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

Dine Brands Global (NYSE:DIN) had its target price cut by equities researchers at Piper Sandler from $49.00 to $48.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Piper Sandler’s price objective indicates a potential upside of 10.14% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. KeyCorp lowered their price target on shares of Dine Brands Global from $57.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Barclays lowered their price objective 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. StockNews.com upgraded shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Benchmark boosted their price target on shares of Dine Brands Global from $63.00 to $68.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Finally, Truist Financial lifted their price objective on shares of Dine Brands Global from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $59.00.

Dine Brands Global Price Performance

DIN stock opened at $43.58 on Thursday. The firm has a market capitalization of $673.44 million, a PE ratio of 7.00 and a beta of 1.68. The stock’s 50 day moving average is $45.58 and its 200-day moving average is $46.17. Dine Brands Global has a twelve month low of $41.76 and a twelve month high of $69.05.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP increased its stake in Dine Brands Global by 207.2% in the fourth quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 489 shares during the last quarter. Headlands Technologies LLC boosted its position in Dine Brands Global by 438.7% during the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 623 shares during the period. Longfellow Investment Management Co. LLC bought a new stake in Dine Brands Global in the 4th quarter worth $187,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Dine Brands Global by 127.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,254 shares of the restaurant operator’s stock valued at $211,000 after acquiring an additional 2,381 shares during the period. Finally, D.A. Davidson & CO. bought a new position in shares of Dine Brands Global during the third quarter valued at about $223,000. 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.