Brokerages Set Dine Brands Global, Inc. (NYSE:DIN) Price Target at $32.83

Shares of Dine Brands Global, Inc. (NYSE:DIN) have received a consensus rating of “Reduce” from the eight analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $32.8333.

A number of research firms have recently weighed in on DIN. Barclays cut their price objective on shares of Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Dine Brands Global in a research report on Tuesday, June 9th. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research note on Monday, August 10th. Piper Sandler boosted their price target on Dine Brands Global from $28.00 to $37.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Finally, Mizuho set a $38.00 price target on Dine Brands Global in a research note on Thursday, August 6th.

Hedge Funds Weigh In On Dine Brands Global

Institutional investors have recently added to or reduced their stakes in the business. Garton & Associates Financial Advisors LLC purchased a new position in Dine Brands Global during the fourth quarter worth about $26,000. Public Employees Retirement System of Ohio acquired a new position in shares of Dine Brands Global during the 2nd quarter valued at about $35,000. Financial Management Professionals Inc. increased its stake in shares of Dine Brands Global by 45.4% during the 4th quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 326 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Dine Brands Global during the 3rd quarter worth about $27,000. Finally, Legal & General Group Plc purchased a new position in shares of Dine Brands Global during the 2nd quarter worth about $43,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Dine Brands Global Trading Up 4.3%

Dine Brands Global stock opened at $35.86 on Monday. The stock has a market cap of $453.95 million, a PE ratio of 76.30 and a beta of 0.96. The stock has a 50-day moving average price of $35.07 and a 200 day moving average price of $31.66. Dine Brands Global has a 52 week low of $21.85 and a 52 week high of $39.68.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.04). The firm had revenue of $240.90 million during the quarter, compared to analyst estimates of $237.28 million. Dine Brands Global had a net margin of 0.75% and a negative return on equity of 20.34%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 EPS. On average, equities analysts predict that Dine Brands Global will post 4.28 EPS for the current year.

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.