Dine Brands Global (NYSE:DIN) Stock Gets Price Target Cut from Mizuho

Key Points

• Mizuho cut Dine Brands Global’s price target from $38 to $35 while maintaining a “neutral” rating, implying roughly 0.46% downside from the prior close.
• Analyst sentiment remains cautious: nine analysts rate the stock “Hold,” with an average rating of “Hold” and an average price target of $33.25.
• Dine Brands’ latest quarter showed mixed results, with revenue rising 4.4% year over year to $240.9 million but EPS of $1.16 missing estimates by $0.04; institutional investors own 92.83% of the shares.

Dine Brands Global (NYSE:DIN - Get Free Report) had its price objective lowered by analysts at Mizuho from $38.00 to $35.00 in a report released on Friday, Benzinga reports. The firm presently has a "neutral" rating on the restaurant operator's stock. Mizuho's price objective suggests a potential downside of 0.46% from the stock's previous close.

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

Dine Brands Global Price Performance

NYSE:DIN opened at $35.16 on Friday. The firm's 50 day simple moving average is $30.89 and its 200 day simple moving average is $31.74. Dine Brands Global has a one year low of $23.23 and a one year high of $39.68. The company has a market cap of $445.14 million, a PE ratio of 8.20 and a beta of 0.98.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.04). The business 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% compared to the same quarter last year. During the same quarter last year, the company posted $1.17 earnings per share. Equities research analysts expect that Dine Brands Global will post 4.27 EPS for the current year.

Institutional Investors Weigh In On Dine Brands Global

Large investors have recently modified their holdings of the company. Engineers Gate Manager LP boosted its position in shares of Dine Brands Global by 23.1% during the 2nd 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 increased its holdings in Dine Brands Global by 67.5% in the second quarter. Squarepoint Ops LLC now owns 73,583 shares of the restaurant operator's stock worth $2,642,000 after purchasing an additional 29,643 shares in the last quarter. Connective Capital Management LLC bought a new stake in Dine Brands Global in the second quarter worth approximately $168,000. Corient Private Wealth LP increased its holdings in Dine Brands Global by 64.9% in the second quarter. Corient Private Wealth LP now owns 55,953 shares of the restaurant operator's stock worth $2,009,000 after purchasing an additional 22,013 shares in the last quarter. Finally, AXQ Capital LP acquired a new position in Dine Brands Global in the second quarter valued at approximately $301,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

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.

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