Piper Sandler Cuts Dine Brands Global (NYSE:DIN) Price Target to $38.00

Dine Brands Global (NYSE:DIN) had its price target dropped by research analysts at Piper Sandler from $40.00 to $38.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Piper Sandler’s price objective points to a potential upside of 17.87% from the company’s previous close.

DIN has been the topic of a number of other research reports. KeyCorp cut their target price 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 restated an “outperform” rating and issued a $47.00 target price on shares of Dine Brands Global in a research note on Friday, November 15th. Barclays boosted their price objective on shares of Dine Brands Global from $38.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Truist Financial reaffirmed a “hold” rating and set a $37.00 price objective (down previously from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. Finally, UBS Group lowered their price objective on shares of Dine Brands Global from $51.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Dine Brands Global currently has an average rating of “Hold” and a consensus target price of $44.71.

Dine Brands Global Price Performance

Shares of DIN stock opened at $32.24 on Monday. The firm has a market capitalization of $491.66 million, a P/E ratio of 5.36 and a beta of 1.71. The company’s fifty day moving average price is $31.59 and its two-hundred day moving average price is $34.41. Dine Brands Global has a 12 month low of $28.25 and a 12 month high of $52.05.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.10. The business had revenue of $195.00 million for 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.46 EPS. On average, sell-side analysts anticipate that Dine Brands Global will post 5.84 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Clearline Capital LP grew its position in Dine Brands Global by 225.0% in the 2nd quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock worth $4,510,000 after purchasing an additional 86,241 shares during the last quarter. Olstein Capital Management L.P. grew its position in Dine Brands Global by 25.1% in 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. Cubist Systematic Strategies LLC boosted its holdings in shares of 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 in the last quarter. LSV Asset Management boosted its holdings in shares of Dine Brands Global by 2.8% in the second 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 in the last quarter. Finally, Lombard Odier Asset Management USA Corp bought a new position in shares of Dine Brands Global in the second quarter valued at approximately $358,000. Institutional investors 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.