Dine Brands Global (NYSE:DIN) Price Target Cut to $22.00 by Analysts at Barclays

Key Points

• Barclays has reduced its price target for Dine Brands Global from $24.00 to $22.00, maintaining an "equal weight" rating on the stock, indicating a potential upside of 9.05% from the last closing price.
• UBS Group also downgraded its target price for Dine Brands Global to $21.00, while KeyCorp raised theirs to $30.00, highlighting mixed sentiment among analysts regarding the company's stock.
• Dine Brands Global reported earnings of $1.17 per share for the latest quarter, falling short of analysts' expectations, with revenue exceeding forecasts at $230.78 million.

Dine Brands Global (NYSE:DIN - Get Free Report) had its price target reduced by stock analysts at Barclays from $24.00 to $22.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the restaurant operator's stock. Barclays's price target would indicate a potential upside of 9.05% from the company's previous close.

Several other equities analysts have also weighed in on the stock. UBS Group cut their target price on shares of Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. KeyCorp increased their price target on Dine Brands Global from $26.00 to $30.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Finally, Truist Financial dropped their price objective on Dine Brands Global from $27.00 to $23.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $26.57.

Dine Brands Global Trading Down 1.2%

Shares of NYSE DIN opened at $20.17 on Thursday. Dine Brands Global has a 1-year low of $18.63 and a 1-year high of $37.44. The firm's 50-day moving average price is $24.88 and its 200-day moving average price is $24.54. The firm has a market capitalization of $315.32 million, a P/E ratio of 5.54 and a beta of 1.16.

Dine Brands Global (NYSE:DIN - Get Free Report) last issued its earnings results on Wednesday, August 6th. The restaurant operator reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.32). The firm had revenue of $230.78 million during the quarter, compared to analysts' expectations of $222.69 million. Dine Brands Global had a negative return on equity of 34.70% and a net margin of 6.69%. The firm's quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $1.71 earnings per share. Equities research analysts forecast that Dine Brands Global will post 5.84 EPS for the current year.

Institutional Trading of Dine Brands Global

A number of hedge funds have recently modified their holdings of DIN. KLP Kapitalforvaltning AS bought a new position in Dine Brands Global in the 4th quarter valued at $89,000. Geode Capital Management LLC grew its stake in shares of Dine Brands Global by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 353,558 shares of the restaurant operator's stock worth $10,644,000 after purchasing an additional 3,609 shares during the period. Wells Fargo & Company MN grew its stake in Dine Brands Global by 14.9% in the fourth quarter. Wells Fargo & Company MN now owns 10,140 shares of the restaurant operator's stock valued at $305,000 after acquiring an additional 1,316 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Dine Brands Global by 6.3% in the fourth quarter. Russell Investments Group Ltd. now owns 7,032 shares of the restaurant operator's stock valued at $212,000 after purchasing an additional 414 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Dine Brands Global by 8.0% in the fourth quarter. Invesco Ltd. now owns 46,971 shares of the restaurant operator's stock valued at $1,414,000 after purchasing an additional 3,475 shares in the last quarter. Institutional investors own 92.83% of the company's stock.

About Dine Brands Global

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.

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