Dine Brands Global (NYSE:DIN) Stock Rating Upgraded by Zacks Research

Dine Brands Global (NYSE:DIN) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

DIN has been the subject of several other research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dine Brands Global in a research note on Friday, September 4th. Freedom Broker upgraded shares of Dine Brands Global to a “hold” rating in a research report on Monday, August 24th. Mizuho set a $38.00 target price on shares of Dine Brands Global in a report on Thursday, August 6th. Piper Sandler increased their price target on shares of Dine Brands Global from $28.00 to $37.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Finally, Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research note on Monday, August 10th. Nine research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $32.83.

Dine Brands Global Stock Up 1.3%

Shares of Dine Brands Global stock opened at $27.44 on Tuesday. Dine Brands Global has a twelve month low of $22.85 and a twelve month high of $39.68. The company’s 50 day moving average is $33.96 and its 200 day moving average is $31.41. The company has a market cap of $347.35 million, a price-to-earnings ratio of 58.38 and a beta of 0.94.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Wednesday, August 5th. The restaurant operator reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). The firm had revenue of $240.90 million for the quarter, compared to analysts’ expectations of $237.28 million. Dine Brands Global had a net margin of 0.75% and a negative return on equity of 20.34%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.17 EPS. Sell-side analysts expect that Dine Brands Global will post 4.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Dine Brands Global

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Dine Brands Global in the second quarter valued at $47,832,000. Cibc World Market Inc. bought a new position in Dine Brands Global during the 2nd quarter valued at about $25,212,000. Bank of America Corp DE purchased a new stake in shares of Dine Brands Global in the second quarter worth approximately $5,380,000. 4D Advisors LLC purchased a new stake in Dine Brands Global in the fourth quarter worth $4,339,000. Finally, Bank of New York Mellon Corp purchased a new position in Dine Brands Global in the 2nd quarter worth about $4,774,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Dine Brands Global Company Profile

Dine Brands Global, Inc is a full-service restaurant company that owns, franchises and operates restaurant brands. Its principal concepts are Applebee’s Neighborhood Grill + Bar, a casual-dining chain known for burgers, steaks, beverages and other American dishes, and IHOP, which specializes in pancakes, breakfast foods and all-day dining.

The company also owns Fuzzy’s Taco Shop, a fast-casual Mexican restaurant concept offering tacos, burritos, quesadillas and related menu items. Dine Brands primarily supports its brands through franchising and licensing, providing franchisees with brand management, restaurant development, marketing, training and operational support.

Through its franchise and licensing relationships, Dine Brands serves customers in the United States and select international markets.