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

Dine Brands Global (NYSE:DIN) had its price objective reduced by stock analysts at Wedbush from $28.00 to $26.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Wedbush’s price objective points to a potential downside of 0.49% from the stock’s current price. Wedbush also issued estimates for Dine Brands Global’s Q4 2024 earnings at $1.38 EPS, FY2024 earnings at $5.86 EPS, Q1 2025 earnings at $1.15 EPS, Q1 2025 earnings at $1.27 EPS, Q2 2025 earnings at $1.63 EPS, Q2 2025 earnings at $1.45 EPS, Q3 2025 earnings at $1.36 EPS, Q3 2025 earnings at $1.50 EPS, Q4 2025 earnings at $1.43 EPS and FY2025 earnings at $5.83 EPS.

Several other equities analysts have also recently issued reports on the company. UBS Group reiterated a “neutral” rating and set a $32.00 price target (down from $44.00) on shares of Dine Brands Global in a research report on Tuesday, January 7th. Piper Sandler decreased their target price on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. KeyCorp decreased their target price on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, Barclays restated an “equal weight” rating and issued a $32.00 target price (down from $43.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Dine Brands Global currently has an average rating of “Hold” and a consensus price target of $29.50.

Dine Brands Global Stock Up 2.5 %

NYSE:DIN opened at $26.13 on Thursday. The business’s 50 day moving average is $27.80 and its two-hundred day moving average is $30.43. Dine Brands Global has a 52 week low of $22.36 and a 52 week high of $51.35. The company has a market cap of $398.33 million, a PE ratio of 4.35 and a beta of 1.85.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $204.80 million during the quarter, compared to the consensus estimate of $200.75 million. During the same period last year, the business posted $1.40 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. As a group, sell-side analysts expect that Dine Brands Global will post 5.84 EPS for the current fiscal year.

Institutional Trading of Dine Brands Global

Several hedge funds and other institutional investors have recently modified their holdings of DIN. Cibc World Market Inc. boosted its position in shares of Dine Brands Global by 640.6% in the fourth quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator’s stock worth $14,905,000 after buying an additional 428,319 shares during the period. Schonfeld Strategic Advisors LLC boosted its position in Dine Brands Global by 691.0% during the fourth 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 during the last quarter. Weiss Asset Management LP acquired a new stake in Dine Brands Global during the third quarter valued at $6,102,000. Seven Six Capital Management LLC acquired a new stake in Dine Brands Global during the fourth quarter valued at $5,475,000. Finally, Jane Street Group LLC boosted its position in Dine Brands Global by 229.1% during the third quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator’s stock valued at $7,799,000 after purchasing an additional 173,831 shares during the last quarter. Institutional investors and hedge funds 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.