Mizuho Issues Pessimistic Forecast for Dine Brands Global (NYSE:DIN) Stock Price

Dine Brands Global (NYSE:DIN) had its target price decreased by equities research analysts at Mizuho from $38.00 to $35.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Mizuho‘s target price indicates a potential downside of 0.46% from the company’s current price.

A number of other equities analysts have also recently issued reports on DIN. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a report on Monday, August 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Dine Brands Global in a research note on Friday, September 4th. Piper Sandler upped their price objective on shares of Dine Brands Global from $28.00 to $37.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Freedom Broker raised shares of Dine Brands Global to a “hold” rating in a research note on Monday, August 24th. Finally, Zacks Research raised shares of Dine Brands Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 15th. Nine investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $33.25.

Dine Brands Global Stock Performance

DIN stock opened at $35.16 on Friday. The stock’s 50 day simple moving average is $30.89 and its 200 day simple moving average is $31.74. The company has a market cap of $445.14 million, a P/E ratio of 8.20 and a beta of 0.98. Dine Brands Global has a fifty-two week low of $23.23 and a fifty-two week high of $39.68.

Dine Brands Global (NYSE:DIN) last announced 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 during the quarter, compared to analyst estimates of $237.28 million. Dine Brands Global had a net margin of 0.75% and a negative return on equity of 20.34%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the business posted $1.17 EPS. Equities analysts predict that Dine Brands Global will post 4.27 earnings per share for the current year.

Institutional Trading of Dine Brands Global

Several institutional investors and hedge funds have recently modified their holdings of DIN. Engineers Gate Manager LP lifted its holdings in shares of Dine Brands Global by 23.1% in the second quarter. Engineers Gate Manager LP now owns 16,067 shares of the restaurant operator’s stock valued at $577,000 after purchasing an additional 3,016 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Dine Brands Global by 67.5% during the second quarter. Squarepoint Ops LLC now owns 73,583 shares of the restaurant operator’s stock worth $2,642,000 after buying an additional 29,643 shares in the last quarter. Connective Capital Management LLC bought a new stake in Dine Brands Global during the second quarter worth $168,000. Corient Private Wealth LP raised its position in Dine Brands Global by 64.9% in the 2nd quarter. Corient Private Wealth LP now owns 55,953 shares of the restaurant operator’s stock valued at $2,009,000 after buying an additional 22,013 shares during the last quarter. Finally, AXQ Capital LP purchased a new stake in Dine Brands Global in the 2nd quarter valued at $301,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

Dine Brands Global Company Profile

Dine Brands Global, Inc is a franchisor and full-service restaurant company that operates a portfolio of well-known dining concepts. Its primary brands are Applebee’s Neighborhood Grill + Bar, which offers casual American dining, and IHOP, which specializes in pancakes, breakfast foods and other all-day meals. The company also owns Fuzzy’s Taco Shop, a fast-casual Mexican restaurant brand acquired in 2022.

Dine Brands generally operates through a franchise-based business model. Independent franchisees own and operate most restaurants under the company’s brands, while Dine Brands provides brand management, restaurant development support, marketing, training, technology and other services.