Dine Brands Global, Inc. (NYSE:DIN - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $31.23, but opened at $33.87. Dine Brands Global shares last traded at $35.57, with a volume of 169,302 shares changing hands.
DIN has been the subject of a number of research analyst reports. Benchmark lowered shares of Dine Brands Global from a "buy" rating to a "hold" rating in a research note on Thursday, August 8th. KeyCorp dropped their target price on Dine Brands Global from $40.00 to $37.00 and set an "overweight" rating on the stock in a report on Thursday, August 8th. StockNews.com raised Dine Brands Global from a "hold" rating to a "buy" rating in a research note on Monday, September 2nd. Truist Financial dropped their price objective on Dine Brands Global from $71.00 to $66.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Finally, UBS Group decreased their target price on Dine Brands Global from $56.00 to $51.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $50.71.
Get Our Latest Stock Report on DIN
The firm has a market capitalization of $539.48 million, a PE ratio of 6.26 and a beta of 1.72. The firm's 50-day moving average price is $31.60 and its two-hundred day moving average price is $37.49.
Dine Brands Global (NYSE:DIN - Get Free Report) last released its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.07. The company had revenue of $206.30 million during the quarter, compared to analyst estimates of $210.46 million. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The company's revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 earnings per share. Equities research analysts forecast that Dine Brands Global, Inc. will post 5.86 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Friday, September 20th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date of this dividend is Friday, September 20th. Dine Brands Global's payout ratio is presently 36.30%.
Institutional investors have recently modified their holdings of the stock. First Eagle Investment Management LLC raised its holdings in shares of Dine Brands Global by 9.9% during the first quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator's stock worth $12,086,000 after acquiring an additional 23,400 shares in the last quarter. Harvest Investment Advisors LLC raised its stake in shares of Dine Brands Global by 4.5% during the 4th quarter. Harvest Investment Advisors LLC now owns 26,979 shares of the restaurant operator's stock worth $1,340,000 after purchasing an additional 1,169 shares in the last quarter. Quantbot Technologies LP lifted its holdings in shares of Dine Brands Global by 58.7% during the 1st quarter. Quantbot Technologies LP now owns 12,320 shares of the restaurant operator's stock valued at $573,000 after buying an additional 4,557 shares during the last quarter. Headlands Technologies LLC grew its stake in shares of 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. Finally, Clearline Capital LP increased its holdings 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 during the last quarter. Institutional investors and hedge funds own 92.83% of the company's stock.
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.
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