StockNews.com Downgrades Dine Brands Global (NYSE:DIN) to Hold

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

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

Dine Brands Global Trading Up 2.0 %

DIN opened at $45.12 on Monday. The business’s 50 day moving average is $45.77 and its 200-day moving average is $46.52. The stock has a market cap of $697.24 million, a PE ratio of 7.24 and a beta of 1.68. Dine Brands Global has a twelve month low of $42.00 and a twelve month high of $69.71.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, February 28th. The restaurant operator reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.28. The company had revenue of $206.30 million for the quarter, compared to analysts’ expectations of $206.24 million. Dine Brands Global had a negative return on equity of 37.72% and a net margin of 11.69%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 earnings per share. As a group, analysts forecast that Dine Brands Global will post 6.47 EPS for the current year.

Hedge Funds Weigh In On Dine Brands Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP grew its position in Dine Brands Global by 207.2% during the 4th quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 489 shares in the last quarter. Harvest Investment Advisors LLC grew its position in Dine Brands Global by 4.5% during the 4th quarter. Harvest Investment Advisors LLC now owns 26,979 shares of the restaurant operator’s stock worth $1,340,000 after purchasing an additional 1,169 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Dine Brands Global by 10.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 23,076 shares of the restaurant operator’s stock worth $1,146,000 after purchasing an additional 2,213 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Dine Brands Global by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 176,464 shares of the restaurant operator’s stock worth $8,761,000 after purchasing an additional 2,286 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Dine Brands Global by 127.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,254 shares of the restaurant operator’s stock worth $211,000 after purchasing an additional 2,381 shares in the last quarter. 92.83% of the stock is currently 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.