Dine Brands Global (NYSE:DIN) Price Target Cut to $36.00

Dine Brands Global (NYSE:DIN) had its price objective decreased by equities researchers at KeyCorp from $37.00 to $36.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the restaurant operator’s stock. KeyCorp’s target price suggests a potential upside of 9.02% from the stock’s current price.

A number of other brokerages also recently weighed in on DIN. Wedbush upgraded shares of Dine Brands Global from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $34.00 to $47.00 in a report on Tuesday, October 1st. Benchmark cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. 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 report on Friday, October 4th. Barclays reduced their price objective on shares of Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, StockNews.com raised shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $46.43.

Dine Brands Global Trading Up 1.3 %

Shares of DIN opened at $33.02 on Friday. The company has a market cap of $508.67 million, a price-to-earnings ratio of 5.88 and a beta of 1.71. Dine Brands Global has a 1-year low of $28.25 and a 1-year high of $53.26. The company’s fifty day simple moving average is $31.22 and its 200 day simple moving average is $36.34.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.07. The business had revenue of $206.30 million for the quarter, compared to the consensus estimate of $210.46 million. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.82 earnings per share. As a group, research analysts forecast that Dine Brands Global will post 5.83 earnings per share for the current year.

Institutional Investors Weigh In On Dine Brands Global

Institutional investors have recently modified their holdings of the business. Headlands Technologies LLC boosted its position 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 valued at $36,000 after acquiring an additional 623 shares during the period. Summit Securities Group LLC acquired a new position in Dine Brands Global in the second quarter valued at about $35,000. Quarry LP raised its stake in Dine Brands Global by 32.8% in the second 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. EntryPoint Capital LLC acquired a new position in Dine Brands Global in the first quarter valued at about $132,000. Finally, EMC Capital Management acquired a new position in Dine Brands Global in the first quarter valued at about $137,000. 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.