Maxim Group reaffirmed their buy rating on shares of Dine Brands Global (NYSE:DIN) in a research note published on Tuesday, February 20th, Marketbeat Ratings reports. They currently have a $87.00 price objective on the restaurant operator’s stock, up from their previous price objective of $62.00.
“DineEquity (DIN) reported 4Q17 (September) pro forma EPS of $0.74, which were below our $0.77 estimate, but above the Street mean of $0.67.”,” Maxim Group’s analyst wrote.
Several other analysts have also issued reports on the company. ValuEngine lowered Dine Brands Global from a buy rating to a hold rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Dine Brands Global from a hold rating to a buy rating and set a $62.00 target price on the stock in a research note on Wednesday, January 31st. Finally, TheStreet lowered Dine Brands Global from a c rating to a d+ rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $68.14.
Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Tuesday, February 20th. The restaurant operator reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.10. The business had revenue of $148.78 million for the quarter, compared to analysts’ expectations of $147.98 million. Dine Brands Global had a positive return on equity of 230.88% and a negative net margin of 54.71%. The business’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.37 earnings per share. equities research analysts forecast that Dine Brands Global will post 5.09 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Investors of record on Monday, March 19th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Sunday, March 18th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.61%. Dine Brands Global’s payout ratio is -21.16%.
In related news, Director Larry Alan Kay sold 1,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $74.28, for a total transaction of $74,280.00. Following the sale, the director now directly owns 8,599 shares in the company, valued at approximately $638,733.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Bryan R. Adel sold 983 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $78.21, for a total value of $76,880.43. The disclosure for this sale can be found here. Insiders own 2.15% of the company’s stock.
A number of institutional investors have recently bought and sold shares of DIN. Teachers Advisors LLC grew its position in Dine Brands Global by 5.4% during the second quarter. Teachers Advisors LLC now owns 31,381 shares of the restaurant operator’s stock worth $1,382,000 after buying an additional 1,597 shares in the last quarter. Ameriprise Financial Inc. grew its position in Dine Brands Global by 4.7% during the second quarter. Ameriprise Financial Inc. now owns 105,438 shares of the restaurant operator’s stock worth $4,655,000 after buying an additional 4,713 shares in the last quarter. Nationwide Fund Advisors grew its position in Dine Brands Global by 74.6% during the second quarter. Nationwide Fund Advisors now owns 17,927 shares of the restaurant operator’s stock worth $790,000 after buying an additional 7,661 shares in the last quarter. New York State Common Retirement Fund grew its position in Dine Brands Global by 0.9% during the second quarter. New York State Common Retirement Fund now owns 25,412 shares of the restaurant operator’s stock worth $1,119,000 after buying an additional 215 shares in the last quarter. Finally, Northern Trust Corp grew its position in Dine Brands Global by 1.3% during the second quarter. Northern Trust Corp now owns 272,478 shares of the restaurant operator’s stock worth $12,003,000 after buying an additional 3,595 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.
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About Dine Brands Global
Dine Brands Global, Inc, formerly DineEquity, Inc, through its subsidiaries, owns and franchises the Applebee’s Neighborhood Grill & Bar (Applebee’s) concept in the bar and grill segment within the casual dining category of the restaurant industry. The Company owns, franchises and operates the International House of Pancakes (IHOP) concept in the family dining category of the restaurant industry.
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