Wedbush Reaffirms Neutral Rating for Dine Brands Global (NYSE:DIN)

Dine Brands Global (NYSE:DIN)‘s stock had its “neutral” rating reiterated by stock analysts at Wedbush in a research note issued on Friday. They presently have a $28.00 price objective on the restaurant operator’s stock, down from their previous price objective of $47.00. Wedbush’s price target suggests a potential upside of 8.55% from the company’s current price.

DIN has been the topic of a number of other reports. CL King cut shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Piper Sandler dropped their price target 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. StockNews.com downgraded Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Barclays reissued an “equal weight” rating and set a $32.00 price objective (down previously from $43.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $32.00 target price (down from $44.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $38.57.

Dine Brands Global Stock Up 1.0 %

DIN opened at $25.79 on Friday. The company has a market cap of $393.26 million, a PE ratio of 4.29 and a beta of 1.75. Dine Brands Global has a twelve month low of $25.06 and a twelve month high of $51.35. The company has a 50-day moving average price of $28.45 and a 200 day moving average price of $30.70.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Rhumbline Advisers increased its position in shares of Dine Brands Global by 1.5% during the fourth quarter. Rhumbline Advisers now owns 24,006 shares of the restaurant operator’s stock valued at $723,000 after acquiring an additional 362 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Dine Brands Global by 6.3% in the 4th quarter. Russell Investments Group Ltd. now owns 7,032 shares of the restaurant operator’s stock valued at $212,000 after purchasing an additional 414 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Dine Brands Global by 9.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the restaurant operator’s stock valued at $237,000 after purchasing an additional 692 shares during the last quarter. Quadrature Capital Ltd raised its position in Dine Brands Global by 6.4% in the third quarter. Quadrature Capital Ltd now owns 13,042 shares of the restaurant operator’s stock valued at $408,000 after purchasing an additional 786 shares during the period. Finally, Quarry LP boosted its position in shares of Dine Brands Global by 36.3% during the third quarter. Quarry LP now owns 3,130 shares of the restaurant operator’s stock worth $98,000 after buying an additional 834 shares during the period. Institutional investors and hedge funds own 92.83% of the company’s stock.

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.