Dine Brands Global (NYSE:DIN) Price Target Cut to $33.00 by Analysts at UBS Group

Dine Brands Global (NYSE:DIN) had its target price cut by investment analysts at UBS Group from $35.00 to $33.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s price objective points to a potential upside of 6.02% from the company’s previous close.

Several other equities analysts have also recently issued reports on DIN. Zacks Research cut Dine Brands Global from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Barclays lowered their target price on Dine Brands Global from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday. Mizuho upped their price target on Dine Brands Global from $28.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dine Brands Global in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Dine Brands Global currently has an average rating of “Hold” and an average target price of $29.57.

Dine Brands Global Trading Up 1.4%

Shares of Dine Brands Global stock traded up $0.44 during trading on Thursday, reaching $31.13. The company’s stock had a trading volume of 201,620 shares, compared to its average volume of 430,756. The company has a 50-day moving average price of $34.46 and a two-hundred day moving average price of $29.16. Dine Brands Global has a fifty-two week low of $18.63 and a fifty-two week high of $39.68. The firm has a market cap of $448.84 million, a PE ratio of 13.90 and a beta of 0.97.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, February 25th. The restaurant operator reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.36. The company had revenue of $217.57 million for the quarter, compared to the consensus estimate of $226.27 million. Dine Brands Global had a net margin of 3.91% and a negative return on equity of 26.01%. Dine Brands Global’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $0.87 EPS. On average, analysts predict that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Dine Brands Global during the 4th quarter worth approximately $9,099,000. Millennium Management LLC grew its position in shares of Dine Brands Global by 51.2% during the first quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock worth $11,817,000 after buying an additional 172,013 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of Dine Brands Global in the third quarter worth $4,175,000. 4D Advisors LLC acquired a new stake in Dine Brands Global in the fourth quarter valued at $4,339,000. Finally, Cibc World Markets Corp bought a new position in Dine Brands Global during the 4th quarter valued at $3,567,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

Key Headlines Impacting Dine Brands Global

Here are the key news stories impacting Dine Brands Global this week:

• Positive Sentiment: Adjusted results beat and revenue growth — Dine Brands reported adjusted EPS of $1.46 vs. consensus ~$1.10 and revenue rose ~6.3% year-over-year, evidence that franchise operations produced underlying profit strength. Press Release
• Positive Sentiment: Strategic actions and value case — Coverage and analysis point to management focus on franchise optimization, buybacks and dividends, and a view that DIN can be attractive under $30 if execution continues. This supports investor interest in the turnaround story. Seeking Alpha: Turning Around
• Neutral Sentiment: Earnings call and transcripts published — Multiple call transcripts are available; they provide management commentary and color for investors assessing whether recent trends (Applebee’s comps, off-premise sales >20%) are sustainable. Review the call for guidance/comments that could swing sentiment. SA Transcript InsiderMonkey Transcript
• Negative Sentiment: Analyst cut: Barclays lowers target to $30 and assigns “equal weight” — Barclays reduced its price target from $40 to $30, signaling less upside and dampening investor enthusiasm. Benzinga
• Negative Sentiment: GAAP loss and impairment charge — The company swung to a GAAP loss in the quarter after taking an impairment charge, which produced a negative return on equity and creates near-term headline risk even though adjusted results were positive. WSJ
• Negative Sentiment: Revenue missed street estimates — Reported revenue ($217.6M) came in below analyst expectations (~$226.3M), and commentary about a sluggish Applebee’s quarter added to near-term concerns about brand-level momentum. MarketBeat

Dine Brands Global Company Profile

Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.