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

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

Other equities analysts have also issued research reports about the stock. KeyCorp dropped 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. UBS Group dropped their target price on shares of Dine Brands Global from $56.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Wedbush upgraded shares of Dine Brands Global from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $34.00 to $47.00 in a research report on Tuesday, October 1st. Truist Financial restated a “hold” rating and set a $37.00 target price (down previously from $66.00) on shares of Dine Brands Global in a research report on Friday. Finally, Benchmark lowered shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.57.

Dine Brands Global Price Performance

DIN opened at $32.75 on Friday. The firm has a market cap of $504.51 million, a P/E ratio of 5.83 and a beta of 1.71. Dine Brands Global has a 1-year low of $28.25 and a 1-year high of $53.26. The company has a 50 day simple moving average of $31.56 and a two-hundred day simple moving average of $37.19.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.07. The business had revenue of $206.30 million during the quarter, compared to analyst estimates of $210.46 million. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. The company’s revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.82 earnings per share. Equities analysts anticipate that Dine Brands Global will post 5.86 earnings per share for the current year.

Hedge Funds Weigh In On Dine Brands Global

Institutional investors have recently bought and sold shares of the business. First Eagle Investment Management LLC lifted its position in Dine Brands Global by 9.9% during the first quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock valued at $12,086,000 after purchasing an additional 23,400 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of Dine Brands Global by 58.7% in the first quarter. Quantbot Technologies LP now owns 12,320 shares of the restaurant operator’s stock valued at $573,000 after acquiring an additional 4,557 shares during the period. Headlands Technologies LLC raised its stake in shares of Dine Brands Global by 438.7% in the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 623 shares during the period. Clearline Capital LP raised its stake in shares of Dine Brands Global by 225.0% in the second quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock valued at $4,510,000 after acquiring an additional 86,241 shares during the period. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Dine Brands Global by 19.8% in the second quarter. Cubist Systematic Strategies LLC now owns 148,286 shares of the restaurant operator’s stock valued at $5,368,000 after acquiring an additional 24,556 shares during the period. Institutional investors own 92.83% of the company’s stock.

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.