Barclays Reiterates “Equal Weight” Rating for Dine Brands Global (NYSE:DIN)

Dine Brands Global (NYSE:DIN)‘s stock had its “equal weight” rating reissued by investment analysts at Barclays in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. They presently have a $32.00 target price on the restaurant operator’s stock, down from their prior target price of $43.00. Barclays‘s target price would suggest a potential upside of 17.00% from the company’s previous close.

Other analysts also recently issued reports about the stock. KeyCorp lowered their price objective on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. Piper Sandler cut their price target on shares of 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. UBS Group decreased their price objective on Dine Brands Global from $51.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, November 7th. StockNews.com lowered Dine Brands Global from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Wedbush restated an “outperform” rating and issued a $47.00 price target on shares of Dine Brands Global in a research note on Friday, November 15th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Dine Brands Global presently has a consensus rating of “Hold” and an average price target of $41.43.

Dine Brands Global Stock Performance

Shares of DIN opened at $27.35 on Tuesday. The firm’s 50 day moving average price is $32.16 and its two-hundred day moving average price is $32.25. Dine Brands Global has a twelve month low of $26.85 and a twelve month high of $51.35. The firm has a market cap of $416.98 million, a P/E ratio of 4.55 and a beta of 1.75.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. The firm had revenue of $195.00 million during the quarter, compared to analyst estimates of $198.40 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.46 EPS. On average, sell-side analysts anticipate that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. LSV Asset Management increased its position in Dine Brands Global by 2.8% in the 2nd quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock valued at $23,932,000 after acquiring an additional 18,200 shares during the period. Geode Capital Management LLC increased its holdings in Dine Brands Global by 1.0% in the third quarter. Geode Capital Management LLC now owns 349,949 shares of the restaurant operator’s stock valued at $10,932,000 after purchasing an additional 3,584 shares during the period. Olstein Capital Management L.P. raised its position in Dine Brands Global by 25.1% during the 3rd quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock worth $9,438,000 after purchasing an additional 60,605 shares during the last quarter. Marshall Wace LLP lifted its holdings in Dine Brands Global by 3.2% during the 2nd quarter. Marshall Wace LLP now owns 278,087 shares of the restaurant operator’s stock worth $10,067,000 after buying an additional 8,518 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Dine Brands Global by 229.1% in the 3rd quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator’s stock valued at $7,799,000 after buying an additional 173,831 shares during the last quarter. 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.