Dine Brands Global (NYSE:DIN) Price Target Cut to $26.00 by Analysts at Barclays

Dine Brands Global (NYSE:DIN - Get Free Report) had its price target cut by Barclays from $32.00 to $26.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the restaurant operator's stock. Barclays's target price would suggest a potential downside of 0.49% from the company's previous close.

A number of other research analysts have also commented on the stock. Piper Sandler lowered their price objective on shares of Dine Brands Global from $40.00 to $38.00 and set a "neutral" rating on the stock in a research note on Monday, November 18th. Wedbush lowered their price target on Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating on the stock in a research report on Thursday. KeyCorp dropped their price objective on Dine Brands Global from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Finally, UBS Group reaffirmed a "neutral" rating and set a $32.00 target price (down previously from $44.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Dine Brands Global presently has a consensus rating of "Hold" and an average target price of $29.50.

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Dine Brands Global Price Performance

Shares of DIN stock traded up $0.63 during trading hours on Thursday, reaching $26.13. The stock had a trading volume of 1,079,425 shares, compared to its average volume of 509,212. Dine Brands Global has a twelve month low of $22.36 and a twelve month high of $50.59. The firm has a 50-day simple moving average of $27.80 and a 200-day simple moving average of $30.39. The firm has a market capitalization of $398.33 million, a PE ratio of 4.35 and a beta of 1.85.

Dine Brands Global (NYSE:DIN - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $1.35 by ($0.48). The firm had revenue of $204.80 million during the quarter, compared to analyst estimates of $200.75 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The firm's revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $1.40 EPS. On average, equities analysts anticipate that Dine Brands Global will post 5.84 earnings per share for the current year.

Institutional Investors Weigh In On Dine Brands Global

Hedge funds have recently modified their holdings of the stock. Verition Fund Management LLC purchased a new position in Dine Brands Global in the 3rd quarter worth about $765,000. JPMorgan Chase & Co. lifted its stake in Dine Brands Global by 164.7% during the third quarter. JPMorgan Chase & Co. now owns 95,399 shares of the restaurant operator's stock valued at $2,979,000 after buying an additional 59,360 shares in the last quarter. Cibc World Market Inc. lifted its stake in Dine Brands Global by 640.6% during the fourth quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator's stock valued at $14,905,000 after buying an additional 428,319 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Dine Brands Global by 50.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 29,686 shares of the restaurant operator's stock valued at $909,000 after buying an additional 9,910 shares in the last quarter. Finally, Barclays PLC lifted its stake in Dine Brands Global by 135.4% during the third quarter. Barclays PLC now owns 35,946 shares of the restaurant operator's stock valued at $1,123,000 after buying an additional 20,673 shares in the last quarter. 92.83% of the stock is owned by hedge funds and other 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.