Dine Brands Global (NYSE:DIN) Stock Rating Upgraded by StockNews.com

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

Several other research analysts have also recently weighed in on DIN. Wedbush boosted their price target on shares of Dine Brands Global from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. Benchmark increased their price target on shares of Dine Brands Global from $63.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, March 4th. KeyCorp reduced their price target on shares of Dine Brands Global from $57.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. Truist Financial increased their price objective on Dine Brands Global from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Finally, Barclays decreased their price target on Dine Brands Global from $64.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dine Brands Global has a consensus rating of “Moderate Buy” and an average target price of $59.43.

Dine Brands Global Trading Up 0.4 %

DIN stock opened at $43.83 on Friday. The firm has a 50-day moving average of $45.72 and a two-hundred day moving average of $46.32. Dine Brands Global has a 12 month low of $42.00 and a 12 month high of $69.05. The company has a market cap of $677.17 million, a price-to-earnings ratio of 7.04 and a beta of 1.68.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, February 28th. The restaurant operator reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.28. Dine Brands Global had a negative return on equity of 37.72% and a net margin of 11.69%. The business had revenue of $206.30 million during the quarter, compared to analyst estimates of $206.24 million. During the same period in the prior year, the business earned $1.34 earnings per share. The business’s revenue was down .8% compared to the same quarter last year. As a group, equities analysts forecast that Dine Brands Global will post 6.46 earnings per share for the current year.

Hedge Funds Weigh In On Dine Brands Global

Several institutional investors have recently bought and sold shares of the company. Quarry LP boosted its stake in shares of Dine Brands Global by 207.2% in the fourth quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 489 shares during the period. Longfellow Investment Management Co. LLC purchased a new position in Dine Brands Global in the 4th quarter valued at approximately $187,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Dine Brands Global by 127.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,254 shares of the restaurant operator’s stock valued at $211,000 after buying an additional 2,381 shares during the period. D.A. Davidson & CO. acquired a new position in shares of Dine Brands Global in the third quarter worth $223,000. Finally, Harbor Advisors LLC purchased a new stake in shares of Dine Brands Global during the fourth quarter worth $223,000. 92.83% of the stock is 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.