According to Bloomberg, the seven research firms that cover Dine Brands Worldwide, INC (NYSE: DIN) have recommended a “Moderate Buy” on average for the stock.
These research firms cover the company.
The stock research specialists have suggested to the company five times that they believe the company should buy the stock, while they have only suggested twice that the company should hold onto the stock.
Throughout the previous year, several different brokers evaluated the stock, and their consensus conclusion was that it would trade at an average price of $85.60 during the year that is to follow.
In related news, Company Director Larry Alan Kay sold 600 shares of the company’s stock on Friday, March 10.
This comes as an additional development about this topic.
It took $41,514.00 worth of the stock to be sold, and the average price per share received was $69.19.
This resulted in revenue. Following the completion of the acquisition, the director now has a total of 7,639 company shares, each of which is valued at 528,542.41 dollars at present. On the Securities and Exchange Commission website, one can find a copy of the legal file that disclosed the transaction.
This file contains the details of the transaction (SEC). 3.38 company insiders own a percent of the total shares currently outstanding.
Many research companies have made DIN reports available for public consumption.
In a research report made available to the public by KeyCorp on March 6, an evaluation of Dine Brands Global was given an “overweight” rating.
Dine Brands Global now has a new price target of $83, a reduction from the previous one of $84, which KeyCorp set.
In a research report released on Thursday, March 2, Wedbush reaffirmed an “outperform” rating and set a price objective of $85.00 for shares of Dine Brands Global.
The report also stated that it has a price objective of $85.00.
In a research report published on March 2, Barclays reclassified the shares of Dine Brands Global as “overweight” and increased their price objective for the company from $80 to $84.
Barclays also raised their price objective for the company from $80 to $84. Raymond James shifted their rating for Dine Brands Global from “outperform” to “market perform” in a research report that was made public on January 24. Raymond James’ report was made available to the public.
Dine Brands Global was downgraded by Truist Financial from a “buy” rating to a “hold” recommendation in a research note published on Friday, March 3.
The company also reduced its target price for the stock from the stock $100 to $92 in the same document.
Several institutional investors have recently adjusted the percentage of the company’s shares that fall under their control. Vanguard Group INC increased the proportion of Dine Brands Worldwide that it owned by 2.6% over the first three months of 2018.
The restaurant operator’s stock was acquired by Vanguard Group INC in the most recent quarter, bringing the total number of shares owned by the company to 2,113,696, with a value of $164,763,000. Over the last three months of 2018, AllianceBernstein L.P.
Increased the amount of Dine Brands Global stock owned by 0.8%.
Alliance Berenstein L.P. now holds 1,730,661 shares of the restaurant operator’s stock, which has a market value of $111,801,000 after purchasing an additional 14,212 shares during the most recent fiscal year quarter.
This brings the total number of shares held by Alliance Berenstein L.P.
To 1,730,661.
During the second quarter of 2018, Simcoe Capital Management LLC increased the percentage of Dine Brands Global stock owned by 29.4 percent.
After making additional purchases totaling 159,855 shares during the most recent fiscal quarter, Simcoe Capital Management LLC now owns a total of 702,825 shares of the restaurant operator’s stock, which has a value of $45,740,000.
This brings the total number of shares owned by the company to a total of 702,825. State Street Corporation purchased a further 3.7% stake in Dine Brands International during the first three months of 2018. State Street Corp. now has 570,271 shares of the restaurant operator’s stock, worth a combined total of $44,711,000 after the company made an additional purchase of 20,343 shares during the most recent quarter.
In the third quarter, Samlyn Capital LLC increased the amount of Dine Brands Global stock owned by 17.6%, making this the last and most important point.
After purchasing an additional 68,902 shares during the most recent quarter, Samlyn Capital LLC now has a total holdings value of $29,251,000 and owns 460,202 of the restaurant operator’s stock.
The value of its holdings has increased to $29,251,000.
Most of the company’s shares, or 95.20 percent, are owned by institutional investors and hedge funds.
NYSE: DIN started trading for the first time on Thursday at $64.67 per share.
The company’s price-to-earnings ratio is 13.09, and its beta value comes in at 1.87.
The company currently has a market capitalization of $1.01 billion of $64.67 per share.
The company’s price-to-earnings ratio is 13.09, and its beta value comes in at 1.87.
The company currently has a market capitalization of $1.01 billion. Over the past year, the price of Dine Brands Global has fluctuated between $61.03 and $82.43, hitting an all-time low of $61.03 and an all-time high of $82.43.
The stock price has a simple moving average of 50 days at $75.40 and a simple moving average of 200 days at $71.32, respectively.
On March 1, the most recent quarterly earnings report for Dine Brands Global, traded on the NYSE under the DIN, was made public.
The restaurant operator reported earnings per share of $1.34 for the quarter, which was $0.13 higher than the consensus estimate of $1.21.
Dine Brands Global had a negative return on equity at 34.24%, and the company’s net margin came in at 8.92%.
The company’s most recent fiscal period recorded total revenue of $208,000,000.
This is a significant decrease from the general forecast, established at $213.26 million.
The company generated earnings of $1.32 per share during the same period the year before.
The amount of money made during the period was 9.4% less than what it had been during the same period the year before.
During the current financial year, Dine Brands Worldwide is anticipated to generate earnings of $6.82 per share.