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

Dine Brands Global (NYSE:DIN)‘s stock had its “outperform” rating reaffirmed by Wedbush in a report issued on Friday,Benzinga reports. They presently have a $47.00 price target on the restaurant operator’s stock. Wedbush’s target price points to a potential upside of 33.14% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Truist Financial reiterated a “hold” rating and issued a $37.00 price target (down from $66.00) on shares of Dine Brands Global in a research note on Friday, October 4th. CL King downgraded Dine Brands Global from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Benchmark restated a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. StockNews.com cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, KeyCorp decreased 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. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $46.14.

Dine Brands Global Price Performance

DIN stock opened at $35.30 on Friday. Dine Brands Global has a fifty-two week low of $28.25 and a fifty-two week high of $52.05. The stock has a market capitalization of $538.18 million, a price-to-earnings ratio of 5.87 and a beta of 1.71. The business’s fifty day moving average price is $31.49 and its two-hundred day moving average price is $34.60.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. The business had revenue of $195.00 million for the quarter, compared to analyst estimates of $198.40 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. Dine Brands Global’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the firm earned $1.46 earnings per share. Research analysts expect that Dine Brands Global will post 5.83 EPS for the current year.

Hedge Funds Weigh In On Dine Brands Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in DIN. Headlands Technologies LLC increased its holdings in shares of Dine Brands Global by 438.7% during the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after buying an additional 623 shares in the last quarter. Clearline Capital LP grew its position in Dine Brands Global by 225.0% during the 2nd quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock worth $4,510,000 after acquiring an additional 86,241 shares during the last quarter. Olstein Capital Management L.P. increased its holdings in Dine Brands Global by 25.1% in the 3rd quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock worth $9,438,000 after purchasing an additional 60,605 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in Dine Brands Global by 19.8% in the second quarter. Cubist Systematic Strategies LLC now owns 148,286 shares of the restaurant operator’s stock valued at $5,368,000 after purchasing an additional 24,556 shares during the last quarter. Finally, LSV Asset Management raised its position in Dine Brands Global by 2.8% in the second quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock valued at $23,932,000 after purchasing an additional 18,200 shares during the last quarter. Institutional investors 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.