Zacks Investment Research Downgrades Dine Brands Global (DIN) to Hold

Dine Brands Global (NYSE:DIN) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “Dine Brands Global, Inc. is a full-service dining company. It operates and franchises restaurants under both the Applebee’s Neighborhood Grill & Bar and IHOP brands. The company’s Applebee’s restaurants offer casual food, drinks, casual dining, and table services and IHOP restaurants provide full table services, and food and beverage offerings. Dine Brands Global, Inc. formerly known as Dine Equity Inc., is headquartered in Glendale, California. “

Several other equities analysts have also commented on the company. ValuEngine raised Dine Brands Global from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Wedbush initiated coverage on Dine Brands Global in a research note on Thursday, January 31st. They issued an “outperform” rating and a $120.00 price target on the stock. Finally, Maxim Group reaffirmed a “buy” rating on shares of Dine Brands Global in a research note on Wednesday, January 9th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $116.00.

Shares of Dine Brands Global stock opened at $87.20 on Tuesday. Dine Brands Global has a 52 week low of $61.89 and a 52 week high of $101.18. The firm has a market capitalization of $1.57 billion, a PE ratio of 16.24 and a beta of 0.51.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results on Thursday, February 21st. The restaurant operator reported $1.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.13. Dine Brands Global had a negative return on equity of 45.41% and a net margin of 10.29%. The business had revenue of $174.60 million for the quarter, compared to analyst estimates of $197.28 million. During the same quarter in the prior year, the company posted $0.48 EPS. The company’s quarterly revenue was up 21.2% on a year-over-year basis. Sell-side analysts expect that Dine Brands Global will post 7.14 earnings per share for the current year.

In other Dine Brands Global news, Director Larry Alan Kay sold 700 shares of the company’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $99.00, for a total transaction of $69,300.00. Following the sale, the director now owns 6,684 shares in the company, valued at approximately $661,716. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Bryan R. Adel sold 6,990 shares of the company’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $99.50, for a total value of $695,505.00. Following the sale, the senior vice president now owns 23,397 shares in the company, valued at approximately $2,328,001.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,496 shares of company stock worth $2,110,338. 2.71% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of DIN. Meeder Asset Management Inc. increased its holdings 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. Enlightenment Research LLC purchased a new stake in Dine Brands Global during the 4th quarter worth about $27,000. Lindbrook Capital LLC purchased a new stake in Dine Brands Global during the 4th quarter worth about $51,000. Captrust Financial Advisors increased its holdings in Dine Brands Global by 159.8% during the 4th quarter. Captrust Financial Advisors now owns 847 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 521 shares during the period. Finally, Cutler Group LP purchased a new stake in Dine Brands Global during the 4th quarter worth about $79,000.

Dine Brands Global Company Profile

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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