Dine Brands Global (NYSE:DIN) Receives “Outperform” Rating from Wedbush

Dine Brands Global (NYSE:DIN)‘s stock had its “outperform” rating reiterated by investment analysts at Wedbush in a note issued to investors on Friday,Benzinga reports. They currently have a $47.00 target price on the restaurant operator’s stock. Wedbush’s price objective would suggest a potential upside of 32.08% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the company. Barclays raised their target price on Dine Brands Global from $38.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Truist Financial reiterated a “hold” rating and set a $37.00 target price (down from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. CL King downgraded shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. UBS Group decreased their target price on Dine Brands Global from $51.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, StockNews.com lowered Dine Brands Global from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $46.14.

Dine Brands Global Stock Performance

Dine Brands Global stock opened at $35.59 on Friday. The business’s 50-day simple moving average is $31.30 and its two-hundred day simple moving average is $34.66. The company has a market cap of $542.67 million, a PE ratio of 5.92 and a beta of 1.71. Dine Brands Global has a fifty-two week low of $28.25 and a fifty-two week high of $52.05.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.10. The business had revenue of $195.00 million for the quarter, compared to analyst estimates of $198.40 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.46 EPS. As a group, analysts predict that Dine Brands Global will post 5.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Dine Brands Global

Several large investors have recently added to or reduced their stakes in DIN. Headlands Technologies LLC raised its holdings in shares of Dine Brands Global by 438.7% during the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 623 shares during the last quarter. Clearline Capital LP increased its stake in Dine Brands Global by 225.0% in the 2nd quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock valued at $4,510,000 after buying an additional 86,241 shares during the period. Cubist Systematic Strategies LLC lifted its stake in Dine Brands Global by 19.8% in the second quarter. Cubist Systematic Strategies LLC now owns 148,286 shares of the restaurant operator’s stock valued at $5,368,000 after acquiring an additional 24,556 shares during the last quarter. Olstein Capital Management L.P. boosted its stake in shares of Dine Brands Global by 25.1% during the 3rd quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock worth $9,438,000 after acquiring an additional 60,605 shares in the last quarter. Finally, LSV Asset Management grew its stake in Dine Brands Global by 2.8% in the 2nd quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock valued at $23,932,000 after buying an additional 18,200 shares during the last quarter. 92.83% of the stock is currently owned by institutional investors.

About Dine Brands Global

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.