Dine Brands Global (NYSE:DIN) was downgraded by investment analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a report issued on Thursday, Marketbeat Ratings reports. They currently have a $105.00 price objective on the restaurant operator’s stock, down from their prior price objective of $125.00. Raymond James’ price target indicates a potential upside of 27.23% from the company’s previous close.
DIN has been the topic of several other reports. Wedbush reiterated an “outperform” rating on shares of Dine Brands Global in a research report on Wednesday, June 12th. Deutsche Bank initiated coverage on Dine Brands Global in a report on Friday, June 28th. They set a “buy” rating and a $116.00 price target on the stock. Maxim Group reissued a “buy” rating and set a $115.00 price target on shares of Dine Brands Global in a report on Thursday, July 25th. Zacks Investment Research cut Dine Brands Global from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. Finally, Barclays initiated coverage on Dine Brands Global in a report on Thursday, July 11th. They set an “overweight” rating and a $115.00 price target on the stock. Two analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $110.00.
NYSE DIN traded down $1.51 on Thursday, hitting $82.53. 451,870 shares of the company traded hands, compared to its average volume of 400,407. The firm has a market cap of $1.45 billion, a P/E ratio of 15.37 and a beta of 0.36. The business has a 50 day simple moving average of $94.99. Dine Brands Global has a 52-week low of $65.63 and a 52-week high of $104.00.
In other Dine Brands Global news, Director Larry Alan Kay sold 400 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $89.16, for a total transaction of $35,664.00. Following the sale, the director now directly owns 7,239 shares of the company’s stock, valued at $645,429.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Bryan R. Adel sold 8,000 shares of the firm’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $102.63, for a total value of $821,040.00. Following the sale, the senior vice president now directly owns 21,505 shares in the company, valued at $2,207,058.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,800 shares of company stock worth $892,272. Insiders own 2.71% of the company’s stock.
Large investors have recently bought and sold shares of the business. Rothschild & Co. Asset Management US Inc. bought a new stake in shares of Dine Brands Global in the second quarter worth about $39,390,000. Norges Bank bought a new stake in shares of Dine Brands Global in the fourth quarter worth about $13,326,000. Waratah Capital Advisors Ltd. increased its holdings in shares of Dine Brands Global by 1,120.2% in the first quarter. Waratah Capital Advisors Ltd. now owns 212,589 shares of the restaurant operator’s stock worth $19,407,000 after purchasing an additional 195,166 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Dine Brands Global by 27.3% in the first quarter. Victory Capital Management Inc. now owns 835,712 shares of the restaurant operator’s stock worth $76,292,000 after purchasing an additional 179,234 shares during the last quarter. Finally, Skyline Asset Management LP bought a new stake in shares of Dine Brands Global in the first quarter worth about $12,991,000.
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 in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.
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