UBS Group Issues Pessimistic Forecast for Dine Brands Global (NYSE:DIN) Stock Price

Dine Brands Global (NYSE:DIN) had its price objective dropped by equities researchers at UBS Group from $35.00 to $33.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s price target suggests a potential upside of 6.02% from the stock’s current price.

A number of other brokerages have also recently commented on DIN. Barclays lowered their target price on Dine Brands Global from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday. Weiss Ratings reissued a “hold (c-)” rating on shares of Dine Brands Global in a research note on Monday, December 29th. Zacks Research downgraded shares of Dine Brands Global from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Finally, Mizuho increased their target price on shares of Dine Brands Global from $28.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, January 9th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $29.57.

Dine Brands Global Price Performance

Shares of DIN stock traded up $0.44 during trading hours on Thursday, hitting $31.13. The company had a trading volume of 201,620 shares, compared to its average volume of 430,756. The stock has a market capitalization of $448.84 million, a PE ratio of 13.90 and a beta of 0.97. The company’s fifty day moving average is $34.46 and its 200 day moving average is $29.16. Dine Brands Global has a fifty-two week low of $18.63 and a fifty-two week high of $39.68.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, February 25th. The restaurant operator reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.36. Dine Brands Global had a negative return on equity of 26.01% and a net margin of 3.91%.The company had revenue of $217.57 million for the quarter, compared to analyst estimates of $226.27 million. During the same quarter in the previous year, the company earned $0.87 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities analysts forecast that Dine Brands Global will post 5.84 earnings per share for the current year.

Institutional Trading of Dine Brands Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Garton & Associates Financial Advisors LLC acquired a new position in shares of Dine Brands Global in the 4th quarter valued at $26,000. Advisory Services Network LLC acquired a new position in Dine Brands Global in the third quarter valued at $27,000. Financial Management Professionals Inc. boosted its stake in Dine Brands Global by 45.4% in the fourth quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 326 shares in the last quarter. Mountain Hill Investment Partners Corp. grew its holdings in shares of Dine Brands Global by 33.3% during the second quarter. Mountain Hill Investment Partners Corp. now owns 2,000 shares of the restaurant operator’s stock worth $49,000 after purchasing an additional 500 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Dine Brands Global during the third quarter worth about $50,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

Key Headlines Impacting Dine Brands Global

Here are the key news stories impacting Dine Brands Global this week:

• Positive Sentiment: Adjusted results beat and revenue growth — Dine Brands reported adjusted EPS of $1.46 vs. consensus ~$1.10 and revenue rose ~6.3% year-over-year, evidence that franchise operations produced underlying profit strength. Press Release
• Positive Sentiment: Strategic actions and value case — Coverage and analysis point to management focus on franchise optimization, buybacks and dividends, and a view that DIN can be attractive under $30 if execution continues. This supports investor interest in the turnaround story. Seeking Alpha: Turning Around
• Neutral Sentiment: Earnings call and transcripts published — Multiple call transcripts are available; they provide management commentary and color for investors assessing whether recent trends (Applebee’s comps, off-premise sales >20%) are sustainable. Review the call for guidance/comments that could swing sentiment. SA Transcript InsiderMonkey Transcript
• Negative Sentiment: Analyst cut: Barclays lowers target to $30 and assigns “equal weight” — Barclays reduced its price target from $40 to $30, signaling less upside and dampening investor enthusiasm. Benzinga
• Negative Sentiment: GAAP loss and impairment charge — The company swung to a GAAP loss in the quarter after taking an impairment charge, which produced a negative return on equity and creates near-term headline risk even though adjusted results were positive. WSJ
• Negative Sentiment: Revenue missed street estimates — Reported revenue ($217.6M) came in below analyst expectations (~$226.3M), and commentary about a sluggish Applebee’s quarter added to near-term concerns about brand-level momentum. MarketBeat

Dine Brands Global Company Profile

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.