Dine Brands Global (NYSE:DIN) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of Dine Brands Global (NYSE:DIN) from a hold rating to a buy rating in a report issued on Monday.

Several other equities analysts have also commented on DIN. Benchmark lowered shares of Dine Brands Global from a buy rating to a hold rating in a report on Thursday, August 8th. Truist Financial decreased their target price on shares of Dine Brands Global from $71.00 to $66.00 and set a buy rating on the stock in a report on Thursday, August 8th. Piper Sandler decreased their target price on shares of Dine Brands Global from $49.00 to $48.00 and set a neutral rating on the stock in a report on Thursday, May 9th. KeyCorp decreased their target price on shares of Dine Brands Global from $40.00 to $37.00 and set an overweight rating on the stock in a report on Thursday, August 8th. Finally, Wedbush reduced their price target on shares of Dine Brands Global from $37.00 to $34.00 and set a neutral rating on the stock in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $48.86.

Dine Brands Global Stock Performance

NYSE:DIN opened at $31.62 on Monday. Dine Brands Global has a 52 week low of $29.25 and a 52 week high of $55.35. The firm has a market cap of $487.11 million, a price-to-earnings ratio of 5.63 and a beta of 1.74. The firm’s 50-day simple moving average is $33.24 and its 200 day simple moving average is $39.80.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 EPS for the quarter, beating the consensus estimate of $1.64 by $0.07. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. The firm had revenue of $206.30 million for the quarter, compared to analyst estimates of $210.46 million. During the same period last year, the firm earned $1.82 EPS. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. Sell-side analysts anticipate that Dine Brands Global will post 5.86 EPS for the current year.

Institutional Investors Weigh In On Dine Brands Global

A number of hedge funds have recently made changes to their positions in the stock. Capstone Investment Advisors LLC acquired a new stake in Dine Brands Global during the 4th quarter worth approximately $1,382,000. First Eagle Investment Management LLC boosted its position in Dine Brands Global by 9.9% during the 1st quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock worth $12,086,000 after buying an additional 23,400 shares during the period. Harvest Investment Advisors LLC boosted 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 buying an additional 1,169 shares during the period. Quantbot Technologies LP boosted its position in Dine Brands Global by 58.7% during the 1st quarter. Quantbot Technologies LP now owns 12,320 shares of the restaurant operator’s stock worth $573,000 after buying an additional 4,557 shares during the period. Finally, Headlands Technologies LLC boosted its position in Dine Brands Global by 438.7% during the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after buying an additional 623 shares during the period. 92.83% of the stock is currently owned by institutional investors and hedge funds.

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.