Barclays Lowers Dine Brands Global (NYSE:DIN) Price Target to $26.00

Dine Brands Global (NYSE:DIN) had its price target decreased by stock analysts at Barclays from $32.00 to $26.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s target price would suggest a potential upside of 7.95% from the company’s current price.

Several other research analysts also recently commented on DIN. UBS Group reaffirmed a “neutral” rating and issued a $32.00 price objective (down from $44.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. 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 report on Monday, November 18th. Wedbush cut their price objective on shares of Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday. Finally, KeyCorp cut their price objective on shares of Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Dine Brands Global presently has an average rating of “Hold” and a consensus target price of $32.33.

Dine Brands Global Stock Down 0.8 %

Dine Brands Global stock opened at $24.09 on Thursday. Dine Brands Global has a twelve month low of $22.36 and a twelve month high of $51.35. The firm has a 50 day moving average price of $28.00 and a 200-day moving average price of $30.51. The company has a market capitalization of $367.20 million, a P/E ratio of 4.00 and a beta of 1.75.

Dine Brands Global (NYSE:DIN) last released its earnings results 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 net margin of 11.31% and a negative return on equity of 37.75%. The company had revenue of $204.80 million for the quarter, compared to the consensus estimate of $200.75 million. During the same period in the prior year, the company earned $1.40 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. Equities analysts expect that Dine Brands Global will post 5.84 EPS for the current fiscal year.

Institutional Trading of Dine Brands Global

Several institutional investors and hedge funds have recently made changes to their positions in DIN. Olympiad Research LP purchased a new stake in shares of Dine Brands Global during the 3rd quarter valued at $407,000. Olstein Capital Management L.P. raised its position in shares of Dine Brands Global by 25.1% during the 3rd quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock valued at $9,438,000 after buying an additional 60,605 shares in the last quarter. Aigen Investment Management LP raised its position in Dine Brands Global by 65.0% in the 3rd quarter. Aigen Investment Management LP now owns 20,687 shares of the restaurant operator’s stock worth $646,000 after purchasing an additional 8,149 shares during the period. Victory Capital Management Inc. purchased a new position in Dine Brands Global in the 3rd quarter worth $225,000. Finally, Quest Partners LLC raised its position in Dine Brands Global by 965.3% in the 3rd quarter. Quest Partners LLC now owns 16,565 shares of the restaurant operator’s stock worth $517,000 after purchasing an additional 15,010 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.