Dine Brands Global (NYSE:DIN – Get Free Report) had its price target lowered by stock analysts at KeyCorp from $37.00 to $36.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the restaurant operator’s stock. KeyCorp’s target price indicates a potential upside of 10.02% from the stock’s current price.
DIN has been the subject of several other reports. Truist Financial restated a “hold” rating and set a $37.00 target price (down from $66.00) on shares of Dine Brands Global in a research note on Friday, October 4th. Barclays decreased their price target on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Wedbush raised shares of Dine Brands Global from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $34.00 to $47.00 in a research report on Tuesday, October 1st. Benchmark cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, StockNews.com upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $46.43.
Check Out Our Latest Research Report on DIN
Dine Brands Global Stock Performance
Dine Brands Global (NYSE:DIN – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.07. The company had revenue of $206.30 million for the quarter, compared to analyst estimates of $210.46 million. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 earnings per share. Equities research analysts forecast that Dine Brands Global will post 5.83 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Dine Brands Global
Institutional investors have recently made changes to their positions in the company. LSV Asset Management raised its position in shares of Dine Brands Global by 2.8% during the 2nd quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock valued at $23,932,000 after purchasing an additional 18,200 shares during the period. Marshall Wace LLP raised its stake in shares of Dine Brands Global by 3.2% during the 2nd quarter. Marshall Wace LLP now owns 278,087 shares of the restaurant operator’s stock worth $10,067,000 after acquiring an additional 8,518 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of Dine Brands Global by 9.9% during the 1st quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock worth $12,086,000 after acquiring an additional 23,400 shares in the last quarter. Olstein Capital Management L.P. increased its stake in Dine Brands Global by 6.9% during the 2nd quarter. Olstein Capital Management L.P. now owns 241,600 shares of the restaurant operator’s stock valued at $8,746,000 after purchasing an additional 15,600 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Dine Brands Global by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 233,464 shares of the restaurant operator’s stock valued at $8,451,000 after purchasing an additional 4,427 shares in the last quarter. Hedge funds and other institutional investors own 92.83% of the company’s stock.
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.
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