Dine Brands Global (NYSE:DIN) Price Target Cut to $40.00

Dine Brands Global (NYSE:DIN) had its price objective cut by equities research analysts at KeyCorp from $50.00 to $40.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the restaurant operator’s stock. KeyCorp’s target price would suggest a potential upside of 26.28% from the stock’s current price.

A number of other research firms have also issued reports on DIN. Wedbush lowered their target price on shares of Dine Brands Global from $48.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. StockNews.com raised Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Barclays lowered their target price on Dine Brands Global from $57.00 to $54.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. Finally, Piper Sandler cut their price target on Dine Brands Global from $49.00 to $48.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $56.86.

Dine Brands Global Price Performance

Shares of NYSE:DIN opened at $31.68 on Tuesday. The stock has a market capitalization of $487.80 million, a P/E ratio of 5.64 and a beta of 1.74. The business has a 50-day moving average of $38.82 and a two-hundred day moving average of $43.54. Dine Brands Global has a fifty-two week low of $31.24 and a fifty-two week high of $60.98.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, May 8th. The restaurant operator reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.26). Dine Brands Global had a net margin of 10.59% and a negative return on equity of 35.31%. The company had revenue of $206.24 million during the quarter, compared to the consensus estimate of $210.54 million. During the same period in the previous year, the business posted $1.97 earnings per share. The firm’s revenue was down 3.5% on a year-over-year basis. As a group, research analysts expect that Dine Brands Global will post 6.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DIN. Quarry LP grew its stake in shares of Dine Brands Global by 207.2% in the 4th quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 489 shares during the period. Headlands Technologies LLC grew its position in Dine Brands Global by 438.7% in the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 623 shares during the period. EntryPoint Capital LLC acquired a new position in Dine Brands Global during the first quarter worth $132,000. EMC Capital Management acquired a new position in Dine Brands Global during the first quarter worth $137,000. Finally, CWM LLC lifted its holdings in shares of Dine Brands Global by 1,093.9% during the second quarter. CWM LLC now owns 3,331 shares of the restaurant operator’s stock valued at $121,000 after acquiring an additional 3,052 shares during the period. 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.