Zacks Investment Research Upgrades Dine Brands Global (DIN) to Hold
Dine Brands Global (NYSE:DIN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday.
According to Zacks, “Dine Brands Global, Inc. is a full-service dining company. It operates and franchises restaurants under both the Applebee’s Neighborhood Grill & Bar and IHOP brands. The company’s Applebee’s restaurants offer casual food, drinks, casual dining, and table services and IHOP restaurants provide full table services, and food and beverage offerings. Dine Brands Global, Inc. formerly known as Dine Equity Inc., is headquartered in Glendale, California. “
Several other equities analysts also recently commented on DIN. ValuEngine upgraded shares of Dine Brands Global from a “hold” rating to a “buy” rating in a report on Wednesday, November 28th. TheStreet upgraded shares of Dine Brands Global from a “d+” rating to a “c+” rating in a report on Friday, November 2nd. Maxim Group upped their price target on shares of Dine Brands Global from $101.00 to $115.00 and gave the company a “buy” rating in a report on Friday, September 28th. Finally, Raymond James downgraded shares of Dine Brands Global from a “strong-buy” rating to an “outperform” rating and upped their price target for the company from $92.50 to $108.00 in a report on Monday, September 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $104.00.
Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, October 31st. The restaurant operator reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.01. The firm had revenue of $194.10 million for the quarter, compared to analysts’ expectations of $185.98 million. Dine Brands Global had a net margin of 19.41% and a negative return on equity of 40.87%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. On average, equities analysts forecast that Dine Brands Global will post 5.25 EPS for the current fiscal year.
In related news, Director Larry Alan Kay sold 400 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $90.32, for a total transaction of $36,128.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.75% of the company’s stock.
A number of large investors have recently modified their holdings of DIN. Tompkins Financial Corp bought a new position in Dine Brands Global in the 3rd quarter worth about $109,000. Point72 Hong Kong Ltd bought a new position in Dine Brands Global in the 2nd quarter worth about $127,000. BlueMountain Capital Management LLC bought a new position in Dine Brands Global in the 3rd quarter worth about $146,000. Beacon Investment Advisory Services Inc. bought a new position in Dine Brands Global in the 2nd quarter worth about $207,000. Finally, Truvestments Capital LLC bought a new position in Dine Brands Global in the 2nd quarter worth about $221,000.
About Dine Brands Global
Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.
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