Mizuho Issues Pessimistic Forecast for Dine Brands Global (NYSE:DIN) Stock Price

Dine Brands Global (NYSE:DIN) had its target price lowered by research analysts at Mizuho from $34.00 to $30.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Mizuho’s price target suggests a potential upside of 10.51% from the stock’s current price.

Several other equities analysts have also commented on the company. Barclays lowered their price objective on Dine Brands Global from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. KeyCorp reissued a “sector weight” rating on shares of Dine Brands Global in a report on Thursday. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a report on Monday, March 2nd. Zacks Research downgraded Dine Brands Global from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Dine Brands Global in a research note on Monday, December 29th. Seven analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $29.50.

Dine Brands Global Stock Up 3.5%

Shares of Dine Brands Global stock opened at $27.15 on Thursday. The business has a 50 day moving average of $31.26 and a 200 day moving average of $30.24. Dine Brands Global has a 52 week low of $18.63 and a 52 week high of $39.68. The company has a market cap of $352.38 million, a PE ratio of 27.99 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 EPS for the quarter, topping the consensus estimate of $1.10 by $0.36. Dine Brands Global had a net margin of 1.88% and a negative return on equity of 27.12%. The business had revenue of $217.57 million during the quarter, compared to analyst estimates of $226.27 million. During the same period in the prior year, the business earned $0.87 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, research analysts anticipate that Dine Brands Global will post 5.84 earnings per share for the current year.

Insiders Place Their Bets

In other Dine Brands Global news, Director Douglas M. Pasquale purchased 2,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were acquired at an average price of $28.25 per share, for a total transaction of $56,500.00. Following the purchase, the director directly owned 31,469 shares of the company’s stock, valued at $888,999.25. The trade was a 6.79% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased 6,000 shares of company stock valued at $173,310 in the last 90 days. 4.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dine Brands Global

Institutional investors have recently bought and sold shares of the stock. Olstein Capital Management L.P. lifted its stake in shares of Dine Brands Global by 21.4% during the 3rd quarter. Olstein Capital Management L.P. now owns 310,711 shares of the restaurant operator’s stock valued at $7,681,000 after buying an additional 54,711 shares in the last quarter. SummerHaven Investment Management LLC purchased a new position in shares of Dine Brands Global in the third quarter valued at $837,000. SG Americas Securities LLC bought a new stake in shares of Dine Brands Global in the 3rd quarter worth about $1,983,000. Y Intercept Hong Kong Ltd purchased a new stake in Dine Brands Global during the third quarter valued at approximately $895,000. Finally, CW Advisors LLC purchased a new position in Dine Brands Global during the second quarter worth $495,000. 92.83% of the stock is owned by institutional investors.

About Dine Brands Global

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.