Dine Brands Global’s (DIN) Neutral Rating Reiterated at UBS Group

Dine Brands Global (NYSE:DIN)‘s stock had its “neutral” rating reiterated by analysts at UBS Group in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $32.00 price target on the restaurant operator’s stock, down from their previous price target of $44.00. UBS Group’s target price suggests a potential upside of 6.52% from the stock’s current price.

DIN has been the topic of a number of other research reports. KeyCorp dropped their target price on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, October 18th. Truist Financial restated a “hold” rating and set a $37.00 price objective (down previously from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. StockNews.com downgraded Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. CL King lowered Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Finally, Barclays reiterated an “equal weight” rating and issued a $32.00 price objective (down previously from $43.00) on shares of Dine Brands Global in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $41.43.

Dine Brands Global Price Performance

DIN stock opened at $30.04 on Tuesday. The stock has a market capitalization of $457.99 million, a price-to-earnings ratio of 5.00 and a beta of 1.75. The company has a 50-day moving average of $32.29 and a two-hundred day moving average of $32.35. Dine Brands Global has a 52-week low of $28.25 and a 52-week high of $51.35.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.10. The firm had revenue of $195.00 million during the quarter, compared to the consensus estimate of $198.40 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.46 EPS. Equities analysts expect that Dine Brands Global will post 5.84 EPS for the current fiscal year.

Hedge Funds Weigh In On Dine Brands Global

Several hedge funds and other institutional investors have recently modified their holdings of DIN. Point72 DIFC Ltd bought a new stake in Dine Brands Global in the third quarter valued at $29,000. Quarry LP boosted its stake in shares of Dine Brands Global by 32.8% in the 2nd quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock valued at $83,000 after purchasing an additional 567 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Dine Brands Global by 383.4% in the 3rd quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock worth $93,000 after purchasing an additional 2,358 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Dine Brands Global by 30.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock worth $117,000 after purchasing an additional 746 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in Dine Brands Global by 400.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,000 shares of the restaurant operator’s stock valued at $145,000 after purchasing an additional 3,200 shares during the last quarter. Institutional investors own 92.83% of the company’s stock.

Dine Brands Global Company Profile

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.