Dine Brands Global (NYSE:DIN) Price Target Cut to $36.00

Dine Brands Global (NYSE:DIN) had its target price reduced by investment analysts at KeyCorp from $37.00 to $36.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the restaurant operator’s stock. KeyCorp’s price objective indicates a potential upside of 9.02% from the stock’s current price.

Several other equities analysts have also recently commented on DIN. Benchmark cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. UBS Group dropped their price objective on shares of 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. Truist Financial restated a “hold” rating and issued a $37.00 price objective (down previously from $66.00) on shares of Dine Brands Global in a research note on Friday, October 4th. Wedbush upgraded shares of Dine Brands Global from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $34.00 to $47.00 in a research note on Tuesday, October 1st. Finally, StockNews.com upgraded shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Dine Brands Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.43.

Dine Brands Global Stock Up 1.3 %

DIN stock opened at $33.02 on Friday. The firm has a 50 day moving average of $31.22 and a two-hundred day moving average of $36.34. The company has a market capitalization of $508.67 million, a price-to-earnings ratio of 5.88 and a beta of 1.71. Dine Brands Global has a 12 month low of $28.25 and a 12 month high of $53.26.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.07. The business had revenue of $206.30 million during the quarter, compared to the consensus estimate of $210.46 million. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. Dine Brands Global’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 EPS. On average, research analysts expect that Dine Brands Global will post 5.83 EPS for the current fiscal year.

Institutional Trading of Dine Brands Global

Hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC raised its holdings in Dine Brands Global by 438.7% during the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after buying an additional 623 shares during the period. Summit Securities Group LLC acquired a new stake in Dine Brands Global during the 2nd quarter worth approximately $35,000. Quarry LP raised its holdings in Dine Brands Global by 32.8% during the 2nd quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock worth $83,000 after buying an additional 567 shares during the period. EntryPoint Capital LLC acquired a new stake in Dine Brands Global during the 1st quarter worth approximately $132,000. Finally, EMC Capital Management acquired a new stake in shares of Dine Brands Global in the first quarter valued at approximately $137,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

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.