Dine Brands Global’s (DIN) “Neutral” Rating Reiterated at UBS Group

Dine Brands Global (NYSE:DIN)‘s stock had its “neutral” rating reiterated by UBS Group in a research report issued on Tuesday, MarketBeat Ratings reports. They currently have a $32.00 price target on the restaurant operator’s stock, down from their prior price target of $44.00. UBS Group’s price objective points to a potential upside of 17.00% from the stock’s current price.

DIN has been the topic of a number of other reports. KeyCorp dropped their target price on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. Piper Sandler reduced their price objective on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. Barclays reiterated an “equal weight” rating and issued a $32.00 price target (down previously from $43.00) on shares of Dine Brands Global in a research report on Tuesday. Finally, CL King downgraded Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Dine Brands Global presently has a consensus rating of “Hold” and a consensus price target of $41.43.

Dine Brands Global Price Performance

DIN opened at $27.35 on Tuesday. The business has a 50 day moving average price of $32.24 and a two-hundred day moving average price of $32.28. The company has a market capitalization of $416.98 million, a price-to-earnings ratio of 4.55 and a beta of 1.75. Dine Brands Global has a 1-year low of $26.85 and a 1-year high of $51.35.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.10. The business had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $198.40 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the business posted $1.46 earnings per share. Equities analysts expect that Dine Brands Global will post 5.84 EPS for the current fiscal year.

Hedge Funds Weigh In On Dine Brands Global

A number of large investors have recently made changes to their positions in the business. Quarry LP grew its position in Dine Brands Global by 32.8% during the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock valued at $83,000 after purchasing an additional 567 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Dine Brands Global by 30.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock worth $117,000 after acquiring an additional 746 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 worth $408,000 after acquiring an additional 786 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Dine Brands Global during the third quarter valued at $29,000. Finally, Public Sector Pension Investment Board grew its stake in Dine Brands Global by 5.0% in the second quarter. Public Sector Pension Investment Board now owns 33,879 shares of the restaurant operator’s stock valued at $1,226,000 after purchasing an additional 1,601 shares in the last quarter. Institutional investors and hedge funds own 92.83% 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) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.