Dine Brands Global (NYSE:DIN) Given “Neutral” Rating at UBS Group

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

Several other analysts have also recently commented on the stock. Wedbush reissued an “outperform” rating and set a $47.00 price target on shares of Dine Brands Global in a research note on Friday, November 15th. Truist Financial reissued a “hold” rating and issued a $37.00 target price (down from $66.00) on shares of Dine Brands Global in a research note on Friday, October 4th. Piper Sandler dropped their target price on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. StockNews.com cut Dine Brands Global from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, KeyCorp dropped their price objective on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, October 18th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $41.43.

Dine Brands Global Stock Performance

Dine Brands Global stock opened at $30.04 on Tuesday. The business’s fifty day moving average is $32.29 and its two-hundred day moving average is $32.35. The firm has a market cap of $457.99 million, a P/E ratio of 5.00 and a beta of 1.75. 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 issued its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.10. The business had revenue of $195.00 million for the quarter, compared to the consensus estimate of $198.40 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 EPS. On average, equities research analysts predict that Dine Brands Global will post 5.84 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in Dine Brands Global by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 233,464 shares of the restaurant operator’s stock worth $8,451,000 after purchasing an additional 4,427 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 worth $117,000 after buying an additional 746 shares during the period. Rhumbline Advisers lifted its holdings in Dine Brands Global by 7.3% during the second quarter. Rhumbline Advisers now owns 49,652 shares of the restaurant operator’s stock worth $1,797,000 after acquiring an additional 3,388 shares in the last quarter. Savant Capital LLC acquired a new position in Dine Brands Global in the second quarter valued at about $550,000. Finally, LSV Asset Management increased its holdings in shares of Dine Brands Global by 2.8% in the second quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock worth $23,932,000 after acquiring an additional 18,200 shares in the last quarter. Institutional investors 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.