Dine Brands Global (DIN) Rating Lowered to Hold at Zacks Investment Research

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

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. “

Get Dine Brands Global alerts:

Separately, Maxim Group restated a “buy” rating and issued a $95.00 price objective on shares of Dine Brands Global in a report on Tuesday, May 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $89.00.

Shares of Dine Brands Global opened at $74.36 on Tuesday, Marketbeat Ratings reports. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of -6.30. Dine Brands Global has a 1 year low of $36.71 and a 1 year high of $82.62. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 17.92 and a beta of 0.08.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, May 2nd. The restaurant operator reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.01. The business had revenue of $188.20 million during the quarter, compared to analyst estimates of $155.46 million. Dine Brands Global had a negative return on equity of 91.75% and a negative net margin of 51.53%. The company’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 earnings per share. equities analysts expect that Dine Brands Global will post 5.11 EPS for the current year.

In other news, Director Gilbert T. Ray sold 17,868 shares of the company’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $75.90, for a total transaction of $1,356,181.20. Following the completion of the sale, the director now directly owns 7,500 shares of the company’s stock, valued at $569,250. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Larry Alan Kay sold 400 shares of the company’s stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $77.19, for a total value of $30,876.00. Following the sale, the director now directly owns 8,199 shares of the company’s stock, valued at $632,880.81. The disclosure for this sale can be found here. Corporate insiders own 2.75% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in DIN. Schwab Charles Investment Management Inc. lifted its holdings in shares of Dine Brands Global by 10.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 170,224 shares of the restaurant operator’s stock valued at $8,636,000 after purchasing an additional 16,535 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Dine Brands Global during the fourth quarter valued at $301,000. California Public Employees Retirement System lifted its holdings in shares of Dine Brands Global by 18.2% during the fourth quarter. California Public Employees Retirement System now owns 65,593 shares of the restaurant operator’s stock valued at $3,328,000 after purchasing an additional 10,108 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Dine Brands Global by 223.1% during the fourth quarter. Arizona State Retirement System now owns 30,233 shares of the restaurant operator’s stock valued at $1,534,000 after purchasing an additional 20,876 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Dine Brands Global by 13.4% during the fourth quarter. Rhumbline Advisers now owns 42,910 shares of the restaurant operator’s stock valued at $2,177,000 after purchasing an additional 5,055 shares during the last quarter. 97.14% of the stock is owned by institutional investors and hedge funds.

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.

Get a free copy of the Zacks research report on Dine Brands Global (DIN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com