Wedbush Trims Dine Brands Global (NYSE:DIN) Target Price to $37.00

Dine Brands Global (NYSE:DIN) had its target price lowered by Wedbush from $46.00 to $37.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Wedbush’s price objective would indicate a potential upside of 4.67% from the stock’s current price.

Several other equities analysts have also commented on DIN. Barclays reduced their price objective on Dine Brands Global from $57.00 to $54.00 and set an “overweight” rating on the stock in a research report on Thursday, May 9th. StockNews.com upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Piper Sandler lowered their price objective 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 lowered their price objective on Dine Brands Global from $50.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Dine Brands Global has a consensus rating of “Moderate Buy” and a consensus price target of $55.57.

Dine Brands Global Stock Up 1.6 %

Shares of Dine Brands Global stock traded up $0.54 during trading on Tuesday, hitting $35.35. 203,875 shares of the stock traded hands, compared to its average volume of 331,454. The stock has a market cap of $544.39 million, a price-to-earnings ratio of 6.29 and a beta of 1.74. The firm’s fifty day moving average is $36.48 and its 200-day moving average is $42.28. Dine Brands Global has a 52 week low of $31.24 and a 52 week high of $60.98.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, May 8th. The restaurant operator reported $1.33 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.26). The firm had revenue of $206.24 million for the quarter, compared to the consensus estimate of $210.54 million. Dine Brands Global had a net margin of 10.59% and a negative return on equity of 35.31%. Dine Brands Global’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.97 earnings per share. On average, analysts forecast that Dine Brands Global will post 6.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dine Brands Global

Hedge funds have recently made changes to their positions in the company. Capstone Investment Advisors LLC purchased a new stake in shares of Dine Brands Global in the fourth quarter worth about $1,382,000. First Eagle Investment Management LLC lifted its position in shares of Dine Brands Global by 9.9% in the first quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock worth $12,086,000 after buying an additional 23,400 shares in the last quarter. Harvest Investment Advisors LLC lifted its position in shares of Dine Brands Global by 4.5% in the fourth quarter. Harvest Investment Advisors LLC now owns 26,979 shares of the restaurant operator’s stock worth $1,340,000 after buying an additional 1,169 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of Dine Brands Global by 58.7% in the first quarter. Quantbot Technologies LP now owns 12,320 shares of the restaurant operator’s stock worth $573,000 after buying an additional 4,557 shares in the last quarter. Finally, Headlands Technologies LLC lifted its position in shares of Dine Brands Global by 438.7% in the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after buying an additional 623 shares in the last quarter. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

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.