Brokerages Set Dine Brands Global, Inc. (NYSE:DIN) Price Target at $32.83

Shares of Dine Brands Global, Inc. (NYSE:DIN) have been assigned a consensus rating of “Reduce” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $32.8333.

A number of research analysts have commented on DIN shares. Zacks Research cut Dine Brands Global from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Piper Sandler increased their target price on Dine Brands Global from $28.00 to $37.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Barclays dropped their target price on Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. Mizuho set a $38.00 price target on Dine Brands Global in a research report on Thursday, August 6th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Dine Brands Global in a report on Tuesday, June 9th.

Dine Brands Global Stock Up 0.1%

Dine Brands Global stock opened at $35.86 on Monday. The firm has a fifty day moving average of $35.07 and a 200-day moving average of $31.64. Dine Brands Global has a 52-week low of $21.85 and a 52-week high of $39.68. The firm has a market capitalization of $453.99 million, a P/E ratio of 76.30 and a beta of 0.96.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.04). Dine Brands Global had a net margin of 0.75% and a negative return on equity of 20.34%. The business had revenue of $240.90 million for the quarter, compared to analyst estimates of $237.28 million. During the same quarter in the previous year, the firm posted $1.17 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. On average, research analysts expect that Dine Brands Global will post 4.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DIN. BlackRock Inc. purchased a new position in Dine Brands Global in the 2nd quarter valued at about $47,832,000. Cibc World Market Inc. acquired a new stake in shares of Dine Brands Global during the second quarter valued at about $25,212,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Dine Brands Global during the fourth quarter worth about $9,099,000. Millennium Management LLC increased its position in shares of Dine Brands Global by 51.2% during the first quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock worth $11,817,000 after acquiring an additional 172,013 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in shares of Dine Brands Global in the third quarter worth about $4,175,000. 92.83% of the stock is owned by institutional investors and hedge funds.

About Dine Brands Global

Dine Brands Global, Inc is a leading franchisor and operator of full?service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.