Brokerages Set Dine Brands Global, Inc. (NYSE:DIN) Price Target at $32.83

by · The Markets Daily

Dine Brands Global, Inc. (NYSE:DIN – Get Free Report) has received an average recommendation of “Reduce” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $32.8333.

Several brokerages recently issued reports on DIN. Barclays cut their target price on Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Dine Brands Global in a research note on Tuesday, June 9th. Mizuho set a $38.00 price objective on shares of Dine Brands Global in a report on Thursday, August 6th. Piper Sandler upped their target price on shares of Dine Brands Global from $28.00 to $37.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Finally, Zacks Research downgraded shares of Dine Brands Global from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th.

Get Our Latest Analysis on DIN

Dine Brands Global Trading Down 3.1%

DIN opened at $33.89 on Monday. Dine Brands Global has a 1-year low of $20.80 and a 1-year high of $39.68. The company has a market cap of $429.06 million, a price-to-earnings ratio of 72.11 and a beta of 0.96. The company’s fifty day moving average price is $35.03 and its two-hundred day moving average price is $31.63.

Dine Brands Global (NYSE:DIN – Get Free Report) last posted its earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.04). The business had revenue of $240.90 million for the quarter, compared to the consensus estimate of $237.28 million. Dine Brands Global had a negative return on equity of 20.34% and a net margin of 0.75%.The company’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.17 earnings per share. As a group, equities analysts forecast that Dine Brands Global will post 4.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dine Brands Global

Institutional investors have recently added to or reduced their stakes in the company. Garton & Associates Financial Advisors LLC bought a new position in shares of Dine Brands Global during the 4th quarter worth approximately $26,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Dine Brands Global during the second quarter valued at approximately $35,000. Financial Management Professionals Inc. increased its position in shares of Dine Brands Global by 45.4% during the fourth quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 326 shares during the last quarter. Advisory Services Network LLC purchased a new position in Dine Brands Global in the third quarter worth $27,000. Finally, Legal & General Group Plc purchased a new stake in shares of Dine Brands Global during the 2nd quarter valued at $43,000. 92.83% of the stock is owned by institutional investors.

Dine Brands Global Company Profile

(Get Free Report)

Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.

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