StockNews.com Upgrades Dine Brands Global (NYSE:DIN) to Buy

Dine Brands Global (NYSE:DIN) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

Other research analysts have also recently issued research reports about the company. Barclays cut 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. Benchmark increased their target price 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. Wedbush lifted their price target on shares of Dine Brands Global from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Truist Financial increased 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. Finally, KeyCorp dropped their target price 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $59.43.

Dine Brands Global Stock Up 0.4 %

DIN opened at $43.83 on Friday. The firm’s 50 day moving average is $45.72 and its 200-day moving average is $46.32. Dine Brands Global has a 52-week low of $42.00 and a 52-week high of $69.05. The firm has a market capitalization of $677.17 million, a P/E ratio of 7.04 and a beta of 1.68.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, February 28th. The restaurant operator reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.28. Dine Brands Global had a net margin of 11.69% and a negative return on equity of 37.72%. The business had revenue of $206.30 million during the quarter, compared to analyst estimates of $206.24 million. During the same period last year, the business earned $1.34 EPS. The business’s revenue was down .8% on a year-over-year basis. Equities analysts expect that Dine Brands Global will post 6.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dine Brands Global

Several institutional investors and hedge funds have recently bought and sold shares of the business. Landscape Capital Management L.L.C. bought a new position in shares of Dine Brands Global during the third quarter valued at approximately $2,513,000. Nordea Investment Management AB grew its stake in Dine Brands Global by 9.9% during the 4th quarter. Nordea Investment Management AB now owns 172,399 shares of the restaurant operator’s stock worth $8,680,000 after buying an additional 15,546 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Dine Brands Global by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 174,178 shares of the restaurant operator’s stock worth $8,613,000 after buying an additional 5,250 shares during the period. First Eagle Investment Management LLC lifted its stake in Dine Brands Global by 48.5% in the third 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 acquired a new position in shares of Dine Brands Global during the third quarter valued at $2,580,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

About Dine Brands Global

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.