Dine Brands Global (NYSE:DIN) Given Equal Weight Rating at Barclays

Dine Brands Global (NYSE:DIN)‘s stock had its “equal weight” rating reaffirmed by analysts at Barclays in a note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a $32.00 target price on the restaurant operator’s stock, down from their prior target price of $43.00. Barclays‘s price objective indicates a potential upside of 17.00% from the stock’s previous close.

A number of other equities research analysts have also commented on the company. Wedbush reissued an “outperform” rating and issued a $47.00 price target on shares of Dine Brands Global in a research report on Friday, November 15th. Truist Financial reiterated a “hold” rating and issued a $37.00 target price (down previously from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. StockNews.com cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. 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 research note on Friday, October 18th. Finally, CL King downgraded Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $41.43.

Dine Brands Global Stock Down 3.1 %

Shares of NYSE DIN opened at $27.35 on Tuesday. Dine Brands Global has a 12-month low of $26.85 and a 12-month high of $51.35. The firm has a market cap of $416.98 million, a PE ratio of 4.55 and a beta of 1.75. The company’s fifty day simple moving average is $32.16 and its 200 day simple moving average is $32.25.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. The company had revenue of $195.00 million for the quarter, compared to analyst estimates of $198.40 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. Dine Brands Global’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.46 earnings per share. On average, equities analysts predict that Dine Brands Global will post 5.84 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Quarry LP lifted its stake in Dine Brands Global by 32.8% in the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock worth $83,000 after acquiring an additional 567 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Dine Brands Global by 30.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock worth $117,000 after buying an additional 746 shares in the last quarter. Quadrature Capital Ltd lifted its holdings in Dine Brands Global by 6.4% in the third quarter. Quadrature Capital Ltd now owns 13,042 shares of the restaurant operator’s stock worth $408,000 after buying an additional 786 shares during the period. Point72 DIFC Ltd bought a new stake in Dine Brands Global during the 3rd quarter valued at approximately $29,000. Finally, Public Sector Pension Investment Board grew its holdings in shares of Dine Brands Global by 5.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 33,879 shares of the restaurant operator’s stock worth $1,226,000 after acquiring an additional 1,601 shares during the period. Hedge funds and other 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.