UBS Group Lowers Dine Brands Global (NYSE:DIN) Price Target to $25.00

Dine Brands Global (NYSE:DIN) had its target price reduced by analysts at UBS Group from $32.00 to $25.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s target price would suggest a potential downside of 4.31% from the company’s previous close.

Several other equities analysts have also recently weighed in on DIN. Piper Sandler cut their price target on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, November 18th. Wedbush dropped 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. KeyCorp dropped their target price on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Barclays dropped their target price on Dine Brands Global from $32.00 to $26.00 and set an “equal weight” rating for the company in a report on Thursday. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Dine Brands Global presently has an average rating of “Hold” and an average price target of $29.50.

Dine Brands Global Price Performance

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

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

Hedge Funds Weigh In On Dine Brands Global

A number of large investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership boosted its holdings 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 during the period. Cibc World Market Inc. boosted its holdings 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 acquiring an additional 428,319 shares during the period. Geode Capital Management LLC boosted its holdings 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 acquiring an additional 3,609 shares during the period. Olstein Capital Management L.P. boosted its holdings in Dine Brands Global by 4.6% during the 4th quarter. Olstein Capital Management L.P. now owns 316,158 shares of the restaurant operator’s stock valued at $9,516,000 after acquiring an additional 13,953 shares during the period. Finally, Schonfeld Strategic Advisors LLC raised its position in Dine Brands Global by 691.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 290,403 shares of the restaurant operator’s stock valued at $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.

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.