Barclays Lowers Dine Brands Global (NYSE:DIN) Price Target to $26.00

Dine Brands Global (NYSE:DIN) had its price objective decreased by equities researchers at Barclays from $32.00 to $26.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s price objective would indicate a potential upside of 7.95% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. Wedbush cut their target price on shares of Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday. KeyCorp cut their target price on shares of Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. UBS Group reissued a “neutral” rating and set a $32.00 price objective (down previously from $44.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. Finally, Piper Sandler dropped their price objective on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $32.33.

Dine Brands Global Trading Down 0.8 %

DIN stock opened at $24.09 on Thursday. The firm’s 50-day moving average price is $28.00 and its two-hundred day moving average price is $30.51. Dine Brands Global has a 12-month low of $22.36 and a 12-month high of $51.35. The stock has a market capitalization of $367.20 million, a price-to-earnings ratio of 4.00 and a beta of 1.75.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.48). Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The firm had revenue of $204.80 million during the quarter, compared to analysts’ expectations of $200.75 million. During the same quarter in the previous year, the firm posted $1.40 EPS. Dine Brands Global’s revenue was down .7% compared to the same quarter last year. Equities analysts predict that Dine Brands Global will post 5.84 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers raised its holdings in shares of Dine Brands Global by 1.5% during the fourth quarter. Rhumbline Advisers now owns 24,006 shares of the restaurant operator’s stock valued at $723,000 after purchasing an additional 362 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Dine Brands Global by 6.3% during the fourth quarter. Russell Investments Group Ltd. now owns 7,032 shares of the restaurant operator’s stock valued at $212,000 after purchasing an additional 414 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Dine Brands Global by 9.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the restaurant operator’s stock valued at $237,000 after purchasing an additional 692 shares during the last quarter. Quadrature Capital Ltd raised its holdings in shares of Dine Brands Global by 6.4% during the third quarter. Quadrature Capital Ltd now owns 13,042 shares of the restaurant operator’s stock valued at $408,000 after purchasing an additional 786 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of Dine Brands Global by 36.3% during the third quarter. Quarry LP now owns 3,130 shares of the restaurant operator’s stock valued at $98,000 after purchasing an additional 834 shares during the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

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.