Dine Brands Global (NYSE:DIN) Shares Up 17.1% – Still a Buy?

Shares of Dine Brands Global, Inc. (NYSE:DIN) rose 17.1% during mid-day trading on Wednesday . The company traded as high as $36.61 and last traded at $36.48. Approximately 687,904 shares were traded during trading, an increase of 59% from the average daily volume of 432,748 shares. The stock had previously closed at $31.16.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Truist Financial reaffirmed a “hold” rating and issued a $37.00 target price (down from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. KeyCorp cut their price objective on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. CL King lowered shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday. UBS Group dropped their price target on shares of Dine Brands Global from $56.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Benchmark restated a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Dine Brands Global presently has an average rating of “Hold” and a consensus target price of $46.43.

Dine Brands Global Stock Performance

The company has a fifty day moving average price of $31.00 and a 200-day moving average price of $35.04. The firm has a market capitalization of $550.49 million, a PE ratio of 6.04 and a beta of 1.71.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.07. The firm had revenue of $206.30 million for the quarter, compared to analysts’ expectations of $210.46 million. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.82 EPS. On average, equities analysts predict that Dine Brands Global, Inc. will post 5.77 earnings per share for the current year.

Dine Brands Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 5.67%. The ex-dividend date was Friday, September 20th. Dine Brands Global’s dividend payout ratio (DPR) is presently 34.23%.

Institutional Investors Weigh In On Dine Brands Global

Several large investors have recently modified their holdings of the business. Summit Securities Group LLC purchased a new position in shares of Dine Brands Global in the 2nd quarter worth approximately $35,000. Headlands Technologies LLC grew its holdings in Dine Brands Global by 438.7% in the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 623 shares during the last quarter. Quarry LP increased its position in shares of Dine Brands Global by 32.8% during the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock worth $83,000 after purchasing an additional 567 shares in the last quarter. Signaturefd LLC grew its stake in Dine Brands Global by 383.4% during the 3rd quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock worth $93,000 after buying an additional 2,358 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Dine Brands Global during the 2nd quarter valued at about $111,000. Institutional investors 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.