Dine Brands Global (NYSE: DIN – Get a Rating) saw its target price lowered by investment analysts KeyCorp from $90.00 to $85.00 in a report on Friday, Stock Target Advisor reports. The brokerage currently has an “overweight” rating on the restaurateur’s shares. KeyCorp’s target price suggests a potential upside of 27.04% from the current stock price.
Other analysts have also recently published research reports on the company. Barclays lowered its price target on Dine Brands Global from $93.00 to $88.00 and set an “overweight” rating on the stock in a Thursday, June 9 research note. StockNews.com downgraded shares of Dine Brands Global from a “buy” rating to a “hold” rating in a Friday, June 24 report. Finally, Raymond James lowered his price target on shares of Dine Brands Global from $95.00 to $85.00 in a research note on Tuesday. Two equity research analysts gave the stock a hold rating and seven gave the company a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $94.88.
Dine Brands Global Stock Performance
DIN stock traded at $1.08 during Friday’s session, hitting $66.91. The company had a trading volume of 1,514 shares, compared to an average volume of 184,450. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 11.93 and a beta of 1 .86. Dine Brands Global has a 12-month low of $61.29 and a 12-month high of $95.00. The company has a 50-day simple moving average of $69.22 and a 200-day simple moving average of $72.40.
Dine Brands Global (NYSE:DIN – Get Rating) last released quarterly earnings data on Wednesday, May 4. The restaurant operator reported EPS of $1.54 for the quarter, beating the consensus estimate of $1.44 by $0.10. The company posted revenue of $230.42 million in the quarter, versus a consensus estimate of $230.18 million. Dine Brands Global had a net margin of 10.53% and a negative return on equity of 41.75%. The company’s revenue for the quarter increased by 12.8% compared to the same quarter last year. In the same period a year earlier, the company posted earnings per share of $1.75. Sell-side analysts expect Dine Brands Global to post earnings per share of 5.87 for the current year.
Institutional investors weigh in on Dine Brands Global
A number of institutional investors have recently changed their stake in the company. Divisadero Street Capital Management LP acquired a new position in Dine Brands Global during the fourth quarter worth approximately $34,000. Raleigh Capital Management Inc. bought a new stock position in Dine Brands Global during Q1 worth approximately $39,000. Captrust Financial Advisors increased its stake in Dine Brands Global by 132.3% in Q1. Captrust Financial Advisors now owns 929 shares of the restaurateur valued at $73,000 after acquiring an additional 529 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Dine Brands Global in Q1 worth $85,000. Finally, Dupont Capital Management Corp acquired a new stake in Dine Brands Global in the 4th quarter at a value of $173,000. 91.51% of the shares are currently held by institutional investors and hedge funds.
Dine Brands Global Company Profile
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Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates and leases full-service restaurants in the United States and around the world. It operates through five segments: Applebee franchise operations, International House of Pancakes (IHOP) franchise operations, rental operations, financing operations and company-operated restaurant operations.
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