Dine Brands Global (NYSE:DIN) Stock Price Expected to Rise, Barclays Analyst Says

Dine Brands Global (NYSE:DIN) had its price target upped by stock analysts at Barclays from $21.00 to $24.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s price target indicates a potential upside of 7.14% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. Wedbush cut their price objective on Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. UBS Group cut their price target on Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. KeyCorp lowered their price objective on shares of Dine Brands Global from $30.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday. Sanford C. Bernstein set a $26.00 target price on shares of Dine Brands Global in a research note on Thursday, March 6th. Finally, Truist Financial dropped their price objective on shares of Dine Brands Global from $27.00 to $23.00 and set a “hold” rating on the stock in a report on Thursday. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $26.29.

Dine Brands Global Stock Performance

Shares of NYSE DIN opened at $22.40 on Thursday. The business’s 50-day simple moving average is $22.26 and its 200-day simple moving average is $27.46. Dine Brands Global has a 52 week low of $18.63 and a 52 week high of $45.69. The firm has a market cap of $350.25 million, a price-to-earnings ratio of 3.73 and a beta of 1.11.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.15). The firm had revenue of $214.78 million during the quarter, compared to analyst estimates of $216.19 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. Dine Brands Global’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.33 earnings per share. As a group, equities research analysts forecast that Dine Brands Global will post 5.84 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers increased its stake in shares of Dine Brands Global by 1.5% in the fourth quarter. Rhumbline Advisers now owns 24,006 shares of the restaurant operator’s stock valued at $723,000 after buying an additional 362 shares in the last quarter. Russell Investments Group Ltd. raised its position in Dine Brands Global by 6.3% in the 4th quarter. Russell Investments Group Ltd. now owns 7,032 shares of the restaurant operator’s stock worth $212,000 after purchasing an additional 414 shares during the last quarter. Mountain Hill Investment Partners Corp. increased its stake in shares of Dine Brands Global by 50.0% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 1,500 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 500 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Dine Brands Global by 9.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the restaurant operator’s stock valued at $237,000 after acquiring an additional 692 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Dine Brands Global by 6.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,046 shares of the restaurant operator’s stock valued at $453,000 after acquiring an additional 871 shares during the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

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.