KeyCorp Forecasts Strong Price Appreciation for Dine Brands Global (NYSE:DIN) Stock

Dine Brands Global (NYSE:DIN - Get Free Report) had its price target increased by investment analysts at KeyCorp from $26.00 to $30.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the restaurant operator's stock. KeyCorp's price objective would indicate a potential upside of 24.12% from the company's previous close.

A number of other research firms have also recently weighed in on DIN. Truist Financial reduced their price target on Dine Brands Global from $27.00 to $23.00 and set a "hold" rating for the company in a report on Thursday, May 8th. UBS Group cut their target price on Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Finally, Barclays raised their price target on Dine Brands Global from $21.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $26.86.

Dine Brands Global Price Performance

NYSE:DIN opened at $24.17 on Tuesday. The firm has a market capitalization of $377.70 million, a price-to-earnings ratio of 6.70 and a beta of 1.18. 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 simple moving average of $24.84 and a 200-day simple moving average of $25.13.

Dine Brands Global (NYSE:DIN - Get Free Report) last issued its earnings results on Wednesday, May 7th. The restaurant operator reported $1.03 earnings per share for the quarter, missing analysts' consensus estimates of $1.18 by ($0.15). The firm had revenue of $214.78 million for the quarter, compared to the consensus estimate of $216.19 million. Dine Brands Global had a net margin of 6.69% and a negative return on equity of 34.70%. The company's revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $1.33 earnings per share. As a group, analysts expect that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Institutional Trading of Dine Brands Global

A number of hedge funds and other institutional investors have recently made changes to their positions in DIN. Mountain Hill Investment Partners Corp. acquired a new position in Dine Brands Global in the 4th quarter valued at about $30,000. Ancora Advisors LLC acquired a new position in Dine Brands Global in the 4th quarter valued at about $40,000. KLP Kapitalforvaltning AS acquired a new position in Dine Brands Global in the 4th quarter valued at about $89,000. GAMMA Investing LLC increased its position in Dine Brands Global by 5,126.3% in the 1st quarter. GAMMA Investing LLC now owns 6,167 shares of the restaurant operator's stock valued at $144,000 after acquiring an additional 6,049 shares during the period. Finally, AdvisorShares Investments LLC boosted its holdings in Dine Brands Global by 243.1% in the 4th quarter. AdvisorShares Investments LLC now owns 5,074 shares of the restaurant operator's stock valued at $153,000 after purchasing an additional 3,595 shares in the last quarter. Institutional investors and hedge funds own 92.83% of the company's stock.

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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