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

Dine Brands Global (NYSE:DIN) had its price target dropped by analysts at KeyCorp from $36.00 to $35.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the restaurant operator’s stock. KeyCorp’s target price would suggest a potential upside of 13.80% from the company’s previous close.

Several other analysts also recently weighed in on the company. StockNews.com downgraded Dine Brands Global from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Wedbush restated an “outperform” rating and set a $47.00 price target on shares of Dine Brands Global in a research note on Friday, November 15th. Barclays restated an “equal weight” rating and issued a $32.00 target price (down previously from $43.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. CL King downgraded Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Finally, Truist Financial reaffirmed a “hold” rating and set a $37.00 price target (down from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.29.

Dine Brands Global Stock Performance

Shares of DIN stock traded up $0.03 during trading hours on Friday, reaching $30.76. The company had a trading volume of 59,100 shares, compared to its average volume of 590,755. Dine Brands Global has a one year low of $25.68 and a one year high of $51.35. The business has a fifty day moving average price of $30.75 and a 200-day moving average price of $31.63. The firm has a market cap of $469.01 million, a PE ratio of 5.12 and a beta of 1.75.

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

Institutional Trading of Dine Brands Global

Several institutional investors have recently modified their holdings of the company. Verition Fund Management LLC bought a new stake in shares of Dine Brands Global during the 3rd quarter worth $765,000. JPMorgan Chase & Co. increased its stake in Dine Brands Global by 164.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,399 shares of the restaurant operator’s stock worth $2,979,000 after purchasing an additional 59,360 shares in the last quarter. Barclays PLC raised its holdings in Dine Brands Global by 135.4% during the 3rd quarter. Barclays PLC now owns 35,946 shares of the restaurant operator’s stock worth $1,123,000 after buying an additional 20,673 shares during the period. Factorial Partners LLC increased its position in shares of Dine Brands Global by 217.6% in the third quarter. Factorial Partners LLC now owns 104,816 shares of the restaurant operator’s stock worth $3,273,000 after acquiring an additional 71,816 shares in the last quarter. Finally, Stifel Financial Corp acquired a new stake in shares of Dine Brands Global during the third quarter valued at approximately $786,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Company Profile

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.