Dine Brands Global (NYSE:DIN) Downgraded by StockNews.com

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

Several other analysts have also recently weighed in on the stock. Barclays cut 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 report on Thursday, February 29th. Truist Financial boosted their target price on shares of Dine Brands Global from $70.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Benchmark boosted their target price on shares of Dine Brands Global from $63.00 to $68.00 and gave the company a “buy” rating in a report on Monday, March 4th. KeyCorp dropped their target price on shares of 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, Wedbush boosted their target price on shares of Dine Brands Global from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $59.43.

Dine Brands Global Stock Up 2.0 %

NYSE:DIN opened at $45.12 on Monday. The stock has a market cap of $697.24 million, a P/E ratio of 7.24 and a beta of 1.68. The firm’s fifty day simple moving average is $45.77 and its 200 day simple moving average is $46.52. 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 the consensus estimate of $1.12 by $0.28. The business had revenue of $206.30 million for the quarter, compared to analysts’ expectations of $206.24 million. Dine Brands Global had a net margin of 11.69% and a negative return on equity of 37.72%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.34 earnings per share. On average, analysts expect that Dine Brands Global will post 6.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Dine Brands Global

A number of hedge funds have recently bought and sold shares of the company. Olstein Capital Management L.P. boosted its stake in Dine Brands Global by 5.1% in the 1st quarter. Olstein Capital Management L.P. now owns 226,000 shares of the restaurant operator’s stock worth $10,504,000 after purchasing an additional 11,000 shares in the last quarter. Virtu Financial LLC bought a new position in Dine Brands Global in the 4th quarter worth about $317,000. Quarry LP boosted its stake in Dine Brands Global by 207.2% in 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 boosted its stake in Dine Brands Global by 4.5% in 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. Finally, Armistice Capital LLC bought a new position in Dine Brands Global in the 4th quarter worth about $3,724,000. Institutional investors own 92.83% of the company’s stock.

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.