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

Dine Brands Global (NYSE:DIN) had its price objective cut by investment analysts at Barclays from $32.00 to $26.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s price objective points to a potential downside of 0.49% from the stock’s current price.

Several other brokerages have also issued reports on DIN. UBS Group restated a “neutral” rating and issued a $32.00 price objective (down from $44.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. KeyCorp reduced their price objective on shares of Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Piper Sandler cut their price target 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. Finally, Wedbush dropped their price objective on shares of Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $29.50.

Dine Brands Global Stock Up 2.5 %

NYSE DIN opened at $26.13 on Thursday. Dine Brands Global has a 52 week low of $22.36 and a 52 week high of $51.35. The business’s fifty day simple moving average is $27.80 and its 200-day simple moving average is $30.43. The firm has a market cap of $398.33 million, a PE ratio of 4.35 and a beta of 1.85.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DIN. Point72 DIFC Ltd purchased a new position in Dine Brands Global in the third quarter valued at $29,000. Mountain Hill Investment Partners Corp. acquired a new stake in Dine Brands Global in the fourth quarter valued at $30,000. Ancora Advisors LLC acquired a new stake in Dine Brands Global in the fourth quarter valued at $40,000. EMC Capital Management raised its stake in Dine Brands Global by 2,570.0% in the fourth quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator’s stock valued at $88,000 after buying an additional 2,827 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Dine Brands Global in the fourth quarter valued at $89,000. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

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.