UBS Group Lowers Dine Brands Global (NYSE:DIN) Price Target to $25.00

Dine Brands Global (NYSE:DIN) had its price target reduced by stock analysts at UBS Group from $32.00 to $25.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s price target would suggest a potential downside of 0.35% from the stock’s previous close.

Other analysts also recently issued reports about the company. Wedbush reduced their price objective on Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday. KeyCorp cut their target price on shares of Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Barclays decreased their price target on shares of Dine Brands Global from $32.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Piper Sandler cut their price objective on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $31.17.

Dine Brands Global Stock Performance

NYSE:DIN traded up $0.82 during mid-day trading on Thursday, hitting $25.09. 127,435 shares of the company’s stock traded hands, compared to its average volume of 500,177. The company has a market cap of $382.49 million, a PE ratio of 4.14 and a beta of 1.75. The firm’s 50 day simple moving average is $28.00 and its 200 day simple moving average is $30.51. Dine Brands Global has a 1 year low of $22.36 and a 1 year high of $51.35.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.48). Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The business had revenue of $204.80 million for the quarter, compared to analysts’ expectations of $200.75 million. During the same period last year, the business earned $1.40 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. On average, research analysts expect that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dine Brands Global

A number of institutional investors have recently bought and sold shares of DIN. Rhumbline Advisers boosted its holdings in shares of Dine Brands Global by 1.5% in the 4th quarter. Rhumbline Advisers now owns 24,006 shares of the restaurant operator’s stock valued at $723,000 after purchasing an additional 362 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Dine Brands Global by 6.3% in the fourth quarter. Russell Investments Group Ltd. now owns 7,032 shares of the restaurant operator’s stock valued at $212,000 after acquiring an additional 414 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Dine Brands Global by 9.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the restaurant operator’s stock valued at $237,000 after acquiring an additional 692 shares during the period. Quadrature Capital Ltd increased its stake in Dine Brands Global by 6.4% during the third quarter. Quadrature Capital Ltd now owns 13,042 shares of the restaurant operator’s stock worth $408,000 after acquiring an additional 786 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of Dine Brands Global by 36.3% in the 3rd quarter. Quarry LP now owns 3,130 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 834 shares during the period. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

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.