Dine Brands Global (NYSE:DIN) Receives "Neutral" Rating from Wedbush

Dine Brands Global (NYSE:DIN - Get Free Report)'s stock had its "neutral" rating restated by Wedbush in a report issued on Friday, Marketbeat.com reports. They presently have a $28.00 price target on the restaurant operator's stock, down from their previous price target of $47.00. Wedbush's price objective indicates a potential upside of 18.76% from the company's current price. Wedbush also issued estimates for Dine Brands Global's Q4 2024 earnings at $1.38 EPS, FY2024 earnings at $5.86 EPS, Q1 2025 earnings at $1.27 EPS, Q2 2025 earnings at $1.63 EPS, Q3 2025 earnings at $1.50 EPS, Q4 2025 earnings at $1.43 EPS and FY2025 earnings at $5.83 EPS.

Several other analysts have also issued reports on the stock. Barclays reiterated an "equal weight" rating and issued a $32.00 target price (down previously from $43.00) on shares of Dine Brands Global in a research report on Tuesday, January 7th. StockNews.com cut Dine Brands Global from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. KeyCorp reduced their target price on Dine Brands Global from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Friday, January 31st. UBS Group restated a "neutral" rating and issued a $32.00 target price (down previously from $44.00) on shares of Dine Brands Global in a research report on Tuesday, January 7th. Finally, Piper Sandler reduced their price objective on Dine Brands Global from $40.00 to $38.00 and set a "neutral" rating for the company in a research note on Monday, November 18th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $38.57.

Dine Brands Global Price Performance

DIN stock traded down $0.40 during mid-day trading on Friday, reaching $23.58. 924,165 shares of the company's stock were exchanged, compared to its average volume of 497,470. Dine Brands Global has a 12-month low of $23.50 and a 12-month high of $51.35. The stock's 50 day moving average is $28.23 and its 200 day moving average is $30.61. The company has a market cap of $359.45 million, a price-to-earnings ratio of 3.92 and a beta of 1.75.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DIN. Point72 DIFC Ltd purchased a new stake in Dine Brands Global in the third quarter valued at $29,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Dine Brands Global during the 4th quarter worth about $30,000. Ancora Advisors LLC purchased a new stake in Dine Brands Global in the 4th quarter valued at about $40,000. EMC Capital Management lifted its position in Dine Brands Global by 2,570.0% in the fourth quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator's stock valued at $88,000 after buying an additional 2,827 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Dine Brands Global during the fourth quarter worth about $89,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

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.