Dine Brands Global (NYSE:DIN) Stock Price Expected to Rise, Barclays Analyst Says

Dine Brands Global (NYSE:DIN) had its price target increased by investment analysts at Barclays from $38.00 to $43.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the restaurant operator’s stock. Barclays‘s price objective points to a potential upside of 24.82% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on DIN. Truist Financial reissued a “hold” rating and set a $37.00 price target (down from $66.00) on shares of Dine Brands Global in a research note on Friday, October 4th. KeyCorp dropped their target price on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, October 18th. Wedbush reissued an “outperform” rating and issued a $47.00 price target on shares of Dine Brands Global in a research note on Thursday. UBS Group cut their target price on Dine Brands Global from $56.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Dine Brands Global presently has an average rating of “Hold” and an average price target of $46.14.

Dine Brands Global Price Performance

DIN opened at $34.45 on Thursday. The company’s 50 day simple moving average is $31.13 and its 200-day simple moving average is $34.97. Dine Brands Global has a one year low of $28.25 and a one year high of $52.05. The stock has a market capitalization of $527.09 million, a P/E ratio of 5.73 and a beta of 1.71.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.10. The business had revenue of $195.00 million for the quarter, compared to analysts’ expectations of $198.40 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.46 earnings per share. As a group, analysts anticipate that Dine Brands Global will post 5.77 EPS for the current year.

Institutional Investors Weigh In On Dine Brands Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in DIN. Summit Securities Group LLC bought a new stake in Dine Brands Global during the second quarter worth about $35,000. Headlands Technologies LLC grew its stake 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 valued at $36,000 after buying an additional 623 shares in the last quarter. Quarry LP increased its holdings in 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 during the last quarter. Signaturefd LLC lifted its stake in Dine Brands Global by 383.4% in the third quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock valued at $93,000 after acquiring an additional 2,358 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Dine Brands Global in the 2nd quarter valued at about $111,000. 92.83% of the stock is owned by institutional investors.

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.