UBS Group Has Lowered Expectations for Dine Brands Global (NYSE:DIN) Stock Price

Dine Brands Global (NYSE:DIN - Get Free Report) had its price target reduced by investment analysts at UBS Group from $32.00 to $25.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the restaurant operator's stock. UBS Group's target price would suggest a potential downside of 4.31% from the stock's current price.

Several other brokerages have also issued reports on DIN. Piper Sandler lowered their price target on 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. KeyCorp lowered their price target 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. Barclays lowered their price target on Dine Brands Global from $32.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Thursday. Finally, Wedbush decreased their price objective on Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $29.50.

Dine Brands Global Stock Performance

Shares of Dine Brands Global stock traded up $0.63 during trading on Thursday, reaching $26.13. The company's stock had a trading volume of 1,079,425 shares, compared to its average volume of 509,212. Dine Brands Global has a one year low of $22.36 and a one year high of $50.59. The firm has a market cap of $398.33 million, a price-to-earnings ratio of 4.35 and a beta of 1.85. The business's fifty day moving average price is $27.80 and its 200-day moving average price is $30.39.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DIN. Cibc World Market Inc. boosted its holdings in shares of Dine Brands Global by 640.6% in the 4th quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator's stock worth $14,905,000 after acquiring an additional 428,319 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its holdings in shares of Dine Brands Global by 691.0% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 290,403 shares of the restaurant operator's stock worth $8,741,000 after acquiring an additional 253,688 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of Dine Brands Global in the 3rd quarter worth approximately $6,102,000. Seven Six Capital Management LLC acquired a new position in shares of Dine Brands Global in the 4th quarter worth approximately $5,475,000. Finally, Jane Street Group LLC boosted its holdings in shares of Dine Brands Global by 229.1% in the 3rd quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator's stock worth $7,799,000 after acquiring an additional 173,831 shares in the last quarter. 92.83% of the stock is 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.