Dine Brands Global (NYSE:DIN) Earns “Equal Weight” Rating from Barclays

Dine Brands Global (NYSE:DIN)‘s stock had its “equal weight” rating reissued by investment analysts at Barclays in a research note issued on Tuesday,Benzinga reports. They currently have a $32.00 target price on the restaurant operator’s stock, down from their prior target price of $43.00. Barclays‘s price target would indicate a potential upside of 6.52% from the stock’s previous close.

Several other equities research analysts also recently commented on the stock. UBS Group cut their target price on shares of Dine Brands Global from $51.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Piper Sandler cut their target price on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. Truist Financial reiterated a “hold” rating and set a $37.00 target price (down from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. Wedbush reiterated an “outperform” rating and set a $47.00 target price on shares of Dine Brands Global in a research report on Friday, November 15th. Finally, Benchmark restated a “hold” rating on shares of Dine Brands Global in a report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $43.14.

Dine Brands Global Trading Down 1.0 %

DIN opened at $30.04 on Tuesday. The company’s 50 day moving average is $32.29 and its 200-day moving average is $32.35. Dine Brands Global has a 1-year low of $28.25 and a 1-year high of $51.35. The company has a market cap of $457.99 million, a P/E ratio of 5.00 and a beta of 1.75.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.10. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $198.40 million. During the same period last year, the company posted $1.46 EPS. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, equities analysts forecast that Dine Brands Global will post 5.84 EPS for the current year.

Institutional Trading of Dine Brands Global

Several hedge funds have recently modified their holdings of the stock. Quarry LP increased its stake in shares of Dine Brands Global by 32.8% in the 2nd quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock valued at $83,000 after acquiring an additional 567 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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 valued at $117,000 after acquiring an additional 746 shares in the last quarter. Quadrature Capital Ltd increased its stake in shares of Dine Brands Global by 6.4% in the 3rd quarter. Quadrature Capital Ltd now owns 13,042 shares of the restaurant operator’s stock valued at $408,000 after acquiring an additional 786 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of Dine Brands Global in the 3rd quarter valued at $29,000. Finally, Public Sector Pension Investment Board increased its stake in shares of Dine Brands Global by 5.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 33,879 shares of the restaurant operator’s stock valued at $1,226,000 after acquiring an additional 1,601 shares in the last quarter. 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.