Dine Brands Global (NYSE:DIN) had its price target hoisted by Wedbush from $50.00 to $55.00 in a report issued on Thursday, The Fly reports. They currently have an outperform rating on the restaurant operator’s stock. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on DIN. MKM Partners lifted their price target on Dine Brands Global from $40.00 to $50.00 and gave the company a neutral rating in a report on Thursday, April 30th. Zacks Investment Research upgraded Dine Brands Global from a hold rating to a buy rating and set a $44.00 target price for the company in a report on Monday, June 29th. SunTrust Banks boosted their target price on Dine Brands Global from $84.00 to $88.00 and gave the stock a buy rating in a report on Thursday, April 30th. Finally, ValuEngine upgraded Dine Brands Global from a sell rating to a hold rating in a report on Wednesday, May 27th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Dine Brands Global currently has a consensus rating of Buy and a consensus target price of $75.00.
DIN traded down $1.04 during midday trading on Thursday, hitting $45.43. The company’s stock had a trading volume of 847,178 shares, compared to its average volume of 727,025. The firm has a market cap of $745.96 million, a P/E ratio of -12.02 and a beta of 1.72. The firm has a 50-day moving average price of $41.46 and a two-hundred day moving average price of $52.98. Dine Brands Global has a 52-week low of $14.16 and a 52-week high of $104.46.
Institutional investors and hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. acquired a new position in shares of Dine Brands Global in the 4th quarter valued at approximately $4,807,000. NEXT Financial Group Inc acquired a new position in shares of Dine Brands Global in the 1st quarter valued at approximately $29,000. Optimum Investment Advisors raised its position in shares of Dine Brands Global by 93.3% in the 2nd quarter. Optimum Investment Advisors now owns 1,450 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Dine Brands Global by 64.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,748 shares of the restaurant operator’s stock valued at $74,000 after purchasing an additional 686 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Dine Brands Global by 100.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 1,798 shares of the restaurant operator’s stock valued at $52,000 after purchasing an additional 902 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors.
Dine Brands Global Company Profile
Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.
Further Reading: Oversold
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