Dine Brands Global’s (DIN) “Neutral” Rating Reaffirmed at Wedbush

Dine Brands Global (NYSE:DIN)‘s stock had its “neutral” rating reiterated by equities researchers at Wedbush in a research report issued to clients and investors on Friday. They currently have a $28.00 price target on the restaurant operator’s stock, down from their prior price target of $47.00. Wedbush’s price target would suggest a potential upside of 8.55% from the stock’s current price.

A number of other brokerages have also recently weighed in on DIN. StockNews.com cut Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Barclays reissued an “equal weight” rating and set a $32.00 price target (down from $43.00) on shares of Dine Brands Global in a research report on Tuesday, January 7th. CL King downgraded shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. UBS Group restated a “neutral” rating and issued a $32.00 target price (down from $44.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. Finally, Piper Sandler reduced their target price on 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. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $38.57.

Dine Brands Global Trading Up 1.0 %

Shares of Dine Brands Global stock opened at $25.79 on Friday. The stock’s fifty day moving average price is $28.45 and its 200-day moving average price is $30.70. Dine Brands Global has a 12 month low of $25.06 and a 12 month high of $51.35. The firm has a market cap of $393.26 million, a P/E ratio of 4.29 and a beta of 1.75.

Institutional Trading of Dine Brands Global

Hedge funds have recently modified their holdings of the stock. Point72 DIFC Ltd acquired a new position in Dine Brands Global in the third quarter valued at approximately $29,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of Dine Brands Global in the 4th quarter valued at $30,000. Ancora Advisors LLC acquired a new position in shares of Dine Brands Global in the 4th quarter valued at $40,000. KLP Kapitalforvaltning AS purchased a new stake in Dine Brands Global during the fourth quarter worth $89,000. Finally, EMC Capital Management grew its position in Dine Brands Global by 2,570.0% during the fourth quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator’s stock valued at $88,000 after buying an additional 2,827 shares during the period. 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.