Dine Brands Global (NYSE:DIN) Given New $54.00 Price Target at Barclays

Dine Brands Global (NYSE:DIN) had its target price dropped by equities research analysts at Barclays from $57.00 to $54.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the restaurant operator’s stock. Barclays‘s price objective indicates a potential upside of 25.70% from the stock’s current price.

Several other research analysts also recently commented on DIN. Benchmark lifted their price objective on Dine Brands Global from $63.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, March 4th. StockNews.com raised Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. 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 research note on Thursday. Wedbush decreased their target price on shares of Dine Brands Global from $48.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, KeyCorp dropped their price target on shares of Dine Brands Global from $57.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Dine Brands Global has a consensus rating of “Moderate Buy” and an average target price of $58.57.

Dine Brands Global Stock Performance

NYSE:DIN traded down $0.60 during mid-day trading on Thursday, reaching $42.96. The stock had a trading volume of 119,973 shares, compared to its average volume of 266,363. Dine Brands Global has a one year low of $41.76 and a one year high of $69.05. The firm has a 50 day moving average price of $45.58 and a two-hundred day moving average price of $46.17. The stock has a market capitalization of $663.86 million, a P/E ratio of 6.86 and a beta of 1.68.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, May 8th. The restaurant operator reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.26). The business had revenue of $206.24 million during the quarter, compared to the consensus estimate of $210.54 million. Dine Brands Global had a negative return on equity of 37.72% and a net margin of 11.69%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.97 earnings per share. Research analysts forecast that Dine Brands Global will post 6.46 earnings per share for the current year.

Institutional Investors Weigh In On Dine Brands Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Landscape Capital Management L.L.C. bought a new position in shares of Dine Brands Global during the 3rd quarter valued at $2,513,000. Nordea Investment Management AB lifted its holdings in Dine Brands Global by 9.9% in the fourth quarter. Nordea Investment Management AB now owns 172,399 shares of the restaurant operator’s stock valued at $8,680,000 after acquiring an additional 15,546 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Dine Brands Global by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 174,178 shares of the restaurant operator’s stock worth $8,613,000 after purchasing an additional 5,250 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of Dine Brands Global by 48.5% during the 3rd quarter. First Eagle Investment Management LLC now owns 166,290 shares of the restaurant operator’s stock valued at $8,223,000 after purchasing an additional 54,280 shares during the period. Finally, South Dakota Investment Council bought a new stake in shares of Dine Brands Global during the 3rd quarter valued at about $2,580,000. 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.