Dine Brands Global (NYSE:DIN) Given “Outperform” Rating at Wedbush

Dine Brands Global (NYSE:DIN)‘s stock had its “outperform” rating restated by investment analysts at Wedbush in a research report issued on Thursday,Benzinga reports. They currently have a $47.00 price target on the restaurant operator’s stock. Wedbush’s price target would suggest a potential upside of 36.51% from the company’s previous close. Wedbush also issued estimates for Dine Brands Global’s FY2024 earnings at $5.88 EPS, Q1 2025 earnings at $1.40 EPS and Q3 2025 earnings at $1.56 EPS.

Several other research firms have also recently weighed in on DIN. UBS Group reduced their target price on shares of Dine Brands Global from $56.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. StockNews.com lowered Dine Brands Global from a “buy” rating to a “hold” rating in a report on Tuesday. Truist Financial restated a “hold” rating and issued a $37.00 target price (down from $66.00) on shares of Dine Brands Global in a research note on Friday, October 4th. CL King cut Dine Brands Global from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Finally, Barclays lowered their price target on shares of Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $46.14.

Dine Brands Global Stock Down 2.3 %

Shares of DIN stock opened at $34.43 on Thursday. Dine Brands Global has a 12 month low of $28.25 and a 12 month high of $52.05. The firm has a market cap of $526.78 million, a PE ratio of 5.73 and a beta of 1.71. The stock has a 50 day moving average of $31.13 and a 200-day moving average of $34.97.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, topping 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 business had revenue of $195.00 million for the quarter, compared to analyst estimates of $198.40 million. During the same quarter in the previous year, the firm posted $1.46 earnings per share. Dine Brands Global’s revenue was down 3.8% compared to the same quarter last year. As a group, equities analysts predict that Dine Brands Global will post 5.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Dine Brands Global

Several institutional investors and hedge funds have recently made changes to their positions in DIN. Headlands Technologies LLC increased its position in shares of Dine Brands Global by 438.7% during the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 623 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Dine Brands Global during the second quarter worth approximately $35,000. Quarry LP increased its holdings in shares of Dine Brands Global by 32.8% during the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock worth $83,000 after buying an additional 567 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Dine Brands Global in the first quarter valued at approximately $132,000. Finally, EMC Capital Management acquired a new position in shares of Dine Brands Global in the 1st quarter worth approximately $137,000. 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.