Dine Brands Global (NYSE:DIN) Earns Equal Weight Rating from Barclays

Dine Brands Global (NYSE:DIN - Get Free Report)'s stock had its "equal weight" rating reissued by stock analysts at Barclays in a research note issued to investors on Tuesday, MarketBeat.com reports. They presently have a $32.00 target price on the restaurant operator's stock, down from their prior target price of $43.00. Barclays's price target would indicate a potential upside of 13.52% from the stock's current price.

A number of other research firms have also recently weighed in on DIN. Benchmark reissued a "hold" rating on shares of Dine Brands Global in a report on Tuesday, October 29th. CL King lowered shares of Dine Brands Global from a "buy" rating to a "neutral" rating in a report on Monday, November 4th. StockNews.com cut shares of Dine Brands Global from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. KeyCorp cut their price objective on shares of Dine Brands Global from $37.00 to $36.00 and set an "overweight" rating for the company in a research report on Friday, October 18th. Finally, Truist Financial restated a "hold" rating and set a $37.00 target price (down previously from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $41.43.

Dine Brands Global Stock Down 6.2 %

Shares of Dine Brands Global stock traded down $1.85 on Tuesday, hitting $28.19. The company's stock had a trading volume of 1,117,600 shares, compared to its average volume of 724,150. The company has a market capitalization of $429.78 million, a P/E ratio of 4.69 and a beta of 1.75. Dine Brands Global has a 52-week low of $27.97 and a 52-week high of $51.35. The firm has a fifty day moving average price of $32.29 and a 200-day moving average price of $32.35.

Dine Brands Global (NYSE:DIN - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, beating the consensus estimate 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 business had revenue of $195.00 million for the quarter, compared to analyst estimates of $198.40 million. During the same period in the prior year, the business earned $1.46 earnings per share. The company's quarterly revenue was down 3.8% on a year-over-year basis. As a group, analysts expect that Dine Brands Global will post 5.84 earnings per share for the current year.

Hedge Funds Weigh In On Dine Brands Global

Several hedge funds and other institutional investors have recently modified their holdings of DIN. Verition Fund Management LLC acquired a new position in shares of Dine Brands Global during the third quarter worth about $765,000. Factorial Partners LLC lifted its position in Dine Brands Global by 217.6% during the 3rd quarter. Factorial Partners LLC now owns 104,816 shares of the restaurant operator's stock worth $3,273,000 after acquiring an additional 71,816 shares in the last quarter. Barclays PLC boosted its holdings in Dine Brands Global by 135.4% in the 3rd quarter. Barclays PLC now owns 35,946 shares of the restaurant operator's stock worth $1,123,000 after acquiring an additional 20,673 shares during the period. Stifel Financial Corp acquired a new stake in Dine Brands Global in the third quarter valued at approximately $786,000. Finally, Clearline Capital LP raised its stake in shares of Dine Brands Global by 225.0% during the second quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator's stock valued at $4,510,000 after purchasing an additional 86,241 shares during the period. 92.83% of the stock is owned by institutional investors and hedge funds.

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.