KeyCorp Lowers Dine Brands Global (NYSE:DIN) Price Target to $26.00

Dine Brands Global (NYSE:DIN) had its target price lowered by KeyCorp from $30.00 to $26.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the restaurant operator’s stock. KeyCorp’s price objective would indicate a potential upside of 16.07% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. Barclays dropped their target price on shares of Dine Brands Global from $26.00 to $21.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Sanford C. Bernstein set a $26.00 price objective on Dine Brands Global in a report on Thursday, March 6th. Wedbush cut their price target on Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. UBS Group lowered their price objective on shares of Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Finally, Truist Financial cut their target price on shares of Dine Brands Global from $27.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.29.

Dine Brands Global Trading Down 0.8 %

Shares of DIN stock opened at $22.40 on Thursday. The stock has a 50 day simple moving average of $22.26 and a 200-day simple moving average of $27.46. The company has a market cap of $350.25 million, a price-to-earnings ratio of 3.73 and a beta of 1.11. Dine Brands Global has a 12-month low of $18.63 and a 12-month high of $45.69.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, May 7th. The restaurant operator reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.15). The business had revenue of $214.78 million during the quarter, compared to analyst estimates of $216.19 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. Dine Brands Global’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the business posted $1.33 EPS. On average, equities analysts forecast that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dine Brands Global

Institutional investors have recently added to or reduced their stakes in the business. Cibc World Market Inc. grew its holdings in Dine Brands Global by 640.6% in the 4th quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator’s stock valued at $14,905,000 after buying an additional 428,319 shares during the period. Schonfeld Strategic Advisors LLC raised its stake in Dine Brands Global by 691.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 290,403 shares of the restaurant operator’s stock worth $8,741,000 after purchasing an additional 253,688 shares during the period. Seven Six Capital Management LLC acquired a new position in shares of Dine Brands Global in the 4th quarter valued at $5,475,000. Victory Capital Management Inc. grew its stake in shares of Dine Brands Global by 1,733.3% during the 4th quarter. Victory Capital Management Inc. now owns 132,073 shares of the restaurant operator’s stock valued at $3,975,000 after buying an additional 124,869 shares during the period. Finally, Trexquant Investment LP acquired a new position in Dine Brands Global in the fourth quarter valued at $2,780,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

About Dine Brands Global

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.