Dine Brands Global (NYSE:DIN) Rating Lowered to Outperform at Raymond James

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.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, July 31st. The restaurant operator reported $1.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($0.14). The company had revenue of $228.08 million for the quarter, compared to analysts’ expectations of $233.69 million. Dine Brands Global had a net margin of 11.73% and a negative return on equity of 59.85%. Dine Brands Global’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 earnings per share. Research analysts forecast that Dine Brands Global will post 6.89 EPS for the current fiscal year.

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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Analyst Recommendations for Dine Brands Global (NYSE:DIN)

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