StockNews.com Lowers Dine Brands Global (NYSE:DIN) to Hold

StockNews.com downgraded shares of Dine Brands Global (NYSE:DIN) from a buy rating to a hold rating in a report issued on Friday morning.

DIN has been the topic of a number of other research reports. Piper Sandler dropped their price target on Dine Brands Global from $49.00 to $48.00 and set a neutral rating on the stock in a research note on Thursday, May 9th. Truist Financial cut their price target on shares of Dine Brands Global from $71.00 to $66.00 and set a buy rating on the stock in a research note on Thursday, August 8th. KeyCorp lowered their price objective on shares of Dine Brands Global from $40.00 to $37.00 and set an overweight rating for the company in a research note on Thursday, August 8th. Barclays cut their target price on Dine Brands Global from $54.00 to $38.00 and set an overweight rating on the stock in a research report on Thursday, August 8th. Finally, UBS Group reduced their target price on Dine Brands Global from $56.00 to $51.00 and set a buy rating for the company in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $48.86.

Dine Brands Global Stock Up 0.4 %

NYSE:DIN opened at $32.37 on Friday. The stock has a market capitalization of $498.66 million, a price-to-earnings ratio of 5.76 and a beta of 1.74. Dine Brands Global has a 52 week low of $29.25 and a 52 week high of $56.93. The firm has a 50 day moving average of $34.49 and a 200 day moving average of $40.94.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.71 EPS for the quarter, beating the consensus estimate of $1.64 by $0.07. Dine Brands Global had a negative return on equity of 35.31% and a net margin of 10.59%. The firm had revenue of $206.30 million during the quarter, compared to analyst estimates of $210.46 million. During the same quarter in the prior year, the business posted $1.82 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, analysts expect that Dine Brands Global will post 6.16 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Quarry LP increased its stake in shares of Dine Brands Global by 207.2% in the 4th quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 489 shares in the last quarter. Headlands Technologies LLC increased its position in shares of Dine Brands Global by 438.7% in the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 623 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Dine Brands Global during the 2nd quarter worth approximately $35,000. EntryPoint Capital LLC purchased a new position in shares of Dine Brands Global during the 1st quarter valued at approximately $132,000. Finally, EMC Capital Management purchased a new position in shares of Dine Brands Global during the 1st quarter valued at approximately $137,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

About Dine Brands Global

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.