Brokerages Set Dine Brands Global Inc (DIN) PT at $111.50

Shares of Dine Brands Global Inc (NYSE:DIN) have received an average recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $111.50.

DIN has been the topic of a number of analyst reports. Zacks Investment Research downgraded Dine Brands Global from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Maxim Group reissued a “buy” rating and issued a $101.00 price target (up previously from $95.00) on shares of Dine Brands Global in a research note on Wednesday, August 1st. Finally, Raymond James downgraded Dine Brands Global from a “strong-buy” rating to an “outperform” rating and increased their price target for the company from $92.50 to $108.00 in a research note on Monday, September 10th.

DIN stock opened at $79.64 on Friday. The firm has a market capitalization of $1.40 billion, a PE ratio of 20.27 and a beta of 0.06. Dine Brands Global has a twelve month low of $42.05 and a twelve month high of $95.00.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, August 1st. The restaurant operator reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.05. The company had revenue of $184.47 million for the quarter, compared to the consensus estimate of $186.92 million. Dine Brands Global had a negative return on equity of 35.19% and a negative net margin of 50.50%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.34 EPS. Sell-side analysts forecast that Dine Brands Global will post 5.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Thursday, December 20th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Wednesday, December 19th. Dine Brands Global’s dividend payout ratio is currently 60.72%.

In related news, Director Larry Alan Kay sold 415 shares of the company’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $71.81, for a total value of $29,801.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Bryan R. Adel sold 10,488 shares of the company’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $89.50, for a total transaction of $938,676.00. Following the completion of the sale, the senior vice president now owns 26,895 shares of the company’s stock, valued at approximately $2,407,102.50. The disclosure for this sale can be found here. 2.75% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. bought a new stake in shares of Dine Brands Global in the 3rd quarter valued at $409,000. Waratah Capital Advisors Ltd. bought a new position in Dine Brands Global during the 3rd quarter worth about $7,011,000. Robeco Institutional Asset Management B.V. increased its holdings in Dine Brands Global by 8.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 10,743 shares of the restaurant operator’s stock worth $809,000 after purchasing an additional 832 shares in the last quarter. First Trust Advisors LP increased its holdings in Dine Brands Global by 23.7% during the 3rd quarter. First Trust Advisors LP now owns 58,734 shares of the restaurant operator’s stock worth $4,776,000 after purchasing an additional 11,243 shares in the last quarter. Finally, Tompkins Financial Corp bought a new position in Dine Brands Global during the 3rd quarter worth about $109,000.

About Dine Brands Global

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.

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