Dine Brands Global, Inc. (NYSE:DIN – Get Rating) – Wedbush dropped its first quarter 2022 EPS estimates for Dine Brands Global in a report released on Friday, February 25. Wedbush analyst N. Setyan now expects the restaurateur to post earnings of $1.70 per share for the quarter, down from its previous forecast of $1.71. Wedbush currently has a “Buy” rating and a target price of $105.00 on the stock.
A number of other research firms have also weighed in on DIN recently. Barclays lowered its price target on Dine Brands Global shares from $108.00 to $100.00 and set an “overweight” rating on the stock in a Wednesday, December 15 report. Zacks Investment Research moved shares of Dine Brands Global from a “hold” rating to a “sell” rating in a Monday, Jan. 24, report. KeyCorp lowered its price target on Dine Brands Global shares from $110.00 to $84.00 and set an “overweight” rating on the stock in a Friday, January 21 report. MKM Partners raised its price target on Dine Brands Global shares from $92.00 to $98.00 and gave the company a “neutral” rating in a report on Friday, November 5. Finally, Deutsche Bank Aktiengesellschaft raised its price target on Dine Brands Global shares from $93.00 to $99.00 and gave the company a “buy” rating in a report on Friday, November 5. One analyst has assigned the stock a sell rating, one has issued a hold rating and eight have assigned the company’s stock a buy rating. According to MarketBeat.com, Dine Brands Global has a consensus rating of “Buy” and a consensus price target of $101.70.
Shares of Dine Brands Global opened at $84.09 on Monday. Dine Brands Global has a 1-year low of $61.38 and a 1-year high of $100.70. The company’s 50-day moving average is $75.35 and its two-hundred-day moving average is $78.90. The stock has a market capitalization of $1.45 billion, a price/earnings ratio of 18.98 and a beta of 2.06.
Major investors have recently been buying and selling shares of the company. Divisadero Street Capital Management LP bought a new stock position in Dine Brands Global during Q4, valued at around $34,000. Consolidated Planning Corp acquired a new stake in Dine Brands Global in Q3 for $58,000. O Shaughnessy Asset Management LLC acquired a new stake in Dine Brands Global in Q3 worth $67,000. Maverick Capital Ltd. increased its stake in Dine Brands Global by 134.8% in Q2. Maverick Capital Ltd. now owns 1,470 shares of the restaurateur worth $131,000 after acquiring 844 additional shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in Dine Brands Global by 14.5% in the second quarter. Federated Hermes Inc. now owns 1,921 shares of the restaurateur worth $171,000 after acquiring 243 additional shares last quarter. 86.47% of the shares are held by hedge funds and other institutional investors.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 1. Shareholders of record on Monday, March 21 will receive a dividend of $0.46 per share. The ex-dividend date is Friday, March 18. This is a positive change from Dine Brands Global’s previous quarterly dividend of $0.40. This represents a dividend of $1.84 on an annualized basis and a yield of 2.19%. Dine Brands Global’s dividend payout ratio (DPR) is currently 36.12%.
About Dine Brands Global (Get a rating)
Dine Brands Global, Inc. owns and franchises casual and family restaurants. It operates through the following segments: franchise, rental, company restaurant and financing operations. The Franchise Operations segment includes royalties, fees and other revenues from Applebee’s and IHOP franchised and licensed restaurants.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Dine Brands Global right now?
Before you consider Dine Brands Global, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Dine Brands Global didn’t make the list.
Although Dine Brands Global currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here