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

Dine Brands Global (NYSE:DIN) had its price objective decreased by equities researchers at Truist Financial from $37.00 to $27.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “hold” rating on the restaurant operator’s stock. Truist Financial’s target price indicates a potential upside of 3.34% from the stock’s current price.

DIN has been the subject of a number of other reports. KeyCorp cut their price objective on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. UBS Group decreased their price target on Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday. Barclays lowered their price target on Dine Brands Global from $32.00 to $26.00 and set an “equal weight” rating for the company in a report on Thursday. Wedbush lowered their target price on Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Piper Sandler reduced their price target on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $29.50.

Dine Brands Global Price Performance

Shares of Dine Brands Global stock opened at $26.13 on Thursday. The company has a market capitalization of $398.33 million, a P/E ratio of 4.35 and a beta of 1.85. Dine Brands Global has a 1 year low of $22.36 and a 1 year high of $51.35. The business has a 50-day moving average of $27.80 and a two-hundred day moving average of $30.43.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.48). Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The firm had revenue of $204.80 million for the quarter, compared to the consensus estimate of $200.75 million. During the same quarter in the previous year, the business posted $1.40 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts anticipate that Dine Brands Global will post 5.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DIN. Arrowstreet Capital Limited Partnership boosted its position in Dine Brands Global by 14.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 601,470 shares of the restaurant operator’s stock valued at $18,104,000 after acquiring an additional 74,387 shares in the last quarter. Cibc World Market Inc. raised its stake in Dine Brands Global by 640.6% during the 4th quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator’s stock valued at $14,905,000 after buying an additional 428,319 shares during the last quarter. Geode Capital Management LLC raised its stake in Dine Brands Global by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 353,558 shares of the restaurant operator’s stock valued at $10,644,000 after buying an additional 3,609 shares during the last quarter. Olstein Capital Management L.P. increased its stake in shares of Dine Brands Global by 4.6% in the 4th quarter. Olstein Capital Management L.P. now owns 316,158 shares of the restaurant operator’s stock worth $9,516,000 after purchasing an additional 13,953 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its stake in shares of Dine Brands Global by 691.0% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 290,403 shares of the restaurant operator’s stock worth $8,741,000 after purchasing an additional 253,688 shares in the last quarter. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Dine Brands Global Company Profile

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.