Shares of Dine Brands Global, Inc. (NYSE:DIN – Get Rating) earned a consensus “moderate buy” rating from the nine analysts who currently cover the stock, Marketbeat reports. One research analyst gave the stock a hold rating and six gave the company a buy rating. The 12-month average target price among brokers who have quoted the stock over the past year is $93.00.
A number of brokerages have recently released DIN reports. StockNews.com upgraded Dine Brands Global from a “buy” rating to a “hold” rating in a Saturday, August 13 research rating. Barclays raised its price target on Dine Brands Global from $88.00 to $90.00 and gave the stock an “overweight” rating in a Wednesday August 10 research note. Truist Financial cut its price target on Dine Brands Global from $106.00 to $97.00 and placed a “buy” rating on the stock in a Wednesday, August 10 research note. KeyCorp reduced its target price on Dine Brands Global from $90.00 to $85.00 and set an “overweight” rating on the stock in a Friday, July 22 research note. Finally, Raymond James lowered his target price on Dine Brands Global shares from $95.00 to $85.00 in a Tuesday, July 19 report.
Hedge funds weigh on Dine Brands Global
A number of institutional investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its stake in Dine Brands Global by 17.4% during Q2. Thrivent Financial for Lutherans now owns 16,457 shares of the restaurateur worth $1,071,000 after acquiring 2,441 additional shares last quarter. Pentwater Capital Management LP increased its stake in shares of Dine Brands Global by 11.0% during the second quarter. Pentwater Capital Management LP now owns 220,000 shares of the restaurateur worth $14,318,000 after buying 21,759 additional shares in the last quarter. Samlyn Capital LLC acquired a new stake in shares of Dine Brands Global during Q2 worth approximately $25,465,000. Sei Investments Co. increased its holdings of Dine Brands Global shares by 105.8% in Q2. Sei Investments Co. now owns 11,543 shares of the restaurateur worth $752,000 after acquiring 5,934 additional shares during the period. Finally, Simcoe Capital Management LLC increased its stake in Dine Brands Global by 29.4% in the second quarter. Simcoe Capital Management LLC now owns 702,825 shares of the restaurant owner valued at $45,740,000 after purchasing an additional 159,855 shares during the period. 91.51% of the shares are held by hedge funds and other institutional investors.
Dine Brands Global Price Performance
NYSE: DIN opened at $70.01 on Friday. Dine Brands Global has a 1 year minimum of $61.29 and a 1 year maximum of $95.00. The company has a market capitalization of $1.10 billion, a P/E ratio of 13.04 and a beta of 1.82. The stock’s fifty-day moving average price is $69.61 and its two-hundred-day moving average price is $72.47.
Dine Brands Global (NYSE:DIN – Get Rating) last released quarterly earnings data on Tuesday, August 9. The restaurateur reported earnings per share (EPS) of $1.65 for the quarter, beating analyst consensus estimates of $1.64 by $0.01. Dine Brands Global recorded a negative return on equity of 38.58% and a net margin of 9.90%. The company posted revenue of $237.79 million for the quarter, versus a consensus estimate of $236.25 million. In the same quarter last year, the company posted earnings per share of $1.94. The company’s revenue increased by 1.8% compared to the same quarter last year. On average, analysts expect Dine Brands Global to post earnings per share of 5.81 for the current fiscal year.
Dine Brands Global Company Profile
(Get a rating)
Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates and leases full-service restaurants in the United States and around the world. It operates through five segments: Applebee franchise operations, International House of Pancakes (IHOP) franchise operations, rental operations, financing operations and company-operated restaurant operations.
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