StockNews.com Downgrades Dine Brands Global (NYSE:DIN) to Hold

StockNews.com downgraded shares of Dine Brands Global (NYSE:DIN) from a buy rating to a hold rating in a report issued on Friday morning.

Several other analysts also recently issued reports on the company. Barclays reduced their price objective on Dine Brands Global from $54.00 to $38.00 and set an overweight rating on the stock in a research report on Thursday, August 8th. UBS Group reduced their target price on shares of Dine Brands Global from $56.00 to $51.00 and set a buy rating on the stock in a report on Thursday, August 8th. Truist Financial lowered their price target on shares of Dine Brands Global from $71.00 to $66.00 and set a buy rating for the company in a report on Thursday, August 8th. Benchmark lowered shares of Dine Brands Global from a buy rating to a hold rating in a research report on Thursday, August 8th. Finally, KeyCorp decreased their target price on shares of Dine Brands Global from $40.00 to $37.00 and set an overweight rating on the stock in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $48.86.

Dine Brands Global Trading Up 0.4 %

NYSE:DIN opened at $32.37 on Friday. The company has a market capitalization of $498.66 million, a P/E ratio of 5.76 and a beta of 1.74. The firm has a 50-day moving average price of $34.49 and a two-hundred day moving average price of $40.94. Dine Brands Global has a twelve month low of $29.25 and a twelve month high of $56.93.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data 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. Dine Brands Global had a net margin of 10.59% and a negative return on equity of 35.31%. The business had revenue of $206.30 million during the quarter, compared to analysts’ expectations of $210.46 million. During the same period last year, the company posted $1.82 EPS. The company’s revenue was down 1.0% on a year-over-year basis. On average, equities research analysts predict that Dine Brands Global will post 6.16 earnings per share for the current year.

Hedge Funds Weigh In On Dine Brands Global

A number of hedge funds have recently made changes to their positions in the stock. Capstone Investment Advisors LLC purchased a new position in shares of Dine Brands Global in the 4th quarter worth $1,382,000. First Eagle Investment Management LLC lifted its stake in shares of Dine Brands Global by 9.9% in the 1st quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock valued at $12,086,000 after purchasing an additional 23,400 shares in the last quarter. Harvest Investment Advisors LLC lifted its stake in shares of Dine Brands Global by 4.5% in the 4th quarter. Harvest Investment Advisors LLC now owns 26,979 shares of the restaurant operator’s stock valued at $1,340,000 after purchasing an additional 1,169 shares in the last quarter. Quantbot Technologies LP grew its holdings in shares of Dine Brands Global by 58.7% during the 1st quarter. Quantbot Technologies LP now owns 12,320 shares of the restaurant operator’s stock worth $573,000 after purchasing an additional 4,557 shares during the period. Finally, Headlands Technologies LLC increased its position in Dine Brands Global by 438.7% during the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 623 shares in the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

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.