Wedbush Boosts Dine Brands Global (NYSE:DIN) Price Target to $55.00

Dine Brands Global (NYSE:DIN) had its price target hoisted by Wedbush from $50.00 to $55.00 in a report issued on Thursday, The Fly reports. They currently have an outperform rating on the restaurant operator’s stock. The analysts noted that the move was a valuation call.

Several other analysts have also recently commented on DIN. MKM Partners lifted their price target on Dine Brands Global from $40.00 to $50.00 and gave the company a neutral rating in a report on Thursday, April 30th. Zacks Investment Research upgraded Dine Brands Global from a hold rating to a buy rating and set a $44.00 target price for the company in a report on Monday, June 29th. SunTrust Banks boosted their target price on Dine Brands Global from $84.00 to $88.00 and gave the stock a buy rating in a report on Thursday, April 30th. Finally, ValuEngine upgraded Dine Brands Global from a sell rating to a hold rating in a report on Wednesday, May 27th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Dine Brands Global currently has a consensus rating of Buy and a consensus target price of $75.00.

DIN traded down $1.04 during midday trading on Thursday, hitting $45.43. The company’s stock had a trading volume of 847,178 shares, compared to its average volume of 727,025. The firm has a market cap of $745.96 million, a P/E ratio of -12.02 and a beta of 1.72. The firm has a 50-day moving average price of $41.46 and a two-hundred day moving average price of $52.98. Dine Brands Global has a 52-week low of $14.16 and a 52-week high of $104.46.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported ($0.87) EPS for the quarter, beating the consensus estimate of ($0.93) by $0.06. The company had revenue of $109.71 million during the quarter, compared to analysts’ expectations of $99.66 million. Dine Brands Global had a negative return on equity of 24.91% and a negative net margin of 8.13%. The firm’s revenue was down 51.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.71 EPS. On average, sell-side analysts forecast that Dine Brands Global will post 1.81 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. acquired a new position in shares of Dine Brands Global in the 4th quarter valued at approximately $4,807,000. NEXT Financial Group Inc acquired a new position in shares of Dine Brands Global in the 1st quarter valued at approximately $29,000. Optimum Investment Advisors raised its position in shares of Dine Brands Global by 93.3% in the 2nd quarter. Optimum Investment Advisors now owns 1,450 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Dine Brands Global by 64.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,748 shares of the restaurant operator’s stock valued at $74,000 after purchasing an additional 686 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Dine Brands Global by 100.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 1,798 shares of the restaurant operator’s stock valued at $52,000 after purchasing an additional 902 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.

Further Reading: Oversold

The Fly

Analyst Recommendations for Dine Brands Global (NYSE:DIN)

Receive News & Ratings for Dine Brands Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dine Brands Global and related companies with MarketBeat.com's FREE daily email newsletter.