Dine Brands Global (NYSE:DIN) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of Dine Brands Global (NYSE:DIN) from a hold rating to a buy rating in a research report report published on Monday.

DIN has been the subject of a number of other research reports. Wedbush cut their price target on shares of Dine Brands Global from $37.00 to $34.00 and set a neutral rating for the company in a research note on Thursday, August 8th. Benchmark cut shares of Dine Brands Global from a buy rating to a hold rating in a research note on Thursday, August 8th. KeyCorp cut their price target on shares of Dine Brands Global from $40.00 to $37.00 and set an overweight rating for the company in a research note on Thursday, August 8th. Piper Sandler cut their price target on shares of Dine Brands Global from $49.00 to $48.00 and set a neutral rating for the company in a research note on Thursday, May 9th. Finally, Truist Financial cut their price target on shares of Dine Brands Global from $71.00 to $66.00 and set a buy rating for the company in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $48.86.

Dine Brands Global Trading Up 4.7 %

Shares of DIN opened at $31.62 on Monday. Dine Brands Global has a 12 month low of $29.25 and a 12 month high of $55.35. The firm has a fifty day simple moving average of $33.24 and a 200 day simple moving average of $39.80. The stock has a market capitalization of $487.11 million, a price-to-earnings ratio of 5.63 and a beta of 1.74.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 EPS for the quarter, topping the consensus estimate of $1.64 by $0.07. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. The business had revenue of $206.30 million during the quarter, compared to analysts’ expectations of $210.46 million. During the same quarter in the prior year, the company posted $1.82 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. As a group, research analysts predict that Dine Brands Global will post 5.86 earnings per share for the current fiscal year.

Institutional Trading of Dine Brands Global

A number of hedge funds have recently modified their holdings of DIN. Summit Securities Group LLC acquired a new stake in shares of Dine Brands Global during the 2nd quarter worth about $35,000. Quarry LP increased its position in Dine Brands Global by 207.2% during the fourth quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 489 shares during the period. Headlands Technologies LLC increased its position in 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 acquiring an additional 623 shares during the period. SG Americas Securities LLC bought a new position in Dine Brands Global during the second quarter worth about $111,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Dine Brands Global by 30.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock worth $117,000 after acquiring an additional 746 shares during the period. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Company Profile

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.