UBS Group Reiterates “Neutral” Rating for Dine Brands Global (NYSE:DIN)

Dine Brands Global (NYSE:DIN)‘s stock had its “neutral” rating reaffirmed by investment analysts at UBS Group in a report released on Tuesday, MarketBeat.com reports. They presently have a $32.00 price objective on the restaurant operator’s stock, down from their previous price objective of $44.00. UBS Group’s target price would suggest a potential upside of 17.00% from the company’s current price.

A number of other equities analysts have also issued reports on the company. StockNews.com lowered Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Benchmark reissued a “hold” rating on shares of Dine Brands Global in a report on Tuesday, October 29th. 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. CL King downgraded Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Finally, Barclays restated an “equal weight” rating and set a $32.00 price objective (down previously from $43.00) on shares of Dine Brands Global in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dine Brands Global has an average rating of “Hold” and an average target price of $41.43.

Dine Brands Global Trading Down 3.1 %

NYSE DIN opened at $27.35 on Tuesday. The stock has a market cap of $416.98 million, a P/E ratio of 4.55 and a beta of 1.75. The company’s fifty day simple moving average is $32.24 and its 200-day simple moving average is $32.28. Dine Brands Global has a 52 week low of $26.85 and a 52 week high of $51.35.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd bought a new stake in Dine Brands Global in the 3rd quarter valued at about $29,000. Quarry LP boosted its position in shares of Dine Brands Global by 32.8% during the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock worth $83,000 after buying an additional 567 shares during the period. Signaturefd LLC grew its holdings in Dine Brands Global by 383.4% in the 3rd quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock worth $93,000 after buying an additional 2,358 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Dine Brands Global by 30.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock valued at $117,000 after acquiring an additional 746 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in Dine Brands Global by 400.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,000 shares of the restaurant operator’s stock valued at $145,000 after acquiring an additional 3,200 shares in the last quarter. Institutional investors and hedge funds 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.