Dine Brands Global (NYSE:DIN) Price Target Lowered to $44.00 at UBS Group

Dine Brands Global (NYSE:DIN) had its price objective lowered by research analysts at UBS Group from $51.00 to $44.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. UBS Group’s target price points to a potential upside of 20.05% from the stock’s current price.

DIN has been the topic of a number of other research reports. Benchmark reissued a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. StockNews.com cut Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Tuesday. CL King lowered Dine Brands Global from a “buy” rating to a “neutral” rating in a research report on Monday. Wedbush reiterated an “outperform” rating and issued a $47.00 target price on shares of Dine Brands Global in a report on Thursday. Finally, Barclays lifted their price objective on shares of Dine Brands Global from $38.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $46.14.

Dine Brands Global Stock Performance

Shares of DIN traded up $0.66 during trading hours on Thursday, hitting $36.65. The company had a trading volume of 138,035 shares, compared to its average volume of 433,334. The stock has a market capitalization of $560.75 million, a price-to-earnings ratio of 6.13 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 firm has a fifty day moving average price of $31.00 and a 200-day moving average price of $35.04.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.11. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The business had revenue of $195.00 million during the quarter, compared to analyst estimates of $198.40 million. During the same quarter in the prior year, the business posted $1.46 EPS. Dine Brands Global’s revenue for the quarter was down 3.8% compared to the same quarter last year. Research analysts anticipate that Dine Brands Global will post 5.77 earnings per share for the current fiscal year.

Institutional Trading of Dine Brands Global

A number of hedge funds and other institutional investors have recently modified their holdings of DIN. Victory Capital Management Inc. acquired a new stake in shares of Dine Brands Global in the third quarter valued at $225,000. Aigen Investment Management LP increased its stake in Dine Brands Global by 65.0% during the 3rd quarter. Aigen Investment Management LP now owns 20,687 shares of the restaurant operator’s stock worth $646,000 after buying an additional 8,149 shares during the period. Olstein Capital Management L.P. lifted its holdings in Dine Brands Global by 25.1% during the 3rd quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock worth $9,438,000 after buying an additional 60,605 shares in the last quarter. Olympiad Research LP acquired a new position in shares of Dine Brands Global in the third quarter worth $407,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Dine Brands Global during the third quarter worth $421,000. 92.83% of the stock is owned by institutional investors and hedge funds.

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.