Dine Brands Global (NYSE:DIN) Receives “Outperform” Rating from Wedbush

Wedbush reissued their outperform rating on shares of Dine Brands Global (NYSE:DIN) in a research note released on Thursday,Benzinga reports. Wedbush currently has a $47.00 price target on the restaurant operator’s stock. Wedbush also issued estimates for Dine Brands Global’s FY2024 earnings at $5.88 EPS, Q1 2025 earnings at $1.40 EPS and Q3 2025 earnings at $1.56 EPS.

A number of other equities research analysts have also recently issued reports on the stock. KeyCorp dropped their price target on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. StockNews.com cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. UBS Group decreased their price target on shares of Dine Brands Global from $56.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Barclays cut their price objective on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, CL King downgraded Dine Brands Global from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $46.14.

Dine Brands Global Stock Down 2.2 %

DIN stock opened at $34.45 on Thursday. Dine Brands Global has a 52-week low of $28.25 and a 52-week high of $52.05. The firm has a market cap of $527.09 million, a P/E ratio of 5.73 and a beta of 1.71. The company’s 50-day simple moving average is $31.13 and its 200-day simple moving average is $34.90.

Dine Brands Global (NYSE:DIN) last released 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. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The company had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $198.40 million. During the same quarter in the prior year, the firm posted $1.46 EPS. Dine Brands Global’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, analysts anticipate that Dine Brands Global will post 5.77 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 20th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 5.92%. The ex-dividend date of this dividend was Friday, September 20th. Dine Brands Global’s payout ratio is 33.94%.

Institutional Trading of Dine Brands Global

Large investors have recently made changes to their positions in the company. Summit Securities Group LLC purchased a new stake in shares of Dine Brands Global during the second quarter worth approximately $35,000. Headlands Technologies LLC grew its holdings 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 buying an additional 623 shares in the last quarter. Quarry LP grew its holdings in Dine Brands Global by 32.8% in the 2nd quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock valued at $83,000 after buying an additional 567 shares in the last quarter. Signaturefd LLC grew its holdings in Dine Brands Global by 383.4% in the 3rd quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock valued at $93,000 after buying an additional 2,358 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Dine Brands Global in the 2nd quarter valued at $111,000. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

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.