Dine Brands Global (NYSE:DIN) Given New $46.00 Price Target at Wedbush

Dine Brands Global (NYSE:DIN) had its target price dropped by research analysts at Wedbush from $48.00 to $46.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Wedbush’s price objective would indicate a potential upside of 5.55% from the stock’s current price.

Several other equities research analysts have also recently issued reports on DIN. KeyCorp lowered their price objective 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. Truist Financial boosted their price target on Dine Brands Global from $70.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, February 29th. StockNews.com upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Benchmark upped 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. Finally, Piper Sandler dropped their price target on Dine Brands Global from $49.00 to $48.00 and set a “neutral” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.00.

Dine Brands Global Stock Performance

DIN opened at $43.58 on Thursday. Dine Brands Global has a 12 month low of $41.76 and a 12 month high of $69.05. The stock has a 50-day moving average of $45.58 and a 200 day moving average of $46.17. The firm has a market cap of $673.44 million, a P/E ratio of 7.00 and a beta of 1.68.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, May 8th. The restaurant operator reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.26). The business had revenue of $206.24 million for the quarter, compared to the consensus estimate of $210.54 million. Dine Brands Global had a negative return on equity of 37.72% and a net margin of 11.69%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.97 earnings per share. On average, research analysts forecast that Dine Brands Global will post 6.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quarry LP boosted its position in shares of Dine Brands Global by 207.2% in the 4th quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 489 shares in the last quarter. Headlands Technologies LLC boosted its holdings in Dine Brands Global by 438.7% in the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 623 shares in the last quarter. Longfellow Investment Management Co. LLC purchased a new stake in shares of Dine Brands Global during the fourth quarter worth about $187,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Dine Brands Global by 127.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,254 shares of the restaurant operator’s stock valued at $211,000 after purchasing an additional 2,381 shares during the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in Dine Brands Global in the 3rd quarter worth approximately $223,000. 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.