Dine Brands Global (NYSE:DIN) Price Target Cut to $92.00 by Analysts at Truist Financial

Dine Brands Global (NYSE:DIN – Get Rating) had its price objective reduced by Truist Financial from $100.00 to $92.00 in a research report released on Friday morning, The Fly reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other analysts have also recently commented on the company. Raymond James cut Dine Brands Global from an outperform rating to a market perform rating in a research report on Tuesday, January 24th. Barclays boosted their price target on Dine Brands Global from $80.00 to $84.00 and gave the stock an overweight rating in a research report on Thursday. Wedbush reissued an outperform rating and issued a $85.00 price target on shares of Dine Brands Global in a research report on Thursday. Finally, KeyCorp boosted their price target on Dine Brands Global from $82.00 to $84.00 and gave the stock an overweight rating in a research report on Thursday, November 3rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $85.67.

Dine Brands Global Stock Performance

Dine Brands Global stock opened at $74.94 on Friday. The stock’s 50 day simple moving average is $74.81 and its two-hundred day simple moving average is $71.54. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 15.17 and a beta of 1.87. Dine Brands Global has a fifty-two week low of $61.03 and a fifty-two week high of $82.43.

Dine Brands Global (NYSE:DIN – Get Rating) last posted its quarterly earnings data on Wednesday, March 1st. The restaurant operator reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.13. The business had revenue of $208.00 million for the quarter, compared to analysts’ expectations of $213.26 million. Dine Brands Global had a negative return on equity of 34.24% and a net margin of 8.92%. The business’s revenue was down 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.32 EPS. On average, analysts predict that Dine Brands Global will post 6.91 earnings per share for the current year.

Dine Brands Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Monday, March 20th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, March 17th. This represents a $2.04 annualized dividend and a yield of 2.72%. Dine Brands Global’s dividend payout ratio (DPR) is presently 41.30%.

Insider Activity at Dine Brands Global

In related news, Director Larry Alan Kay sold 1,400 shares of the company’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $69.57, for a total value of $97,398.00. Following the transaction, the director now directly owns 6,696 shares of the company’s stock, valued at approximately $465,840.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dine Brands Global

Hedge funds have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can raised its stake in Dine Brands Global by 10.6% during the 3rd quarter. Great West Life Assurance Co. Can now owns 18,047 shares of the restaurant operator’s stock valued at $1,146,000 after buying an additional 1,726 shares during the last quarter. GW Henssler & Associates Ltd. raised its stake in Dine Brands Global by 16.7% during the 3rd quarter. GW Henssler & Associates Ltd. now owns 4,563 shares of the restaurant operator’s stock valued at $290,000 after buying an additional 652 shares during the last quarter. Kestrel Investment Management Corp raised its stake in Dine Brands Global by 276.8% during the 2nd quarter. Kestrel Investment Management Corp now owns 80,550 shares of the restaurant operator’s stock valued at $5,242,000 after buying an additional 59,175 shares during the last quarter. Samlyn Capital LLC raised its stake in Dine Brands Global by 17.6% during the 3rd quarter. Samlyn Capital LLC now owns 460,202 shares of the restaurant operator’s stock valued at $29,251,000 after buying an additional 68,902 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Dine Brands Global during the 3rd quarter valued at $1,671,000. 95.20% of the stock is currently owned by hedge funds and other institutional investors.

About Dine Brands Global

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Dine Brands Global, Inc owns and franchises casual and family dining restaurants. It operates through the following segments: Franchise, Rental, Company Restaurant, and Financing Operations. The Franchise Operations segment consists of royalties, fees, and other income for Applebee’s and IHOP franchised and area licensed restaurants.