Dine Brands Global (NYSE:DIN) Price Target Cut to $51.00

Dine Brands Global (NYSE:DIN) had its target price reduced by UBS Group from $56.00 to $51.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. UBS Group’s price target indicates a potential upside of 69.44% from the company’s current price.

DIN has been the subject of a number of other research reports. Wedbush cut their target price on shares of Dine Brands Global from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday. StockNews.com lowered shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Wednesday. Piper Sandler decreased their price objective on shares of 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. KeyCorp decreased their price objective on shares of Dine Brands Global from $50.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Finally, Truist Financial decreased their price objective 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. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Dine Brands Global currently has an average rating of “Moderate Buy” and a consensus target price of $48.86.

Dine Brands Global Trading Up 1.2 %

NYSE:DIN traded up $0.35 during midday trading on Thursday, hitting $30.10. 669,101 shares of the stock were exchanged, compared to its average volume of 353,400. Dine Brands Global has a one year low of $29.25 and a one year high of $58.51. The company has a market capitalization of $463.69 million, a price-to-earnings ratio of 5.36 and a beta of 1.74. The business has a 50-day moving average price of $35.27 and a two-hundred day moving average price of $41.55.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (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 company had revenue of $206.30 million for the quarter, compared to analysts’ expectations of $210.46 million. During the same quarter in the prior year, the company earned $1.82 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. Sell-side analysts forecast that Dine Brands Global will post 6.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Summit Securities Group LLC bought a new position in Dine Brands Global during the second quarter valued at about $35,000. Quarry LP grew its holdings in shares of Dine Brands Global by 207.2% in the fourth quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 489 shares during the last quarter. Headlands Technologies LLC grew its holdings 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 worth $36,000 after purchasing an additional 623 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Dine Brands Global in the second quarter worth approximately $111,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 valued at $117,000 after purchasing an additional 746 shares during the period. 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.