Dine Brands Global (NYSE:DIN) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded Dine Brands Global from “strong sell” to “hold,” joining a broader analyst consensus of “hold” with an average price target of $32.83.
• Dine Brands reported quarterly EPS of $1.16, missing estimates of $1.20, while revenue reached $240.9 million and rose 4.4% year over year.
• The stock opened at $27.44, well below its 52-week high of $39.68, and institutional investors own approximately 92.83% of outstanding shares.

Dine Brands Global (NYSE:DIN - Get Free Report) was upgraded by Zacks Research from a "strong sell" rating to a "hold" rating in a note issued to investors on Tuesday, Zacks reports.

A number of other research analysts also recently commented on the company. Piper Sandler increased their target price 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. Mizuho set a $38.00 price target on shares of Dine Brands Global in a research note on Thursday, August 6th. Freedom Broker raised shares of Dine Brands Global to a "hold" rating in a research note on Monday, August 24th. Benchmark restated a "hold" rating on shares of Dine Brands Global in a report on Monday, August 10th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Dine Brands Global in a research report on Friday, September 4th. Nine research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $32.83.

Dine Brands Global Stock Up 1.3%

DIN opened at $27.44 on Tuesday. The firm has a 50-day simple moving average of $33.96 and a two-hundred day simple moving average of $31.41. Dine Brands Global has a 52 week low of $22.85 and a 52 week high of $39.68. The company has a market capitalization of $347.35 million, a PE ratio of 58.38 and a beta of 0.94.

Dine Brands Global (NYSE:DIN - Get Free Report) last issued its 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 firm had revenue of $240.90 million during the quarter, compared to the consensus estimate of $237.28 million. Dine Brands Global had a negative return on equity of 20.34% and a net margin of 0.75%.The company's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. As a group, sell-side analysts expect that Dine Brands Global will post 4.25 earnings per share for the current year.

Institutional Trading of Dine Brands Global

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

About Dine Brands Global

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.

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