Dine Brands Global (DIN) Earns Outperform Rating from Wedbush

Dine Brands Global (NYSE:DIN)‘s stock had its “outperform” rating reiterated by research analysts at Wedbush in a research report issued to clients and investors on Friday, The Fly reports. They currently have a $135.00 price objective on the restaurant operator’s stock. Wedbush’s price target would suggest a potential upside of 35.69% from the stock’s previous close. The analysts noted that the move was a valuation call.

Other analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Dine Brands Global from a “sell” rating to a “hold” rating in a research note on Wednesday, December 19th. ValuEngine cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. TheStreet raised shares of Dine Brands Global from a “d+” rating to a “c+” rating in a research note on Friday, November 2nd. Finally, Maxim Group reissued a “buy” rating on shares of Dine Brands Global in a research note on Wednesday, January 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $111.75.

Shares of DIN opened at $99.49 on Friday. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 23.97 and a beta of 0.45. Dine Brands Global has a fifty-two week low of $61.89 and a fifty-two week high of $99.75.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Thursday, February 21st. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.11. Dine Brands Global had a net margin of 19.41% and a negative return on equity of 40.87%. The company had revenue of $174.60 million during the quarter, compared to analysts’ expectations of $197.28 million. During the same period in the previous year, the company earned $0.48 EPS. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. Equities research analysts anticipate that Dine Brands Global will post 5.25 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Piedmont Investment Advisors Inc. boosted its position in Dine Brands Global by 3.4% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 4,198 shares of the restaurant operator’s stock worth $283,000 after purchasing an additional 137 shares during the period. ETRADE Capital Management LLC boosted its position in Dine Brands Global by 2.2% during the 4th quarter. ETRADE Capital Management LLC now owns 9,772 shares of the restaurant operator’s stock worth $658,000 after purchasing an additional 209 shares during the period. Thrivent Financial for Lutherans boosted its position in Dine Brands Global by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 12,735 shares of the restaurant operator’s stock worth $858,000 after purchasing an additional 280 shares during the period. GSA Capital Partners LLP boosted its position in Dine Brands Global by 8.1% during the 4th quarter. GSA Capital Partners LLP now owns 4,143 shares of the restaurant operator’s stock worth $279,000 after purchasing an additional 309 shares during the period. Finally, Meeder Asset Management Inc. boosted its position in Dine Brands Global by 2,426.7% during the 4th quarter. Meeder Asset Management Inc. now owns 379 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 364 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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