StockNews.com Upgrades Dine Brands Global (NYSE:DIN) to Buy

Dine Brands Global (NYSE:DIN) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

DIN has been the topic of several other reports. Truist Financial upped their target price on Dine Brands Global from $70.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Wedbush boosted their target price on shares of Dine Brands Global from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Benchmark increased their target price on Dine Brands Global from $63.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Barclays decreased their price target on shares of Dine Brands Global from $64.00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, February 29th. Finally, KeyCorp decreased their target price on shares of Dine Brands Global from $57.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Dine Brands Global presently has an average rating of “Moderate Buy” and an average target price of $59.43.

Dine Brands Global Stock Performance

Shares of Dine Brands Global stock traded up $0.16 on Friday, reaching $43.83. 328,096 shares of the stock were exchanged, compared to its average volume of 260,491. The firm has a market cap of $677.17 million, a PE ratio of 7.04 and a beta of 1.68. The firm’s 50 day moving average is $45.72 and its 200-day moving average is $46.36. Dine Brands Global has a one year low of $42.00 and a one year high of $69.05.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, February 28th. The restaurant operator reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.28. Dine Brands Global had a negative return on equity of 37.72% and a net margin of 11.69%. The company had revenue of $206.30 million during the quarter, compared to analysts’ expectations of $206.24 million. During the same quarter in the previous year, the firm earned $1.34 EPS. Dine Brands Global’s revenue was down .8% on a year-over-year basis. On average, equities research analysts expect that Dine Brands Global will post 6.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Dine Brands Global

A number of hedge funds and other institutional investors have recently modified their holdings of DIN. Bank of New York Mellon Corp boosted its position in Dine Brands Global by 1.2% in the third quarter. Bank of New York Mellon Corp now owns 198,807 shares of the restaurant operator’s stock worth $9,831,000 after purchasing an additional 2,448 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Dine Brands Global by 6.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,223,107 shares of the restaurant operator’s stock valued at $60,483,000 after buying an additional 77,917 shares during the period. Nisa Investment Advisors LLC raised its position in Dine Brands Global by 105.3% in the third quarter. Nisa Investment Advisors LLC now owns 20,863 shares of the restaurant operator’s stock worth $1,032,000 after acquiring an additional 10,700 shares during the period. Illinois Municipal Retirement Fund purchased a new stake in Dine Brands Global in the 3rd quarter worth about $461,000. Finally, South Dakota Investment Council bought a new stake in Dine Brands Global during the third quarter valued at $2,580,000. Hedge funds and other institutional investors 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.