UBS Group Cuts Dine Brands Global (NYSE:DIN) Price Target to $44.00

Dine Brands Global (NYSE:DIN) had its price target decreased by research analysts at UBS Group from $51.00 to $44.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. UBS Group’s price objective points to a potential upside of 20.05% from the company’s previous close.

DIN has been the subject of a number of other research reports. KeyCorp decreased their price objective on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, October 18th. StockNews.com lowered Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Tuesday. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. CL King cut shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday. Finally, Barclays boosted their price objective on Dine Brands Global from $38.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.14.

Dine Brands Global Trading Up 1.8 %

Shares of NYSE:DIN traded up $0.66 on Thursday, reaching $36.65. 138,035 shares of the company were exchanged, compared to its average volume of 433,334. The firm has a market cap of $560.75 million, a price-to-earnings ratio of 6.13 and a beta of 1.71. The company has a 50-day moving average of $31.00 and a 200-day moving average of $35.04. Dine Brands Global has a 1-year low of $28.25 and a 1-year high of $52.05.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.11. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. The company had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $198.40 million. During the same period in the prior year, the company posted $1.46 EPS. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. As a group, analysts forecast that Dine Brands Global will post 5.77 earnings per share for the current year.

Hedge Funds Weigh In On Dine Brands Global

Several hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC grew its position in Dine Brands Global by 438.7% during the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after buying an additional 623 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Dine Brands Global during the second quarter valued at approximately $35,000. Quarry LP boosted its stake in shares of Dine Brands Global by 32.8% in the 2nd quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock valued at $83,000 after purchasing an additional 567 shares during the last quarter. EntryPoint Capital LLC acquired a new position in Dine Brands Global in the first quarter valued at approximately $132,000. Finally, EMC Capital Management acquired a new stake in Dine Brands Global during the 1st quarter worth $137,000. 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.