Dine Brands Global, Inc. (NYSE:DIN) Given Average Recommendation of “Hold” by Brokerages

Shares of Dine Brands Global, Inc. (NYSE:DIN) have been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $41.29.

Several equities analysts have recently issued reports on DIN shares. CL King downgraded shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Barclays reissued an “equal weight” rating and set a $32.00 target price (down from $43.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. Wedbush restated an “outperform” rating and issued a $47.00 price target on shares of Dine Brands Global in a research note on Friday, November 15th. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. Finally, Piper Sandler lowered their target price on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th.

Dine Brands Global Stock Down 0.9 %

Shares of NYSE DIN opened at $27.29 on Thursday. The stock has a market capitalization of $416.11 million, a P/E ratio of 4.54 and a beta of 1.75. The stock’s 50 day moving average price is $29.04 and its two-hundred day moving average price is $30.91. Dine Brands Global has a 52-week low of $25.67 and a 52-week high of $51.35.

Dine Brands Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 20th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date of this dividend was Friday, December 20th. Dine Brands Global’s dividend payout ratio (DPR) is currently 33.94%.

Institutional Investors Weigh In On Dine Brands Global

A number of institutional investors have recently bought and sold shares of the business. Point72 DIFC Ltd bought a new position in shares of Dine Brands Global during the third quarter valued at $29,000. Mountain Hill Investment Partners Corp. acquired a new stake in Dine Brands Global in the fourth quarter worth about $30,000. Ancora Advisors LLC bought a new stake in shares of Dine Brands Global during the fourth quarter worth approximately $40,000. EMC Capital Management boosted its position in shares of Dine Brands Global by 2,570.0% in the 4th quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator’s stock worth $88,000 after purchasing an additional 2,827 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Dine Brands Global in the 4th quarter valued at approximately $89,000. Institutional investors and hedge funds 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.