Dine Brands Global (NYSE:DIN) Rating Lowered to “Neutral” at CL King

Dine Brands Global (NYSE:DIN) was downgraded by equities researchers at CL King from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, Briefing.com reports.

A number of other research analysts have also recently commented on the company. Wedbush raised Dine Brands Global from a “neutral” rating to an “outperform” rating and increased their target price for the company from $34.00 to $47.00 in a research note on Tuesday, October 1st. Truist Financial reaffirmed a “hold” rating and set a $37.00 price objective (down from $66.00) on shares of Dine Brands Global in a research note on Friday, October 4th. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. UBS Group reduced their price objective on Dine Brands Global from $56.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, KeyCorp reduced their price objective on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $46.43.

Dine Brands Global Stock Up 0.7 %

DIN opened at $30.66 on Monday. The stock has a market cap of $469.10 million, a PE ratio of 5.14 and a beta of 1.71. Dine Brands Global has a 52 week low of $28.25 and a 52 week high of $52.05. The business’s fifty day simple moving average is $30.99 and its 200 day simple moving average is $35.21.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.07. The business had revenue of $206.30 million for the quarter, compared to analysts’ expectations of $210.46 million. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The firm’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.82 earnings per share. As a group, equities analysts anticipate that Dine Brands Global will post 5.82 earnings per share for the current year.

Institutional Trading of Dine Brands Global

Several large investors have recently modified their holdings of the business. Olstein Capital Management L.P. grew its stake in shares of Dine Brands Global by 25.1% in the third quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock worth $9,438,000 after purchasing an additional 60,605 shares during the last quarter. Olympiad Research LP bought a new stake in shares of Dine Brands Global in the third quarter worth about $407,000. Ballentine Partners LLC bought a new stake in shares of Dine Brands Global in the third quarter worth about $421,000. Signaturefd LLC grew its stake in shares of Dine Brands Global by 383.4% in the third 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. Finally, Creative Planning lifted its holdings in Dine Brands Global by 162.8% in the third quarter. Creative Planning now owns 25,573 shares of the restaurant operator’s stock worth $799,000 after buying an additional 15,843 shares during the period. 92.83% of the stock is owned by institutional investors.

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.