Dine Brands Global (NYSE:DIN) PT Lowered to $40.00 at KeyCorp

Dine Brands Global (NYSE:DIN) had its target price trimmed by KeyCorp from $50.00 to $40.00 in a research note issued to investors on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the restaurant operator’s stock.

A number of other research analysts have also commented on the company. StockNews.com upgraded Dine Brands Global from a hold rating to a buy rating in a report on Friday, May 3rd. Wedbush decreased their price target on shares of Dine Brands Global from $48.00 to $46.00 and set a neutral rating on the stock in a research report on Thursday, May 9th. Piper Sandler cut their price objective on shares of Dine Brands Global from $49.00 to $48.00 and set a neutral rating for the company in a research report on Thursday, May 9th. Finally, Barclays decreased their target price on Dine Brands Global from $57.00 to $54.00 and set an overweight rating on the stock in a research report on Thursday, May 9th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $56.86.

Dine Brands Global Trading Up 5.3 %

NYSE DIN opened at $33.35 on Tuesday. Dine Brands Global has a 1 year low of $31.24 and a 1 year high of $60.98. The company has a fifty day simple moving average of $38.61 and a 200 day simple moving average of $43.47. The company has a market cap of $513.59 million, a P/E ratio of 5.93 and a beta of 1.74.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, May 8th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.26). Dine Brands Global had a net margin of 10.59% and a negative return on equity of 35.31%. The firm had revenue of $206.24 million for the quarter, compared to the consensus estimate of $210.54 million. During the same quarter last year, the company earned $1.97 earnings per share. The firm’s revenue was down 3.5% on a year-over-year basis. Equities research analysts forecast that Dine Brands Global will post 6.18 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Thursday, June 20th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.12%. Dine Brands Global’s payout ratio is presently 36.30%.

Institutional Investors Weigh In On Dine Brands Global

Large investors have recently made changes to their positions in the company. Olstein Capital Management L.P. grew its holdings in shares of Dine Brands Global by 6.9% during the second quarter. Olstein Capital Management L.P. now owns 241,600 shares of the restaurant operator’s stock worth $8,746,000 after purchasing an additional 15,600 shares during the last quarter. CWM LLC grew its holdings in Dine Brands Global by 1,093.9% during the 2nd quarter. CWM LLC now owns 3,331 shares of the restaurant operator’s stock worth $121,000 after acquiring an additional 3,052 shares during the last quarter. Virtu Financial LLC grew its holdings in Dine Brands Global by 17.5% during the 1st quarter. Virtu Financial LLC now owns 7,515 shares of the restaurant operator’s stock worth $349,000 after acquiring an additional 1,120 shares during the last quarter. EMC Capital Management acquired a new stake in Dine Brands Global in the 1st quarter valued at about $137,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Dine Brands Global by 5.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,226 shares of the restaurant operator’s stock worth $1,359,000 after acquiring an additional 1,424 shares during the last quarter. Institutional investors 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.