Dine Brands Global (NYSE:DIN) Rating Reiterated by Truist Financial

Dine Brands Global (NYSE:DIN)‘s stock had its “hold” rating reiterated by investment analysts at Truist Financial in a research note issued on Friday, MarketBeat reports. They presently have a $37.00 price target on the restaurant operator’s stock, down from their previous price target of $66.00. Truist Financial’s price target suggests a potential upside of 12.98% from the company’s previous close.

DIN has been the subject of a number of other research reports. StockNews.com upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Monday, September 2nd. KeyCorp decreased 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 report on Thursday, August 8th. Wedbush upgraded shares of Dine Brands Global from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $34.00 to $47.00 in a research note on Tuesday, October 1st. Benchmark lowered shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Barclays dropped their price objective on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.57.

Dine Brands Global Stock Performance

Dine Brands Global stock opened at $32.75 on Friday. Dine Brands Global has a fifty-two week low of $28.25 and a fifty-two week high of $53.26. The firm’s 50-day simple moving average is $31.56 and its 200 day simple moving average is $37.19. The stock has a market cap of $504.51 million, a PE ratio of 5.83 and a beta of 1.71.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DIN. First Eagle Investment Management LLC boosted its holdings in shares of Dine Brands Global by 9.9% in the first quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock worth $12,086,000 after acquiring an additional 23,400 shares during the period. Quantbot Technologies LP lifted its holdings in 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 in the last quarter. Headlands Technologies LLC boosted its stake in Dine Brands Global by 438.7% in 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 during the period. Clearline Capital LP grew its holdings in Dine Brands Global by 225.0% during the 2nd quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock valued at $4,510,000 after buying an additional 86,241 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of Dine Brands Global by 19.8% during the second quarter. Cubist Systematic Strategies LLC now owns 148,286 shares of the restaurant operator’s stock valued at $5,368,000 after buying an additional 24,556 shares during the period. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

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.