Dine Brands Global (NYSE:DIN) Upgraded at StockNews.com

StockNews.com upgraded shares of Dine Brands Global (NYSE:DIN) from a hold rating to a buy rating in a report released on Monday.

Several other research firms have also commented on DIN. KeyCorp lowered their price objective on shares of Dine Brands Global from $40.00 to $37.00 and set an overweight rating for the company in a research note on Thursday, August 8th. Barclays dropped their price target on shares of Dine Brands Global from $54.00 to $38.00 and set an overweight rating for the company in a research note on Thursday, August 8th. Piper Sandler reduced their price objective on Dine Brands Global from $49.00 to $48.00 and set a neutral rating on the stock in a research note on Thursday, May 9th. Truist Financial lowered their target price on Dine Brands Global from $71.00 to $66.00 and set a buy rating for the company in a research note on Thursday, August 8th. Finally, UBS Group cut their price target on Dine Brands Global from $56.00 to $51.00 and set a buy rating on the stock in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Dine Brands Global presently has an average rating of Moderate Buy and a consensus price target of $48.86.

Dine Brands Global Stock Down 3.6 %

DIN stock opened at $30.49 on Monday. The stock has a market cap of $469.70 million, a price-to-earnings ratio of 5.43 and a beta of 1.74. Dine Brands Global has a 52-week low of $29.25 and a 52-week high of $54.62. The business has a fifty day moving average of $33.14 and a two-hundred day moving average of $39.74.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.07. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. The firm had revenue of $206.30 million during the quarter, compared to the consensus estimate of $210.46 million. During the same quarter last year, the firm earned $1.82 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Dine Brands Global will post 5.86 EPS for the current year.

Institutional Investors Weigh In On Dine Brands Global

Several hedge funds and other institutional investors have recently bought and sold shares of DIN. LSV Asset Management boosted its stake in Dine Brands Global by 2.8% in the second quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock valued at $23,932,000 after acquiring an additional 18,200 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Dine Brands Global by 3.2% in the 2nd quarter. Marshall Wace LLP now owns 278,087 shares of the restaurant operator’s stock valued at $10,067,000 after purchasing an additional 8,518 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings 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 during the last quarter. Olstein Capital Management L.P. boosted its position in shares of Dine Brands Global by 6.9% in the 2nd quarter. Olstein Capital Management L.P. now owns 241,600 shares of the restaurant operator’s stock valued at $8,746,000 after purchasing an additional 15,600 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Dine Brands Global by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 233,464 shares of the restaurant operator’s stock worth $8,451,000 after buying an additional 4,427 shares during the last quarter. 92.83% of the stock is currently 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.