DINE BRANDS GLOBAL (NYSE:DIN) Price Target Raised to $29.00 at Barclays

Key Points

• Barclays has raised its price target for Dine Brands Global from $22.00 to $29.00 and maintains an "equal weight" rating on the stock, suggesting a potential upside of 3.49% from its current price.
• Dine Brands Global reported $1.17 EPS for the latest quarter, missing analyst expectations of $1.49, while its revenue of $230.78 million was above the consensus estimate.
• Institutional investors own approximately 92.83% of Dine Brands Global's stock, with several hedge funds increasing their positions recently.

DINE BRANDS GLOBAL (NYSE:DIN - Get Free Report) had its price target increased by equities research analysts at Barclays from $22.00 to $29.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the restaurant operator's stock. Barclays's price objective points to a potential upside of 3.49% from the stock's current price.

A number of other research analysts also recently issued reports on DIN. Zacks Research upgraded DINE BRANDS GLOBAL from a "strong sell" rating to a "hold" rating in a report on Monday, October 6th. KeyCorp increased their price objective on DINE BRANDS GLOBAL from $26.00 to $32.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of DINE BRANDS GLOBAL in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $27.86.

DINE BRANDS GLOBAL Price Performance

Shares of DINE BRANDS GLOBAL stock opened at $28.02 on Wednesday. DINE BRANDS GLOBAL has a 1 year low of $18.63 and a 1 year high of $37.44. The business has a 50-day moving average of $24.46 and a two-hundred day moving average of $23.69. The company has a market capitalization of $430.99 million, a P/E ratio of 9.34 and a beta of 1.05.

DINE BRANDS GLOBAL (NYSE:DIN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The restaurant operator reported $1.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.32). The firm had revenue of $230.78 million for the quarter, compared to the consensus estimate of $222.69 million. DINE BRANDS GLOBAL had a negative return on equity of 31.66% and a net margin of 5.40%.The firm's quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.71 earnings per share. On average, equities analysts anticipate that DINE BRANDS GLOBAL will post 5.84 EPS for the current fiscal year.

Insider Activity at DINE BRANDS GLOBAL

In related news, CFO Vance Yuwen Chang purchased 2,340 shares of DINE BRANDS GLOBAL stock in a transaction that occurred on Thursday, August 21st. The stock was purchased at an average cost of $21.10 per share, with a total value of $49,374.00. Following the completion of the transaction, the chief financial officer owned 54,130 shares of the company's stock, valued at approximately $1,142,143. This trade represents a 4.52% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Peyton acquired 4,523 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of $22.11 per share, with a total value of $100,003.53. Following the completion of the transaction, the chief executive officer owned 189,563 shares of the company's stock, valued at approximately $4,191,237.93. The trade was a 2.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.56% of the company's stock.

Institutional Trading of DINE BRANDS GLOBAL

A number of hedge funds have recently made changes to their positions in the business. Mountain Hill Investment Partners Corp. lifted its position in shares of DINE BRANDS GLOBAL by 50.0% in the first quarter. Mountain Hill Investment Partners Corp. now owns 1,500 shares of the restaurant operator's stock valued at $35,000 after buying an additional 500 shares during the last quarter. Aigen Investment Management LP lifted its position in shares of DINE BRANDS GLOBAL by 7.0% in the first quarter. Aigen Investment Management LP now owns 10,127 shares of the restaurant operator's stock valued at $236,000 after buying an additional 659 shares during the last quarter. AlphaQuest LLC lifted its position in shares of DINE BRANDS GLOBAL by 7.9% in the first quarter. AlphaQuest LLC now owns 11,902 shares of the restaurant operator's stock valued at $277,000 after buying an additional 872 shares during the last quarter. AdvisorShares Investments LLC lifted its position in shares of DINE BRANDS GLOBAL by 36.7% in the second quarter. AdvisorShares Investments LLC now owns 4,474 shares of the restaurant operator's stock valued at $109,000 after buying an additional 1,200 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of DINE BRANDS GLOBAL by 307.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator's stock valued at $51,000 after buying an additional 1,578 shares during the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

DINE BRANDS GLOBAL Company Profile

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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