Wedbush Reaffirms “Outperform” Rating for Dine Brands Global (NYSE:DIN)

Dine Brands Global (NYSE:DIN)‘s stock had its “outperform” rating reissued by equities researchers at Wedbush in a report released on Thursday,Benzinga reports. They currently have a $47.00 target price on the restaurant operator’s stock. Wedbush’s price target would indicate a potential upside of 36.51% from the stock’s current price. Wedbush also issued estimates for Dine Brands Global’s FY2024 earnings at $5.88 EPS, Q1 2025 earnings at $1.40 EPS and Q3 2025 earnings at $1.56 EPS.

A number of other research firms have also issued reports on DIN. Truist Financial reissued a “hold” rating and issued a $37.00 price target (down from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. KeyCorp cut their target price on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, October 18th. CL King cut shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. Finally, UBS Group reduced their price objective on Dine Brands Global from $56.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Dine Brands Global presently has a consensus rating of “Hold” and a consensus price target of $46.14.

Dine Brands Global Stock Performance

Shares of NYSE:DIN opened at $34.43 on Thursday. The firm has a 50 day simple moving average of $31.13 and a 200 day simple moving average of $34.97. Dine Brands Global has a 52 week low of $28.25 and a 52 week high of $52.05. The company has a market cap of $526.78 million, a PE ratio of 5.73 and a beta of 1.71.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, topping 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%. Dine Brands Global’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.46 earnings per share. On average, equities analysts predict that Dine Brands Global will post 5.77 earnings per share for the current year.

Institutional Trading of Dine Brands Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP increased its holdings in shares of Dine Brands Global by 32.8% during the 2nd quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock valued at $83,000 after acquiring an additional 567 shares during the last quarter. Headlands Technologies LLC grew its holdings in Dine Brands Global by 438.7% during the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 623 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Dine Brands Global by 3.6% in the second quarter. Nisa Investment Advisors LLC now owns 20,189 shares of the restaurant operator’s stock valued at $742,000 after purchasing an additional 695 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 buying an additional 746 shares during the last quarter. Finally, Summit Securities Group LLC bought a new stake in shares of Dine Brands Global during the 2nd quarter worth $35,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

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.