Dine Brands Global (DIN) Coverage Initiated at Wedbush

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Analysts at Wedbush began coverage on shares of Dine Brands Global (NYSE:DIN) in a research note issued to investors on Thursday, The Fly reports. The brokerage set an “outperform” rating on the restaurant operator’s stock.

Other research analysts have also issued research reports about the company. ValuEngine raised Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Wednesday, November 28th. Maxim Group reissued a “buy” rating on shares of Dine Brands Global in a research report on Wednesday, January 9th. TheStreet raised Dine Brands Global from a “d+” rating to a “c+” rating in a research report on Friday, November 2nd. Finally, Zacks Investment Research lowered Dine Brands Global from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $104.00.

Shares of NYSE:DIN traded down $0.42 during trading on Thursday, hitting $76.27. The stock had a trading volume of 232,080 shares, compared to its average volume of 329,990. Dine Brands Global has a 12 month low of $51.62 and a 12 month high of $95.09. The firm has a market capitalization of $1.36 billion, a P/E ratio of 18.38 and a beta of 0.38.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, October 31st. The restaurant operator reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.01. Dine Brands Global had a negative return on equity of 40.87% and a net margin of 19.41%. The firm had revenue of $194.10 million during the quarter, compared to analyst estimates of $185.98 million. During the same quarter in the prior year, the company earned $0.91 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. On average, analysts forecast that Dine Brands Global will post 5.25 earnings per share for the current fiscal year.

In related news, Director Larry Alan Kay sold 400 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $90.32, for a total value of $36,128.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.75% of the company’s stock.

Several institutional investors have recently bought and sold shares of DIN. Bank of America Corp DE grew its stake in shares of Dine Brands Global by 56.0% in the 2nd quarter. Bank of America Corp DE now owns 63,207 shares of the restaurant operator’s stock worth $4,728,000 after buying an additional 22,680 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Dine Brands Global by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 460,808 shares of the restaurant operator’s stock worth $34,469,000 after buying an additional 5,162 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of Dine Brands Global in the 2nd quarter worth approximately $279,000. Tompkins Financial Corp purchased a new stake in shares of Dine Brands Global in the 3rd quarter worth approximately $109,000. Finally, First Trust Advisors LP grew its stake in shares of Dine Brands Global by 23.7% in the 3rd quarter. First Trust Advisors LP now owns 58,734 shares of the restaurant operator’s stock worth $4,776,000 after buying an additional 11,243 shares during the last quarter.

About Dine Brands Global

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.

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