired a new position in Dine Brands Global during the 2nd quarter worth approximately $89,000. Maverick Capital Ltd. increased its position in Dine Brands Global by 134.8% during the 2nd quarter. Maverick Capital Ltd. now owns 1,470 shares of the restaurant operator’s stock worth $131,000 after purchasing an additional 844 shares during the period. Finally, Federated Hermes Inc. increased its position in Dine Brands Global by 14.5% during the 2nd quarter. Federated Hermes Inc. now owns 1,921 shares of the restaurant operator’s stock worth $171,000 after purchasing an additional 243 shares during the period. Institutional investors and hedge funds own 89.13% of the company’s stock.

NYSE DIN opened at $72.26 on Friday. The company has a market cap of $1.24 billion, a PE ratio of 16.31 and a beta of 2.06. The stock’s 50 day simple moving average is $78.60 and its 200-day simple moving average is $80.59. Dine Brands Global has a 1-year low of $68.09 and a 1-year high of $100.70.

Dine Brands Global (NYSE:DIN) last released its earnings results on Thursday, November 4th. The restaurant operator reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.19. The business had revenue of $228.72 million for the quarter, compared to the consensus estimate of $223.47 million. Dine Brands Global had a negative return on equity of 31.66% and a net margin of 8.87%. The business’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 earnings per share. Research analysts forecast that Dine Brands Global will post 6.48 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 7th. Shareholders of record on Monday, December 20th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Friday, December 17th. Dine Brands Global’s dividend payout ratio (DPR) is 36.12%.

Dine Brands Global Company Profile

Dine Brands Global, Inc owns and franchises casual and family dining restaurants. It operates through the following segments: Franchise, Rental, Company Restaurant, and Financing Operations. The Franchise Operations segment comprises of royalties, fees, and other income for Applebee’s and IHOP franchised and area licensed restaurants.

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Analyst Recommendations for Dine Brands Global (NYSE:DIN)

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