Dine Brands Global (NYSE:DIN) Price Target Lowered to $38.00 at Piper Sandler

Dine Brands Global (NYSE:DIN) had its target price decreased by Piper Sandler from $40.00 to $38.00 in a research note published on Monday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the restaurant operator’s stock.

Several other brokerages have also recently issued reports on DIN. CL King cut shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. StockNews.com downgraded Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Barclays increased their price objective on shares of Dine Brands Global from $38.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, KeyCorp decreased their price target 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. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Dine Brands Global currently has an average rating of “Hold” and a consensus price target of $44.71.

Dine Brands Global Trading Down 4.4 %

Shares of Dine Brands Global stock opened at $33.75 on Monday. The firm has a market cap of $514.61 million, a PE ratio of 5.71 and a beta of 1.71. The stock has a 50 day moving average of $31.49 and a 200 day moving average of $34.48. Dine Brands Global has a 12 month low of $28.25 and a 12 month high of $52.05.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, beating 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 firm had revenue of $195.00 million during the quarter, compared to the consensus estimate of $198.40 million. During the same period in the prior year, the company earned $1.46 EPS. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, equities research analysts forecast that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 6.05%. The ex-dividend date of this dividend was Friday, September 20th. Dine Brands Global’s payout ratio is 33.94%.

Institutional Investors Weigh In On Dine Brands Global

Several large investors have recently modified their holdings of the business. Clearline Capital LP raised its stake in Dine Brands Global by 225.0% in the second quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock worth $4,510,000 after buying an additional 86,241 shares in the last quarter. Olstein Capital Management L.P. lifted its stake in shares of Dine Brands Global by 25.1% during the 3rd quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock worth $9,438,000 after purchasing an additional 60,605 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in Dine Brands Global by 19.8% during the second quarter. Cubist Systematic Strategies LLC now owns 148,286 shares of the restaurant operator’s stock valued at $5,368,000 after purchasing an additional 24,556 shares in the last quarter. LSV Asset Management grew its stake in Dine Brands Global by 2.8% in the second quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock valued at $23,932,000 after purchasing an additional 18,200 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp bought a new position in Dine Brands Global in the second quarter worth about $358,000. 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.