Dine Brands Global, Inc. (NYSE:DIN) Receives $48.86 Average Target Price from Analysts

Dine Brands Global, Inc. (NYSE:DIN) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $48.86.

Several equities research analysts have issued reports on the company. UBS Group dropped their price objective on Dine Brands Global from $56.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Barclays lowered their price target on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Wedbush lowered their price target on Dine Brands Global from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Piper Sandler lowered their price target on Dine Brands Global from $49.00 to $48.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. Finally, Benchmark downgraded Dine Brands Global from a “buy” rating to a “hold” rating in a report on Thursday, August 8th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. LSV Asset Management grew its stake in Dine Brands Global by 2.8% during the 2nd quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock worth $23,932,000 after buying an additional 18,200 shares during the last quarter. Marshall Wace LLP boosted its position in Dine Brands Global by 3.2% during the 2nd quarter. Marshall Wace LLP now owns 278,087 shares of the restaurant operator’s stock worth $10,067,000 after acquiring an additional 8,518 shares during the period. First Eagle Investment Management LLC boosted its position in Dine Brands Global by 9.9% during the 1st quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock worth $12,086,000 after acquiring an additional 23,400 shares during the period. Olstein Capital Management L.P. boosted its position in Dine Brands Global by 6.9% during the 2nd quarter. Olstein Capital Management L.P. now owns 241,600 shares of the restaurant operator’s stock worth $8,746,000 after acquiring an additional 15,600 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Dine Brands Global by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 233,464 shares of the restaurant operator’s stock worth $8,451,000 after acquiring an additional 4,427 shares during the period. 92.83% of the stock is currently owned by institutional investors.

Dine Brands Global Stock Up 2.1 %

DIN stock opened at $32.50 on Thursday. Dine Brands Global has a 52-week low of $29.25 and a 52-week high of $56.50. The stock’s 50 day moving average is $33.76 and its two-hundred day moving average is $40.21. The company has a market capitalization of $500.66 million, a PE ratio of 5.78 and a beta of 1.74.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.07. Dine Brands Global had a negative return on equity of 35.31% and a net margin of 10.59%. The company had revenue of $206.30 million for the quarter, compared to the consensus estimate of $210.46 million. During the same period in the previous year, the business earned $1.82 EPS. Dine Brands Global’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dine Brands Global will post 6.16 EPS for the current year.

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.