Dine Brands Global (NYSE:DIN) Price Target Cut to $36.00 by Analysts at KeyCorp

Dine Brands Global (NYSE:DIN) had its price target reduced by stock analysts at KeyCorp from $37.00 to $36.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the restaurant operator’s stock. KeyCorp’s price target would indicate a potential upside of 10.02% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. Wedbush raised shares of Dine Brands Global from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $34.00 to $47.00 in a report on Tuesday, October 1st. Barclays cut their target price 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. Benchmark cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Truist Financial reissued a “hold” rating and issued a $37.00 price objective (down from $66.00) on shares of Dine Brands Global in a research note on Friday, October 4th. Finally, StockNews.com upgraded shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $46.43.

Dine Brands Global Stock Down 0.9 %

Shares of Dine Brands Global stock opened at $32.72 on Friday. Dine Brands Global has a 52-week low of $28.25 and a 52-week high of $53.26. The company has a 50 day moving average of $31.27 and a 200 day moving average of $36.18. The company has a market capitalization of $504.05 million, a P/E ratio of 5.82 and a beta of 1.71.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.07. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. The company had revenue of $206.30 million during the quarter, compared to the consensus estimate of $210.46 million. During the same quarter in the previous year, the firm earned $1.82 earnings per share. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. As a group, research analysts anticipate that Dine Brands Global will post 5.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dine Brands Global

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP increased its stake in Dine Brands Global by 32.8% in the 2nd quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock worth $83,000 after purchasing an additional 567 shares in the last quarter. Headlands Technologies LLC lifted its holdings 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 valued at $36,000 after buying an additional 623 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Dine Brands Global by 3.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 20,189 shares of the restaurant operator’s stock valued at $742,000 after buying an additional 695 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Dine Brands Global by 30.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 746 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new stake in shares of Dine Brands Global during the 2nd quarter valued at about $35,000. 92.83% of the stock is currently owned by 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.