Truist Financial Has Lowered Expectations for Dine Brands Global (NYSE:DIN) Stock Price

Dine Brands Global (NYSE:DIN - Get Free Report) had its price objective cut by analysts at Truist Financial from $37.00 to $27.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "hold" rating on the restaurant operator's stock. Truist Financial's price objective points to a potential upside of 8.07% from the stock's previous close.

• Dine Brands’ Transformation Plan: A Recipe for Recovery?

DIN has been the subject of a number of other reports. Piper Sandler cut their price objective on Dine Brands Global from $40.00 to $38.00 and set a "neutral" rating for the company in a research report on Monday, November 18th. Barclays reduced their target price on shares of Dine Brands Global from $32.00 to $26.00 and set an "equal weight" rating for the company in a report on Thursday. KeyCorp cut their price objective on shares of Dine Brands Global from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. UBS Group lowered their target price on Dine Brands Global from $32.00 to $25.00 and set a "neutral" rating on the stock in a research note on Thursday. Finally, Wedbush decreased their price objective on Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $29.50.

Check Out Our Latest Research Report on DIN

Dine Brands Global Trading Up 2.9 %

• Dine Brands Stock is a Post-Pandemic Steady Eddie

Shares of Dine Brands Global stock traded up $0.71 on Thursday, reaching $24.98. 151,961 shares of the company were exchanged, compared to its average volume of 619,458. Dine Brands Global has a one year low of $22.36 and a one year high of $51.35. The company has a 50-day moving average of $28.00 and a 200 day moving average of $30.51. The company has a market capitalization of $380.89 million, a price-to-earnings ratio of 4.16 and a beta of 1.75.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.48). The firm had revenue of $204.80 million during the quarter, compared to analyst estimates of $200.75 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The business's revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.40 EPS. Analysts predict that Dine Brands Global will post 5.84 earnings per share for the current year.

Institutional Investors Weigh In On Dine Brands Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in DIN. Olympiad Research LP bought a new stake in shares of Dine Brands Global during the 3rd quarter worth $407,000. Olstein Capital Management L.P. lifted its holdings in shares of Dine Brands Global by 25.1% in the third quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator's stock worth $9,438,000 after acquiring an additional 60,605 shares during the last quarter. Aigen Investment Management LP boosted its stake in shares of Dine Brands Global by 65.0% in the 3rd quarter. Aigen Investment Management LP now owns 20,687 shares of the restaurant operator's stock valued at $646,000 after purchasing an additional 8,149 shares in the last quarter. Victory Capital Management Inc. acquired a new position in Dine Brands Global during the 3rd quarter worth approximately $225,000. Finally, Quest Partners LLC increased its position in Dine Brands Global by 965.3% during the 3rd quarter. Quest Partners LLC now owns 16,565 shares of the restaurant operator's stock worth $517,000 after purchasing an additional 15,010 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors.

Dine Brands Global Company Profile

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.

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