KeyCorp Lowers Dine Brands Global (NYSE:DIN) Price Target to $35.00

Dine Brands Global (NYSE:DIN) had its price target cut by investment analysts at KeyCorp from $36.00 to $35.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the restaurant operator’s stock. KeyCorp’s price objective points to a potential upside of 13.80% from the stock’s current price.

Other equities research analysts have also issued reports about 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. Barclays restated an “equal weight” rating and set a $32.00 price target (down from $43.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. Truist Financial restated a “hold” rating and issued a $37.00 target price (down previously from $66.00) on shares of Dine Brands Global in a research note on Friday, October 4th. Finally, Piper Sandler decreased their price target on 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. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $41.29.

Dine Brands Global Stock Performance

Shares of DIN traded up $0.03 during mid-day trading on Friday, reaching $30.76. 59,100 shares of the company were exchanged, compared to its average volume of 590,755. The business has a 50 day simple moving average of $30.75 and a two-hundred day simple moving average of $31.63. Dine Brands Global has a 52 week low of $25.68 and a 52 week high of $51.35. The stock has a market capitalization of $469.01 million, a PE ratio of 5.12 and a beta of 1.75.

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

Institutional Trading of Dine Brands Global

Several institutional investors have recently added to or reduced their stakes in DIN. Verition Fund Management LLC purchased a new stake in Dine Brands Global during the 3rd quarter valued at $765,000. JPMorgan Chase & Co. raised its position in shares of Dine Brands Global by 164.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 95,399 shares of the restaurant operator’s stock valued at $2,979,000 after purchasing an additional 59,360 shares during the period. Barclays PLC lifted its position in shares of Dine Brands Global by 135.4% in the third quarter. Barclays PLC now owns 35,946 shares of the restaurant operator’s stock valued at $1,123,000 after acquiring an additional 20,673 shares in the last quarter. Factorial Partners LLC grew its holdings in Dine Brands Global by 217.6% during the 3rd quarter. Factorial Partners LLC now owns 104,816 shares of the restaurant operator’s stock valued at $3,273,000 after buying an additional 71,816 shares in the last quarter. Finally, Stifel Financial Corp bought a new stake in Dine Brands Global in the 3rd quarter valued at $786,000. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

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.