Zacks Research Upgrades Dine Brands Global (NYSE:DIN) to “Hold”

Dine Brands Global (NYSE:DIN) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Other analysts have also issued reports about the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Dine Brands Global in a research report on Friday, September 4th. Freedom Broker raised shares of Dine Brands Global to a “hold” rating in a report on Monday, August 24th. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a report on Monday, August 10th. Mizuho set a $38.00 price objective on Dine Brands Global in a research report on Thursday, August 6th. Finally, Piper Sandler upped their target price on Dine Brands Global from $28.00 to $37.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Nine equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $32.83.

Dine Brands Global Trading Up 1.3%

Shares of NYSE DIN opened at $27.44 on Tuesday. Dine Brands Global has a 12-month low of $22.85 and a 12-month high of $39.68. The stock’s fifty day simple moving average is $33.96 and its two-hundred day simple moving average is $31.41. The stock has a market capitalization of $347.35 million, a PE ratio of 58.38 and a beta of 0.94.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.04). The company had revenue of $240.90 million during the quarter, compared to the consensus estimate of $237.28 million. Dine Brands Global had a negative return on equity of 20.34% and a net margin of 0.75%.The company’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 earnings per share. On average, equities analysts predict that Dine Brands Global will post 4.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Engineers Gate Manager LP lifted its holdings in shares of Dine Brands Global by 23.1% during the second quarter. Engineers Gate Manager LP now owns 16,067 shares of the restaurant operator’s stock worth $577,000 after purchasing an additional 3,016 shares during the period. Squarepoint Ops LLC raised its position in Dine Brands Global by 67.5% during the 2nd quarter. Squarepoint Ops LLC now owns 73,583 shares of the restaurant operator’s stock worth $2,642,000 after buying an additional 29,643 shares during the last quarter. Connective Capital Management LLC purchased a new position in Dine Brands Global during the 2nd quarter worth approximately $168,000. Corient Private Wealth LP lifted its stake in Dine Brands Global by 64.9% during the 2nd quarter. Corient Private Wealth LP now owns 55,953 shares of the restaurant operator’s stock valued at $2,009,000 after acquiring an additional 22,013 shares during the period. Finally, AXQ Capital LP purchased a new stake in shares of Dine Brands Global in the 2nd quarter valued at $301,000. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

About Dine Brands Global

Dine Brands Global, Inc is a full-service restaurant company that owns, franchises and operates restaurant brands. Its principal concepts are Applebee’s Neighborhood Grill + Bar, a casual-dining chain known for burgers, steaks, beverages and other American dishes, and IHOP, which specializes in pancakes, breakfast foods and all-day dining.

The company also owns Fuzzy’s Taco Shop, a fast-casual Mexican restaurant concept offering tacos, burritos, quesadillas and related menu items. Dine Brands primarily supports its brands through franchising and licensing, providing franchisees with brand management, restaurant development, marketing, training and operational support.

Through its franchise and licensing relationships, Dine Brands serves customers in the United States and select international markets.