Benchmark Downgrades Dine Brands Global (NYSE:DIN) to Hold

Benchmark cut shares of Dine Brands Global (NYSE:DIN) from a buy rating to a hold rating in a research report sent to investors on Thursday morning, MarketBeat Ratings reports.

Several other equities analysts also recently issued reports on DIN. Piper Sandler cut their target price on Dine Brands Global from $49.00 to $48.00 and set a neutral rating on the stock in a research report on Thursday, May 9th. StockNews.com lowered shares of Dine Brands Global from a buy rating to a hold rating in a research note on Wednesday. Wedbush decreased their price target on shares of Dine Brands Global from $46.00 to $37.00 and set a neutral rating on the stock in a research note on Tuesday, July 30th. Barclays decreased their price target on shares of Dine Brands Global from $57.00 to $54.00 and set an overweight rating on the stock in a research note on Thursday, May 9th. Finally, KeyCorp decreased their target price on shares of Dine Brands Global from $50.00 to $40.00 and set an overweight rating on the stock in a research note on Tuesday, July 9th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and an average price target of $48.86.

Dine Brands Global Price Performance

Shares of DIN traded up $0.44 during mid-day trading on Thursday, reaching $30.19. 669,082 shares of the company’s stock traded hands, compared to its average volume of 353,400. The stock has a market cap of $465.08 million, a P/E ratio of 5.32 and a beta of 1.74. The stock’s 50-day moving average is $35.45 and its two-hundred day moving average is $41.66. Dine Brands Global has a 12 month low of $29.25 and a 12 month high of $58.51.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.07. The company had revenue of $206.30 million during the quarter, compared to analyst estimates of $210.46 million. Dine Brands Global had a negative return on equity of 35.31% and a net margin of 10.59%. Dine Brands Global’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.82 earnings per share. Research analysts predict that Dine Brands Global will post 6.16 earnings per share for the current year.

Dine Brands Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Thursday, June 20th were paid a $0.51 dividend. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $2.04 dividend on an annualized basis and a yield of 6.76%. Dine Brands Global’s dividend payout ratio is presently 36.30%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP grew its position 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 buying an additional 489 shares during the period. Headlands Technologies LLC grew its position in Dine Brands Global by 438.7% during the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after buying an additional 623 shares during the period. Summit Securities Group LLC acquired a new position in Dine Brands Global during the second quarter worth about $35,000. EntryPoint Capital LLC acquired a new position in Dine Brands Global during the first quarter worth about $132,000. Finally, EMC Capital Management acquired a new position in Dine Brands Global during the first quarter worth about $137,000. 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.