Dine Brands Global (NYSE:DIN) Receives “Neutral” Rating from UBS Group

UBS Group restated their neutral rating on shares of Dine Brands Global (NYSE:DIN) in a research note released on Tuesday morning, Marketbeat reports. The brokerage currently has a $32.00 price objective on the restaurant operator’s stock, down from their prior price objective of $44.00.

A number of other equities research analysts have also weighed in on the stock. Barclays reissued an “equal weight” rating and set a $32.00 price objective (down from $43.00) on shares of Dine Brands Global in a report on Tuesday. StockNews.com downgraded Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Piper Sandler reduced their price objective on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. KeyCorp dropped their target price on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, October 18th. Finally, Benchmark reissued a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.43.

Dine Brands Global Price Performance

Dine Brands Global stock opened at $27.35 on Tuesday. The business has a fifty day moving average price of $32.10 and a 200-day moving average price of $32.21. Dine Brands Global has a 1-year low of $26.85 and a 1-year high of $51.35. The stock has a market capitalization of $416.98 million, a price-to-earnings ratio of 4.55 and a beta of 1.75.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. The business had revenue of $195.00 million for the quarter, compared to analyst estimates of $198.40 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The company’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.46 earnings per share. On average, equities research analysts anticipate that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.04 annualized dividend and a yield of 7.46%. Dine Brands Global’s dividend payout ratio is presently 33.94%.

Hedge Funds Weigh In On Dine Brands Global

Several large investors have recently made changes to their positions in the company. Nordea Investment Management AB grew its position in Dine Brands Global by 4.1% during the fourth quarter. Nordea Investment Management AB now owns 160,378 shares of the restaurant operator’s stock valued at $4,847,000 after buying an additional 6,324 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Dine Brands Global by 164.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 95,399 shares of the restaurant operator’s stock worth $2,979,000 after acquiring an additional 59,360 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Dine Brands Global in the 3rd quarter valued at about $686,000. Barclays PLC raised its holdings in Dine Brands Global by 135.4% in the 3rd quarter. Barclays PLC now owns 35,946 shares of the restaurant operator’s stock worth $1,123,000 after purchasing an additional 20,673 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Dine Brands Global by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 349,949 shares of the restaurant operator’s stock worth $10,932,000 after purchasing an additional 3,584 shares during the period. 92.83% of the stock is currently owned by institutional investors and hedge funds.

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.