Dine Brands Global, Inc. (NYSE:DIN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Dine Brands Global, Inc. (NYSE:DIN) has been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $48.86.

Several brokerages recently commented on DIN. Barclays cut their price target on shares of Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Benchmark lowered shares of Dine Brands Global from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Piper Sandler dropped their target price on shares of Dine Brands Global from $49.00 to $48.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. StockNews.com lowered shares of Dine Brands Global from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Finally, UBS Group dropped their target price on shares of Dine Brands Global from $56.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, August 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DIN. Summit Securities Group LLC acquired a new position in Dine Brands Global in the second quarter valued at about $35,000. Quarry LP lifted its position in Dine Brands Global by 207.2% in the fourth quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 489 shares during the last quarter. Headlands Technologies LLC lifted its position in Dine Brands Global by 438.7% in the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 623 shares during the last quarter. SG Americas Securities LLC acquired a new position in Dine Brands Global in the second quarter valued at about $111,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position 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 valued at $117,000 after buying an additional 746 shares during the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Stock Performance

Shares of NYSE DIN opened at $32.50 on Thursday. The firm has a market cap of $500.66 million, a PE ratio of 5.78 and a beta of 1.74. The firm has a fifty day moving average of $33.76 and a 200 day moving average of $40.21. Dine Brands Global has a one year low of $29.25 and a one year high of $56.50.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 EPS for the quarter, topping the consensus estimate of $1.64 by $0.07. The company had revenue of $206.30 million during the quarter, compared to analyst estimates of $210.46 million. Dine Brands Global had a net margin of 10.59% and a negative return on equity of 35.31%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.82 EPS. On average, equities analysts predict that Dine Brands Global will post 6.16 EPS for the current fiscal year.

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.