Dine Brands Global, Inc. (NYSE:DIN) Given Average Recommendation of "Reduce" by Analysts

Key Points

• Analysts rate Dine Brands Global “Reduce” on average: Eight analysts include one sell and seven hold ratings, with an average 12-month price target of $32.83 versus the stock’s $35.31 opening price.
• Dine Brands reported quarterly EPS of $1.16, missing the $1.20 consensus estimate, while revenue of $240.9 million exceeded expectations and rose 4.4% year over year.
• The stock has traded between $20.80 and $39.68 over the past year, and institutional investors hold a substantial 92.83% of outstanding shares.

Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) has been assigned an average rating of "Reduce" from the eight analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $32.8333.

Several research firms recently issued reports on DIN. Barclays lowered their price objective on Dine Brands Global from $30.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 7th. Piper Sandler lifted their target price on Dine Brands Global from $28.00 to $37.00 and gave the stock a "neutral" rating 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 Tuesday, June 9th. Benchmark reaffirmed a "hold" rating on shares of Dine Brands Global in a report on Monday, August 10th. Finally, Mizuho set a $38.00 price objective on Dine Brands Global in a research report on Thursday, August 6th.

Dine Brands Global Stock Performance

Shares of Dine Brands Global stock opened at $35.31 on Monday. The company has a 50-day simple moving average of $34.84 and a two-hundred day simple moving average of $31.62. The stock has a market capitalization of $447.02 million, a PE ratio of 75.13 and a beta of 0.96. Dine Brands Global has a 52-week low of $20.80 and a 52-week high of $39.68.

Dine Brands Global (NYSE:DIN - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to analysts' expectations 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 quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.17 EPS. As a group, equities research analysts forecast that Dine Brands Global will post 4.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Dine Brands Global

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Garton & Associates Financial Advisors LLC bought a new stake in shares of Dine Brands Global in the fourth quarter worth approximately $26,000. Advisory Services Network LLC bought a new position in Dine Brands Global during the third quarter valued at approximately $27,000. Financial Management Professionals Inc. boosted its holdings in Dine Brands Global by 45.4% in the fourth quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 326 shares during the last quarter. Legal & General Group Plc purchased a new stake in Dine Brands Global in the second quarter worth approximately $43,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Dine Brands Global in the third quarter worth approximately $50,000. Institutional investors own 92.83% of the company's stock.

About Dine Brands Global

Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company's primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee's Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.

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