Mizuho Issues Pessimistic Forecast for Dine Brands Global (NYSE:DIN) Stock Price

Dine Brands Global (NYSE:DIN) had its price target decreased by research analysts at Mizuho from $34.00 to $30.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. Mizuho’s price objective indicates a potential upside of 17.70% from the company’s current price.

Several other equities research analysts have also recently issued reports on DIN. Zacks Research cut Dine Brands Global from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Dine Brands Global in a report on Monday, December 29th. Benchmark restated a “hold” rating on shares of Dine Brands Global in a research report on Monday, March 2nd. KeyCorp reiterated a “sector weight” rating on shares of Dine Brands Global in a research report on Thursday. Finally, UBS Group reduced their price objective 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 investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $29.50.

Dine Brands Global Stock Performance

Shares of NYSE DIN opened at $25.49 on Thursday. The firm has a fifty day moving average of $30.87 and a 200 day moving average of $30.21. The firm has a market cap of $330.85 million, a PE ratio of 26.28 and a beta of 0.97. Dine Brands Global has a one year low of $18.63 and a one year high of $39.68.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Wednesday, February 25th. The restaurant operator reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.36. The business had revenue of $217.57 million for the quarter, compared to the consensus estimate 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 was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. On average, equities analysts predict that Dine Brands Global will post 5.84 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Douglas M. Pasquale acquired 2,000 shares of the stock in a transaction on Thursday, March 12th. The shares were bought at an average price of $28.25 per share, with a total value of $56,500.00. Following the completion of the purchase, the director owned 31,469 shares of the company’s stock, valued at approximately $888,999.25. This represents a 6.79% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased a total of 6,000 shares of company stock worth $173,310 in the last quarter. Company insiders own 4.56% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DIN. Vanguard Group Inc. grew its holdings in shares of Dine Brands Global by 10.8% in the third quarter. Vanguard Group Inc. now owns 1,041,335 shares of the restaurant operator’s stock valued at $25,742,000 after purchasing an additional 101,304 shares during the period. Cibc World Market Inc. raised its stake in Dine Brands Global by 14.0% during the fourth quarter. Cibc World Market Inc. now owns 821,184 shares of the restaurant operator’s stock worth $26,393,000 after purchasing an additional 101,054 shares during the period. Millennium Management LLC boosted its holdings in Dine Brands Global by 51.2% in the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after purchasing an additional 172,013 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Dine Brands Global by 4.1% in the 2nd quarter. Marshall Wace LLP now owns 430,413 shares of the restaurant operator’s stock valued at $10,472,000 after buying an additional 16,970 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Dine Brands Global by 16.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 377,399 shares of the restaurant operator’s stock valued at $12,130,000 after buying an additional 54,506 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 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.