StockNews.com Downgrades Dine Brands Global (NYSE:DIN) to Hold

Dine Brands Global (NYSE:DIN – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

DIN has been the topic of several other research reports. Barclays dropped their price target on shares of Dine Brands Global from $57.00 to $54.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. Wedbush decreased their price objective on shares of Dine Brands Global from $46.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Piper Sandler decreased their price target on Dine Brands Global from $49.00 to $48.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Finally, KeyCorp decreased their price target on shares of Dine Brands Global from $50.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Dine Brands Global currently has an average rating of “Moderate Buy” and a consensus target price of $48.86.

View Our Latest Stock Report on DIN

Dine Brands Global Stock Down 2.2 %

NYSE DIN opened at $29.78 on Wednesday. The firm has a market cap of $458.76 million, a PE ratio of 5.30 and a beta of 1.74. The business’s fifty day simple moving average is $35.61 and its 200-day simple moving average is $41.74. Dine Brands Global has a 52 week low of $29.60 and a 52 week high of $58.65.

Dine Brands Global (NYSE:DIN – Get Free Report) last announced its 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 business had revenue of $206.30 million during the quarter, compared to analysts’ expectations of $210.46 million. Dine Brands Global had a net margin of 10.59% and a negative return on equity of 35.31%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.82 earnings per share. Research analysts expect that Dine Brands Global will post 6.16 EPS for the current year.

Institutional Investors Weigh In On Dine Brands Global

A number of institutional investors have recently made changes to their positions in the stock. Summit Securities Group LLC bought a new stake in Dine Brands Global during the second quarter worth $35,000. Quarry LP boosted its holdings in Dine Brands Global by 207.2% during the 4th quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 489 shares during the period. Headlands Technologies LLC raised its position in Dine Brands Global by 438.7% during the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 623 shares during the last quarter. SG Americas Securities LLC bought a new stake in Dine Brands Global during the 2nd quarter valued at approximately $111,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Dine Brands Global by 30.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock worth $117,000 after purchasing an additional 746 shares in the last quarter. Institutional investors own 92.83% of the company’s stock.

About Dine Brands Global

(Get Free Report)

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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