Dine Brands Global (NYSE:DIN) Price Target Cut to $48.00 by Analysts at Piper Sandler

Dine Brands Global (NYSE:DINGet Free Report) had its price objective reduced by stock analysts at Piper Sandler from $49.00 to $48.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. Piper Sandler’s price target would indicate a potential upside of 9.61% from the company’s current price.

Several other brokerages have also recently commented on DIN. StockNews.com upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. KeyCorp reduced their target price on Dine Brands Global from $57.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Wedbush boosted their price target on Dine Brands Global from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Barclays dropped their price target on Dine Brands Global from $64.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, February 29th. Finally, Benchmark boosted their price target on Dine Brands Global from $63.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.57.

Check Out Our Latest Stock Report on Dine Brands Global

Dine Brands Global Trading Up 1.7 %

DIN stock traded up $0.74 during trading on Thursday, hitting $43.79. The company had a trading volume of 281,888 shares, compared to its average volume of 331,827. The business has a 50-day moving average of $45.37 and a 200-day moving average of $46.11. Dine Brands Global has a one year low of $41.76 and a one year high of $69.05. The stock has a market cap of $674.37 million, a PE ratio of 7.79 and a beta of 1.68.

Dine Brands Global (NYSE:DINGet Free Report) last announced its earnings results on Wednesday, May 8th. The restaurant operator reported $1.33 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.26). Dine Brands Global had a net margin of 10.59% and a negative return on equity of 35.31%. The company had revenue of $206.24 million during the quarter, compared to the consensus estimate of $210.54 million. During the same quarter in the previous year, the company earned $1.97 earnings per share. The business’s revenue was down 3.5% on a year-over-year basis. Research analysts forecast that Dine Brands Global will post 6.35 EPS for the current year.

Hedge Funds Weigh In On Dine Brands Global

Institutional investors have recently modified their holdings of the company. Landscape Capital Management L.L.C. purchased a new stake in Dine Brands Global in the 3rd quarter valued at $2,513,000. Nordea Investment Management AB raised its position in Dine Brands Global by 9.9% in the 4th quarter. Nordea Investment Management AB now owns 172,399 shares of the restaurant operator’s stock valued at $8,680,000 after buying an additional 15,546 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Dine Brands Global by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 174,178 shares of the restaurant operator’s stock valued at $8,613,000 after buying an additional 5,250 shares during the last quarter. First Eagle Investment Management LLC raised its position in Dine Brands Global by 48.5% in the 3rd quarter. First Eagle Investment Management LLC now owns 166,290 shares of the restaurant operator’s stock valued at $8,223,000 after buying an additional 54,280 shares during the last quarter. Finally, South Dakota Investment Council purchased a new stake in Dine Brands Global in the 3rd quarter valued at $2,580,000. 92.83% of the stock is owned by institutional investors and hedge funds.

Dine Brands Global Company Profile

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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.

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Analyst Recommendations for Dine Brands Global (NYSE:DIN)

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