Dine Brands Global (NYSE:DIN) Reaches New 12-Month Low at $53.40

Dine Brands Global, Inc. (NYSE:DIN)’s share price reached a new 52-week low on Tuesday . The company traded as low as $53.40 and last traded at $53.59, with a volume of 336008 shares changing hands. The stock had previously closed at $54.82.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. 888 reaffirmed a “downgrade” rating on shares of Dine Brands Global in a research report on Wednesday, June 14th. Piper Sandler assumed coverage on shares of Dine Brands Global in a research note on Monday, July 17th. They issued a “neutral” rating and a $63.00 target price on the stock. KeyCorp decreased their price target on shares of Dine Brands Global from $78.00 to $68.00 in a research note on Wednesday, July 19th. Truist Financial dropped their price objective on Dine Brands Global from $92.00 to $78.00 and set a “buy” rating on the stock in a research note on Friday, August 4th. Finally, Wedbush reissued a “neutral” rating and issued a $65.00 target price on shares of Dine Brands Global in a research report on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.50.

Dine Brands Global Stock Down 0.7 %

The company has a market cap of $827.26 million, a PE ratio of 10.77 and a beta of 1.83. The stock has a 50-day moving average of $57.29 and a 200-day moving average of $63.04.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.29. Dine Brands Global had a negative return on equity of 36.32% and a net margin of 9.03%. The firm had revenue of $208.40 million for the quarter, compared to analysts’ expectations of $209.60 million. During the same quarter last year, the firm posted $1.65 EPS. The company’s revenue was down 12.4% compared to the same quarter last year. Research analysts expect that Dine Brands Global, Inc. will post 6.46 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Dine Brands Global in the 2nd quarter worth about $45,000. Captrust Financial Advisors boosted its stake in Dine Brands Global by 132.3% in the first quarter. Captrust Financial Advisors now owns 929 shares of the restaurant operator’s stock worth $73,000 after buying an additional 529 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Dine Brands Global by 27.1% during the second quarter. PNC Financial Services Group Inc. now owns 1,019 shares of the restaurant operator’s stock valued at $59,000 after acquiring an additional 217 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Dine Brands Global during the first quarter worth approximately $85,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Dine Brands Global by 57.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,094 shares of the restaurant operator’s stock worth $70,000 after acquiring an additional 397 shares during the last quarter. Institutional investors own 90.61% 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), Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.