Dine Brands Global (DIN) Downgraded by ValuEngine

ValuEngine cut shares of Dine Brands Global (NYSE:DIN) from a buy rating to a hold rating in a research note released on Friday morning.

Several other analysts have also recently commented on the company. Raymond James cut Dine Brands Global from a strong-buy rating to an outperform rating and raised their price target for the company from $92.50 to $108.00 in a report on Monday, September 10th. Zacks Investment Research raised Dine Brands Global from a hold rating to a buy rating and set a $89.00 price target for the company in a report on Wednesday, August 22nd. Maxim Group raised their price target on Dine Brands Global from $101.00 to $115.00 and gave the company a buy rating in a report on Friday, September 28th. Finally, TheStreet raised Dine Brands Global from a d+ rating to a c+ rating in a report on Friday, November 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Dine Brands Global presently has a consensus rating of Hold and an average price target of $104.00.

DIN opened at $86.35 on Friday. The company has a market capitalization of $1.53 billion, a PE ratio of 20.81 and a beta of -0.06. Dine Brands Global has a 12 month low of $42.05 and a 12 month high of $95.09.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, October 31st. The restaurant operator reported $1.53 EPS for the quarter, beating the consensus estimate of $1.52 by $0.01. The business had revenue of $194.10 million during the quarter, compared to analysts’ expectations of $185.98 million. Dine Brands Global had a negative return on equity of 40.87% and a net margin of 19.41%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. Sell-side analysts anticipate that Dine Brands Global will post 5.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Thursday, December 20th will be issued a $0.63 dividend. The ex-dividend date is Wednesday, December 19th. This represents a $2.52 annualized dividend and a dividend yield of 2.92%. Dine Brands Global’s dividend payout ratio is currently 60.72%.

In related news, SVP Bryan R. Adel sold 10,488 shares of Dine Brands Global stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $89.50, for a total transaction of $938,676.00. Following the completion of the transaction, the senior vice president now directly owns 26,895 shares of the company’s stock, valued at $2,407,102.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Larry Alan Kay sold 400 shares of Dine Brands Global stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $90.32, for a total value of $36,128.00. The disclosure for this sale can be found here. 2.75% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Tompkins Financial Corp acquired a new position in Dine Brands Global during the third quarter worth $109,000. Point72 Hong Kong Ltd acquired a new position in Dine Brands Global during the second quarter worth $127,000. BlueMountain Capital Management LLC acquired a new position in Dine Brands Global during the third quarter worth $146,000. Beacon Investment Advisory Services Inc. acquired a new position in Dine Brands Global during the second quarter worth $207,000. Finally, Xact Kapitalforvaltning AB acquired a new position in Dine Brands Global during the second quarter worth $217,000.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.

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