Dine Brands Global (NYSE:DIN) Price Target Raised to $54.00

Dine Brands Global (NYSE:DIN) had its target price raised by MKM Partners from $50.00 to $54.00 in a report published on Thursday morning, BenzingaRatingsTable reports. MKM Partners currently has a neutral rating on the restaurant operator’s stock.

A number of other research firms have also recently issued reports on DIN. Zacks Investment Research raised shares of Dine Brands Global from a hold rating to a buy rating and set a $44.00 price objective on the stock in a research report on Monday, June 29th. Deutsche Bank increased their price objective on shares of Dine Brands Global from $40.00 to $45.00 and gave the stock a hold rating in a research report on Thursday. ValuEngine raised shares of Dine Brands Global from a sell rating to a hold rating in a research report on Wednesday, May 27th. SunTrust Banks increased their price objective on shares of Dine Brands Global from $84.00 to $88.00 and gave the stock a buy rating in a research report on Thursday, April 30th. Finally, Wedbush raised their price target on shares of Dine Brands Global from $50.00 to $55.00 and gave the company an outperform rating in a research report on Thursday. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Dine Brands Global has an average rating of Buy and a consensus price target of $75.00.

Dine Brands Global stock traded down $1.04 during trading hours on Thursday, reaching $45.43. 847,178 shares of the company’s stock were exchanged, compared to its average volume of 727,025. The firm’s 50 day simple moving average is $41.46 and its 200 day simple moving average is $52.98. Dine Brands Global has a twelve month low of $14.16 and a twelve month high of $104.46. The firm has a market capitalization of $745.96 million, a PE ratio of -12.02 and a beta of 1.72.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported ($0.87) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.93) by $0.06. The company had revenue of $109.71 million for the quarter, compared to analysts’ expectations of $99.66 million. Dine Brands Global had a negative net margin of 8.13% and a negative return on equity of 24.91%. The business’s revenue was down 51.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.71 EPS. On average, research analysts expect that Dine Brands Global will post 1.81 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the business. UBS Group AG lifted its position in shares of Dine Brands Global by 40.9% during the 2nd quarter. UBS Group AG now owns 28,522 shares of the restaurant operator’s stock worth $1,200,000 after buying an additional 8,276 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Dine Brands Global by 64.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,748 shares of the restaurant operator’s stock worth $74,000 after buying an additional 686 shares in the last quarter. Ziegler Capital Management LLC bought a new position in shares of Dine Brands Global during the 2nd quarter worth approximately $258,000. Kessler Investment Group LLC bought a new position in shares of Dine Brands Global during the 2nd quarter worth approximately $85,000. Finally, New York State Teachers Retirement System lifted its position in shares of Dine Brands Global by 4.4% during the 2nd quarter. New York State Teachers Retirement System now owns 41,774 shares of the restaurant operator’s stock worth $1,759,000 after buying an additional 1,777 shares in the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.

Featured Article: Discount Rate

Analyst Recommendations for Dine Brands Global (NYSE:DIN)

Receive News & Ratings for Dine Brands Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dine Brands Global and related companies with MarketBeat.com's FREE daily email newsletter.