Dine Brands Global (NYSE:DIN) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a research report issued on Monday, Zacks.com reports. The brokerage currently has a $44.00 price objective on the restaurant operator's stock. Zacks Investment Research's price target would indicate a potential upside of 3.51% from the company's current price.
According to Zacks, "Dine Brands Global, Inc. is a full-service dining company. It operates and franchises restaurants under both the Applebee's Neighborhood Grill & Bar and IHOP brands. The company's Applebee's restaurants offer casual food, drinks, casual dining, and table services and IHOP restaurants provide full table services, and food and beverage offerings. Dine Brands Global, Inc. formerly known as Dine Equity Inc., is headquartered in Glendale, California. "
DIN has been the topic of a number of other reports. MKM Partners boosted their target price on Dine Brands Global from $40.00 to $50.00 and gave the stock a "neutral" rating in a research report on Thursday, April 30th. SunTrust Banks boosted their target price on Dine Brands Global from $84.00 to $88.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. ValuEngine upgraded Dine Brands Global from a "sell" rating to a "hold" rating in a research report on Wednesday, May 27th. Finally, Wedbush boosted their target price on Dine Brands Global from $50.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, April 30th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Dine Brands Global has a consensus rating of "Buy" and a consensus price target of $83.56.
NYSE:DIN traded up $3.52 during mid-day trading on Monday, hitting $42.51. 963,552 shares of the company traded hands, compared to its average volume of 910,325. The stock's fifty day moving average price is $45.48 and its 200-day moving average price is $59.86. Dine Brands Global has a one year low of $14.16 and a one year high of $104.46. The firm has a market cap of $697.57 million, a price-to-earnings ratio of 7.81 and a beta of 1.71.
Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.41 by $0.04. Dine Brands Global had a negative return on equity of 48.19% and a net margin of 10.72%. The business had revenue of $206.90 million during the quarter, compared to analyst estimates of $209.31 million. During the same quarter in the previous year, the company posted $1.90 earnings per share. Dine Brands Global's revenue for the quarter was down 12.8% on a year-over-year basis. As a group, equities research analysts expect that Dine Brands Global will post 1.55 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Bank of Montreal Can lifted its holdings in Dine Brands Global by 38.7% in the fourth quarter. Bank of Montreal Can now owns 4,052 shares of the restaurant operator's stock valued at $339,000 after acquiring an additional 1,130 shares during the period. Great West Life Assurance Co. Can acquired a new position in shares of Dine Brands Global during the 4th quarter worth approximately $1,796,000. Ancora Advisors LLC raised its stake in shares of Dine Brands Global by 29.4% during the 4th quarter. Ancora Advisors LLC now owns 29,581 shares of the restaurant operator's stock worth $2,470,000 after buying an additional 6,729 shares during the period. Aigen Investment Management LP raised its stake in shares of Dine Brands Global by 60.7% during the 1st quarter. Aigen Investment Management LP now owns 2,344 shares of the restaurant operator's stock worth $67,000 after buying an additional 885 shares during the period. Finally, Two Sigma Investments LP raised its stake in shares of Dine Brands Global by 625.6% during the 1st quarter. Two Sigma Investments LP now owns 36,280 shares of the restaurant operator's stock worth $1,041,000 after buying an additional 31,280 shares during the period. 89.67% of the stock is currently owned by institutional investors.
Dine Brands Global Company Profile
Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.
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