Dine Brands Global (NYSE:DIN) Rating Lowered to Hold at StockNews.com

Dine Brands Global (NYSE:DIN) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

DIN has been the subject of several other reports. Wedbush upgraded Dine Brands Global from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $34.00 to $47.00 in a report on Tuesday, October 1st. Truist Financial reissued a “hold” rating and set a $37.00 price objective (down from $66.00) on shares of Dine Brands Global in a report on Friday. Barclays dropped their target price on shares of Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. KeyCorp cut their target price on shares of Dine Brands Global from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, UBS Group lowered 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. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.57.

Dine Brands Global Stock Down 2.4 %

NYSE:DIN opened at $32.75 on Friday. The stock has a market cap of $504.51 million, a price-to-earnings ratio of 5.83 and a beta of 1.71. The company’s 50 day moving average price is $31.56 and its 200-day moving average price is $37.19. Dine Brands Global has a 52 week low of $28.25 and a 52 week high of $53.26.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.07. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The business had revenue of $206.30 million for the quarter, compared to analysts’ expectations of $210.46 million. During the same period in the prior year, the firm posted $1.82 EPS. The firm’s quarterly revenue 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 earnings per share for the current year.

Institutional Trading of Dine Brands Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIN. Quarry LP increased its holdings in Dine Brands Global by 207.2% during the fourth quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 489 shares during the last quarter. Virtu Financial LLC purchased a new stake in Dine Brands Global during the fourth quarter valued at approximately $317,000. Olstein Capital Management L.P. increased its holdings in Dine Brands Global by 5.1% during the first quarter. Olstein Capital Management L.P. now owns 226,000 shares of the restaurant operator’s stock valued at $10,504,000 after buying an additional 11,000 shares during the last quarter. SpiderRock Advisors LLC purchased a new stake in Dine Brands Global during the first quarter valued at approximately $235,000. Finally, BNP Paribas Financial Markets increased its holdings in Dine Brands Global by 12.5% during the first quarter. BNP Paribas Financial Markets now owns 12,832 shares of the restaurant operator’s stock valued at $596,000 after buying an additional 1,426 shares during the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

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.