Truist Financial Cuts Dine Brands Global (NYSE:DIN) Price Target to $27.00

Dine Brands Global (NYSE:DIN) had its target price cut by research analysts at Truist Financial from $37.00 to $27.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Truist Financial’s price target would suggest a potential upside of 8.07% from the company’s current price.

Several other analysts have also recently commented on DIN. Wedbush reduced their target price on Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday. Piper Sandler reduced their price objective on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th. UBS Group lowered their target price on shares of Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday. KeyCorp decreased their price target on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Barclays lowered their price objective on Dine Brands Global from $32.00 to $26.00 and set an “equal weight” rating for the company in a research report on Thursday. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Dine Brands Global has a consensus rating of “Hold” and an average target price of $29.50.

Dine Brands Global Trading Up 2.9 %

NYSE:DIN traded up $0.71 during mid-day trading on Thursday, hitting $24.98. 151,961 shares of the company’s stock were exchanged, compared to its average volume of 619,458. Dine Brands Global has a fifty-two week low of $22.36 and a fifty-two week high of $51.35. The company has a 50 day simple moving average of $28.00 and a 200-day simple moving average of $30.51. The firm has a market capitalization of $380.89 million, a P/E ratio of 4.16 and a beta of 1.75.

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 the consensus estimate of $1.35 by ($0.48). The business had revenue of $204.80 million during the quarter, compared to the consensus estimate of $200.75 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.40 EPS. As a group, analysts expect that Dine Brands Global will post 5.84 earnings per share for the current year.

Institutional Trading of Dine Brands Global

Hedge funds have recently bought and sold shares of the business. Cibc World Market Inc. lifted its stake in shares of Dine Brands Global by 640.6% in the fourth quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator’s stock valued at $14,905,000 after buying an additional 428,319 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in Dine Brands Global by 691.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 290,403 shares of the restaurant operator’s stock worth $8,741,000 after buying an additional 253,688 shares in the last quarter. Weiss Asset Management LP purchased a new stake in Dine Brands Global in the 3rd quarter valued at $6,102,000. Seven Six Capital Management LLC purchased a new position in Dine Brands Global during the 4th quarter worth $5,475,000. Finally, Jane Street Group LLC grew its stake in shares of Dine Brands Global by 229.1% in the 3rd quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator’s stock worth $7,799,000 after acquiring an additional 173,831 shares in the last quarter. Institutional investors and hedge funds 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.