DINE BRANDS GLOBAL (NYSE:DIN) Raised to "Hold" at Zacks Research

Key Points

• DINE BRANDS GLOBAL was upgraded from a "strong sell" to a "hold" rating by Zacks Research, indicating a shift in analyst sentiment regarding its stock performance.
• The company reported $1.17 earnings per share for the last quarter, which missed the consensus estimate of $1.49, although revenues were up 11.9% year-over-year.
• Insider trading activity showed significant purchases; both CFO Vance Yuwen Chang and CEO John W. Peyton increased their share holdings, indicating confidence in the company's future.

DINE BRANDS GLOBAL (NYSE:DIN - Get Free Report) was upgraded by Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities analysts have also recently commented on DIN. KeyCorp reduced their target price on DINE BRANDS GLOBAL from $30.00 to $26.00 and set an "overweight" rating for the company in a research note on Thursday, August 7th. Barclays reduced their target price on DINE BRANDS GLOBAL from $24.00 to $22.00 and set an "equal weight" rating for the company in a research note on Thursday, August 7th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of DINE BRANDS GLOBAL in a research note on Saturday, September 27th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, DINE BRANDS GLOBAL currently has a consensus rating of "Hold" and an average price target of $26.00.

DINE BRANDS GLOBAL Stock Performance

DINE BRANDS GLOBAL stock opened at $26.75 on Monday. DINE BRANDS GLOBAL has a one year low of $18.63 and a one year high of $37.44. The business has a fifty day moving average of $23.31 and a two-hundred day moving average of $23.43. The company has a market cap of $411.48 million, a P/E ratio of 8.92 and a beta of 1.05.

DINE BRANDS GLOBAL (NYSE:DIN - Get Free Report) last announced its earnings results on Wednesday, August 6th. The restaurant operator reported $1.17 earnings per share 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 analyst estimates of $222.69 million. DINE BRANDS GLOBAL had a net margin of 5.40% and a negative return on equity of 31.66%. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 EPS. Sell-side analysts predict that DINE BRANDS GLOBAL will post 5.84 EPS for the current year.

Insider Transactions at DINE BRANDS GLOBAL

In other DINE BRANDS GLOBAL news, CFO Vance Yuwen Chang acquired 2,340 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was purchased at an average cost of $21.10 per share, for a total transaction of $49,374.00. Following the transaction, the chief financial officer owned 54,130 shares of the company's stock, valued at $1,142,143. The trade was 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 firm's stock in a transaction on Tuesday, August 19th. The shares were acquired at an average price of $22.11 per share, with a total value of $100,003.53. Following the completion of the transaction, the chief executive officer directly owned 189,563 shares in the company, valued at approximately $4,191,237.93. This trade represents a 2.44% increase in their position. The disclosure for this purchase can be found here. Company insiders own 4.56% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC bought a new position in DINE BRANDS GLOBAL in the 2nd quarter worth approximately $644,000. Osaic Holdings Inc. increased its position in shares of DINE BRANDS GLOBAL by 544.8% during the second quarter. Osaic Holdings Inc. now owns 7,235 shares of the restaurant operator's stock valued at $176,000 after purchasing an additional 6,113 shares during the period. Tower Research Capital LLC TRC increased its position in shares of DINE BRANDS GLOBAL by 307.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator's stock valued at $51,000 after purchasing an additional 1,578 shares during the period. Stonebridge Capital Advisors LLC acquired a new stake in DINE BRANDS GLOBAL in the 2nd quarter valued at $349,000. Finally, Monimus Capital Management LP acquired a new stake in DINE BRANDS GLOBAL in the 2nd quarter valued at $2,282,000. 92.83% of the stock is owned by institutional investors.

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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