Brokerages Set Dine Brands Global Inc (DIN) PT at $108.00

Shares of Dine Brands Global Inc (NYSE:DIN) have been given a consensus recommendation of “Hold” by the six analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $108.00.

Several research analysts recently commented on DIN shares. Maxim Group boosted their target price on Dine Brands Global from $101.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, September 28th. ValuEngine cut Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. Zacks Investment Research cut Dine Brands Global from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Finally, TheStreet raised Dine Brands Global from a “d+” rating to a “c+” rating in a research report on Friday, November 2nd.

Shares of DIN stock traded up $2.99 on Friday, hitting $78.59. The stock had a trading volume of 12,477 shares, compared to its average volume of 347,620. The company has a market capitalization of $1.42 billion, a PE ratio of 18.98 and a beta of 0.38. Dine Brands Global has a 1 year low of $50.88 and a 1 year high of $95.09.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, October 31st. The restaurant operator reported $1.53 EPS for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $185.98 million. During the same period in the previous year, the firm posted $0.91 EPS. Dine Brands Global’s revenue for the quarter was up 11.0% on a year-over-year basis. Sell-side analysts expect that Dine Brands Global will post 5.25 EPS for the current fiscal year.

In other news, Director Larry Alan Kay sold 400 shares of the company’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $90.32, for a total transaction of $36,128.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.75% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. William Blair Investment Management LLC acquired a new stake in shares of Dine Brands Global in the 3rd quarter valued at about $11,996,000. BlackRock Inc. boosted its position in shares of Dine Brands Global by 5.9% in the 2nd quarter. BlackRock Inc. now owns 2,384,966 shares of the restaurant operator’s stock valued at $178,396,000 after purchasing an additional 133,181 shares during the period. Victory Capital Management Inc. boosted its position in shares of Dine Brands Global by 16.3% in the 3rd quarter. Victory Capital Management Inc. now owns 716,170 shares of the restaurant operator’s stock valued at $58,232,000 after purchasing an additional 100,200 shares during the period. Vanguard Group Inc boosted its position in shares of Dine Brands Global by 4.6% in the 3rd quarter. Vanguard Group Inc now owns 2,249,620 shares of the restaurant operator’s stock valued at $182,917,000 after purchasing an additional 98,950 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Dine Brands Global by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 2,249,620 shares of the restaurant operator’s stock valued at $182,917,000 after purchasing an additional 98,950 shares during the period.

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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