Dine Brands Global (NYSE:DIN) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Dine Brands Global (NYSE:DIN) from a hold rating to a buy rating in a research report report published on Monday morning.

DIN has been the subject of several other reports. Benchmark lowered Dine Brands Global from a buy rating to a hold rating in a research note on Thursday, August 8th. Piper Sandler dropped their price objective on Dine Brands Global from $49.00 to $48.00 and set a neutral rating for the company in a report on Thursday, May 9th. Barclays dropped their price objective on Dine Brands Global from $54.00 to $38.00 and set an overweight rating on the stock in a research note on Thursday, August 8th. Truist Financial dropped their price target on Dine Brands Global from $71.00 to $66.00 and set a buy rating on the stock in a research note on Thursday, August 8th. Finally, Wedbush reduced their price objective on shares of Dine Brands Global from $37.00 to $34.00 and set a neutral rating for the company in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Dine Brands Global presently has a consensus rating of Moderate Buy and a consensus price target of $48.86.

Dine Brands Global Stock Performance

Shares of DIN opened at $31.62 on Monday. Dine Brands Global has a twelve month low of $29.25 and a twelve month high of $56.17. The firm’s 50 day moving average price is $33.37 and its 200 day moving average price is $39.90. The firm has a market cap of $487.11 million, a PE ratio of 5.63 and a beta of 1.74.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.07. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The firm had revenue of $206.30 million for the quarter, compared to analyst estimates of $210.46 million. During the same quarter last year, the firm posted $1.82 EPS. The company’s revenue was down 1.0% on a year-over-year basis. On average, sell-side analysts anticipate that Dine Brands Global will post 5.86 earnings per share for the current fiscal year.

Institutional Trading of Dine Brands Global

A number of institutional investors have recently modified their holdings of DIN. LSV Asset Management boosted its stake in shares of 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 purchasing an additional 18,200 shares in the last quarter. Marshall Wace LLP increased its position in Dine Brands Global by 3.2% in the 2nd quarter. Marshall Wace LLP now owns 278,087 shares of the restaurant operator’s stock valued at $10,067,000 after buying an additional 8,518 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in Dine Brands Global by 9.9% during the first quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock worth $12,086,000 after buying an additional 23,400 shares during the last quarter. Olstein Capital Management L.P. boosted its stake in Dine Brands Global by 6.9% during the 2nd quarter. Olstein Capital Management L.P. now owns 241,600 shares of the restaurant operator’s stock valued at $8,746,000 after purchasing an additional 15,600 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Dine Brands Global by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 233,464 shares of the restaurant operator’s stock valued at $8,451,000 after acquiring an additional 4,427 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors.

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.