Mizuho Raises Dine Brands Global (NYSE:DIN) Price Target to $36.00

Dine Brands Global (NYSE:DIN) had its price target hoisted by equities research analysts at Mizuho from $30.00 to $36.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Mizuho’s price objective indicates a potential upside of 1.02% from the company’s previous close.

Other analysts have also recently issued reports about the company. Barclays lowered their price target on Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. KeyCorp restated a “sector weight” rating on shares of Dine Brands Global in a research note on Thursday, April 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dine Brands Global in a research report on Tuesday, June 9th. Finally, Zacks Research raised shares of Dine Brands Global from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Seven equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.60.

Dine Brands Global Stock Performance

Shares of NYSE:DIN traded down $0.36 during midday trading on Friday, reaching $35.64. 48,477 shares of the company’s stock were exchanged, compared to its average volume of 393,104. The company’s 50 day simple moving average is $33.68 and its two-hundred day simple moving average is $31.73. Dine Brands Global has a 12 month low of $19.58 and a 12 month high of $39.68. The firm has a market capitalization of $452.22 million, a PE ratio of 35.29 and a beta of 0.95.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.12). Dine Brands Global had a net margin of 1.77% and a negative return on equity of 23.28%. The company had revenue of $225.20 million during the quarter, compared to the consensus estimate of $222.08 million. During the same quarter in the prior year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, research analysts anticipate that Dine Brands Global will post 4.2 earnings per share for the current year.

Insider Buying and Selling

In other Dine Brands Global news, Director Michael Hyter sold 1,800 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $28.88, for a total transaction of $51,984.00. Following the sale, the director owned 9,315 shares of the company’s stock, valued at $269,017.20. This represents a 16.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dine Brands Global

A number of large investors have recently modified their holdings of the stock. AdvisorShares Investments LLC raised its position in Dine Brands Global by 8.2% in the 4th quarter. AdvisorShares Investments LLC now owns 3,758 shares of the restaurant operator’s stock worth $121,000 after purchasing an additional 284 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Dine Brands Global by 8.8% in the 4th quarter. Quadrant Capital Group LLC now owns 3,821 shares of the restaurant operator’s stock valued at $123,000 after buying an additional 309 shares during the last quarter. Financial Management Professionals Inc. boosted its position in Dine Brands Global by 45.4% in the 4th quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 326 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Dine Brands Global by 1.2% in the 4th quarter. Russell Investments Group Ltd. now owns 28,282 shares of the restaurant operator’s stock valued at $909,000 after buying an additional 326 shares during the period. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of Dine Brands Global in the 4th quarter valued at $26,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

About Dine Brands Global

Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.