Dine Brands Global (DIN) Upgraded at ValuEngine

ValuEngine upgraded shares of Dine Brands Global (NYSE:DIN) from a hold rating to a buy rating in a research report released on Wednesday.

A number of other research analysts also recently weighed in on DIN. Zacks Investment Research downgraded shares of Dine Brands Global from a hold rating to a sell rating in a research report on Wednesday, November 21st. TheStreet upgraded shares of Dine Brands Global from a d+ rating to a c+ rating in a research report on Friday, November 2nd. Maxim Group restated a buy rating and set a $101.00 price objective (up previously from $95.00) on shares of Dine Brands Global in a research report on Wednesday, August 1st. Finally, Raymond James downgraded shares of Dine Brands Global from a strong-buy rating to an outperform rating and increased their price target for the stock from $92.50 to $108.00 in a research report on Monday, September 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Dine Brands Global currently has a consensus rating of Hold and a consensus target price of $104.00.

Shares of Dine Brands Global stock opened at $89.18 on Wednesday. The company has a market cap of $1.58 billion, a P/E ratio of 21.49 and a beta of -0.06. Dine Brands Global has a twelve month low of $44.15 and a twelve month high of $95.09.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, October 31st. The restaurant operator reported $1.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.01. The company had revenue of $194.10 million for the quarter, compared to the consensus estimate of $185.98 million. Dine Brands Global had a net margin of 19.41% and a negative return on equity of 40.87%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 earnings per share. On average, equities analysts expect that Dine Brands Global will post 5.25 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Shareholders of record on Thursday, December 20th will be given a $0.63 dividend. The ex-dividend date is Wednesday, December 19th. This represents a $2.52 annualized dividend and a yield of 2.83%. Dine Brands Global’s payout ratio is presently 60.72%.

In other Dine Brands Global news, Director Larry Alan Kay sold 400 shares of the stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $90.32, for a total value of $36,128.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Bryan R. Adel sold 10,488 shares of the stock in a transaction that occurred 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 owns 26,895 shares in the company, valued at $2,407,102.50. The disclosure for this sale can be found here. 2.75% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Dine Brands Global by 3.5% in the third quarter. BlackRock Inc. now owns 2,468,715 shares of the restaurant operator’s stock worth $200,729,000 after acquiring an additional 83,749 shares during the period. Vanguard Group Inc. increased its stake in shares of Dine Brands Global by 4.6% in the third quarter. Vanguard Group Inc. now owns 2,249,620 shares of the restaurant operator’s stock worth $182,917,000 after purchasing an additional 98,950 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Dine Brands Global by 0.4% in the third quarter. Wells Fargo & Company MN now owns 1,167,845 shares of the restaurant operator’s stock worth $94,957,000 after purchasing an additional 4,116 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Dine Brands Global by 16.3% in the third quarter. Victory Capital Management Inc. now owns 716,170 shares of the restaurant operator’s stock worth $58,232,000 after purchasing an additional 100,200 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Dine Brands Global by 6.4% in the third quarter. Bank of New York Mellon Corp now owns 490,425 shares of the restaurant operator’s stock worth $39,876,000 after purchasing an additional 29,617 shares in the last quarter.

About Dine Brands Global

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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