KeyCorp Reaffirms “Sector Weight” Rating for Dine Brands Global (NYSE:DIN)

Dine Brands Global (NYSE:DIN)‘s stock had its “sector weight” rating restated by equities researchers at KeyCorp in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports.

A number of other equities analysts also recently weighed in on DIN. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research note on Monday, March 2nd. Mizuho lifted their price objective on Dine Brands Global from $28.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, January 9th. Zacks Research downgraded Dine Brands Global from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dine Brands Global in a research report on Monday, December 29th. Finally, UBS Group cut their price target on Dine Brands Global from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, February 26th. Seven equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $29.50.

Dine Brands Global Stock Performance

DIN stock opened at $25.49 on Thursday. The firm has a 50 day simple moving average of $30.87 and a 200 day simple moving average of $30.21. Dine Brands Global has a 52 week low of $18.63 and a 52 week high of $39.68. The stock has a market cap of $330.85 million, a P/E ratio of 26.28 and a beta of 0.97.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, February 25th. The restaurant operator reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.36. The firm had revenue of $217.57 million for the quarter, compared to analyst estimates of $226.27 million. Dine Brands Global had a net margin of 1.88% and a negative return on equity of 27.12%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 EPS. Sell-side analysts predict that Dine Brands Global will post 5.84 EPS for the current year.

Insider Activity

In other Dine Brands Global news, Director Douglas M. Pasquale acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of $27.75 per share, for a total transaction of $27,750.00. Following the completion of the acquisition, the director owned 32,469 shares of the company’s stock, valued at approximately $901,014.75. This trade represents a 3.18% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have acquired 6,000 shares of company stock valued at $173,310. 4.56% of the stock is currently owned by insiders.

Institutional Trading of Dine Brands Global

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LLC boosted its stake in shares of Dine Brands Global by 22.3% during the 4th quarter. Corient Private Wealth LLC now owns 22,653 shares of the restaurant operator’s stock worth $728,000 after acquiring an additional 4,124 shares in the last quarter. Invesco Ltd. raised its stake in shares of Dine Brands Global by 31.5% in the 4th quarter. Invesco Ltd. now owns 97,241 shares of the restaurant operator’s stock valued at $3,125,000 after acquiring an additional 23,277 shares in the last quarter. State of Tennessee Department of Treasury acquired a new stake in Dine Brands Global in the 4th quarter worth approximately $194,000. Garton & Associates Financial Advisors LLC acquired a new stake in Dine Brands Global in the 4th quarter worth approximately $26,000. Finally, XTX Topco Ltd boosted its position in Dine Brands Global by 391.3% during the fourth quarter. XTX Topco Ltd now owns 87,958 shares of the restaurant operator’s stock worth $2,827,000 after purchasing an additional 70,054 shares during the period. Institutional investors and hedge funds own 92.83% of the company’s stock.

About Dine Brands Global

Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.