Benchmark Reiterates “Hold” Rating for Dine Brands Global (NYSE:DIN)

Dine Brands Global (NYSE:DIN)‘s stock had its “hold” rating reiterated by research analysts at Benchmark in a report issued on Tuesday, Benzinga reports.

A number of other brokerages also recently commented on DIN. Barclays reduced their target price on shares of Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. KeyCorp reduced their price target on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. Wedbush raised shares of Dine Brands Global from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $34.00 to $47.00 in a research note on Tuesday, October 1st. UBS Group dropped their price target on shares of Dine Brands Global from $56.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Truist Financial restated a “hold” rating and issued a $37.00 price target (down previously from $66.00) on shares of Dine Brands Global in a research note on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dine Brands Global presently has an average rating of “Moderate Buy” and a consensus price target of $46.43.

Dine Brands Global Trading Up 0.7 %

NYSE:DIN opened at $30.99 on Tuesday. The company’s 50-day moving average price is $31.10 and its 200-day moving average price is $35.47. The company has a market cap of $477.40 million, a P/E ratio of 5.47 and a beta of 1.71. Dine Brands Global has a twelve month low of $28.25 and a twelve month high of $53.26.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.07. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. The company had revenue of $206.30 million for the quarter, compared to the consensus estimate of $210.46 million. During the same period in the previous year, the firm earned $1.82 earnings per share. Dine Brands Global’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, analysts expect that Dine Brands Global will post 5.82 earnings per share for the current year.

Institutional Investors Weigh In On Dine Brands Global

A number of institutional investors and hedge funds have recently bought and sold shares of DIN. AQR Capital Management LLC lifted its position in Dine Brands Global by 173.6% in the second quarter. AQR Capital Management LLC now owns 140,501 shares of the restaurant operator’s stock valued at $5,086,000 after acquiring an additional 89,152 shares during the last quarter. Clearline Capital LP lifted its position in Dine Brands Global by 225.0% in the second quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock valued at $4,510,000 after acquiring an additional 86,241 shares during the last quarter. WBI Investments LLC purchased a new stake in Dine Brands Global in the second quarter valued at $2,624,000. Cubist Systematic Strategies LLC lifted its position 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. Finally, First Eagle Investment Management LLC lifted its position in Dine Brands Global by 9.9% in the first quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock valued at $12,086,000 after acquiring an additional 23,400 shares during the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

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.