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Deutsche bank raises Dine Brands Global [DIN]’s rating to Buy and price target to $77

Deutsche bank took its Dine Brands Global [DIN] rating to the equivalent of Buy from Hold, and the ‎price target to $77, in a research note dated 2021-01-05. That figure represents around a 33.75% ‎premium from where the company’s shares closed on Monday. Other analysts also revised their ‎coverage, with MKM Partners’s analysts downgrading the shares from “a Buy” rating to “a Neutral” ‎rating in a research note to investors issued in late February. Meanwhile, Deutsche Bank had lowered ‎its rating on DIN to “Hold” from the earlier “Buy”, in a research note produced for clients January 13, ‎‎2020. In addition, SunTrust launched coverage on December 10, 2019. The research firm rated DIN “a ‎Buy”.

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Is Dine Brands Global Inc. [NYSE:DIN] a Good Buy ‎Right Now?

It should be noted that DIN technical indicators for short, intermediate as well as long ‎term progress have placed an overall average of 40% as Buy. The average signal changed from 64% Buy ‎in the last week and compares with 100% Buy in the past month. Data from Dine Brands Global Inc.’s ‎Trend Spotter indicated that the signals were Strengthening. The stock current average is 0.35 million ‎shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, ‎the average trading volume was 0.4 million shares while the medium term average advocated for 50% ‎Buy. The average long-term signal stands at 50% Buy and the 100-day average volume stands at 0.43 ‎million shares.

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DIN Price Performance

On Wall Street, Dine Brands Global Inc. [NYSE:DIN] ‎finished Monday’s session down -0.78% at $57.55. The stock went up to $59.0568 at the same session ‎while its lowest single day price was $56.50. In the last five days, it saw a fall of about -6.42%, Dine ‎Brands Global Inc. shares dropped by almost -0.78% since the beginning of the year. However, the ‎share price has dropped to as low as -44.91% below its one year high. On 01/04/21, the company ‎shares recorded $59.06, the highest single-day price it has got to in the last 52-weeks and a 52-week ‎low was seen on 01/04/21, the same year at $56.50. The company’s shares have declined by -32.35% in ‎the past year. The 50-day SMA achieved is $61.59 while the 200-day SMA is $49.72. Volume dropped to ‎‎0.55 million from 0.83 million in the previous session.

DIN Stock Support And Resistance ‎Levels

On the 24-hour scale, the immediate backing is perceived around 56.35 level, and in case ‎of violation of this particular level, it will cause more drop to 55.15 level. On the upper level, 60.26 is still ‎the key resistance. The stock may increase to the subsequent resistance at 58.90. The Relative ‎Strength Index (RSI) pinned on the 14-day chart is 35.92, implying a neutral technical stance while the ‎MACD stands at -4.56, meaning price will decrease in the next trading period. Percent R indicator ‎moved to 90.76%, implying bearish price movement. Stochastic %K at 10.87% suggest selling the ‎stock.

What is the short interest in Dine Brands Global Inc.?

Short interest in the Dine Brands ‎Global Inc. stock has surged, increasing by 0.15 million shares to total 1.04 million shares on Dec 14, ‎‎2020. The interest had seen shares on Nov 12, 2020 stand at 1.19 million, data from Yahoo Finance ‎shows. The decrease of -14.42% suggests the stock saw some decreased bullish sentiment. The stock’s ‎days to cover (short ratio) moved to while the shorted shares account for just 11.83% of the overall ‎float for the stock.

Dine Brands Global Inc.’s Biggest Shareholders: Who Owns Dine Brands Global ‎Inc. [DIN]?

Filings by BlackRock Fund Advisors showed that the firm now holds a total of 2,313,350 ‎shares or roughly 14.09% of the outstanding DIN shares. This means their shares have increased by ‎‎16,226 from the 2,313,350 the investor reportedly held in its prior 13-F filing. With the conclusion of the ‎purchase, The Vanguard Group, Inc. updated stake is worth $105,916,799. Details in the latest 13F ‎filings reveal that Wells Capital Management, Inc. acquired their 2.66% stake valued at $65,707,054 ‎while MSD Capital LP cut theirs at $46,632,119. During the last quarter, Wells Capital Management, Inc. ‎raised 27,059 of its shares in Dine Brands Global Inc.. The SSgA Funds Management, Inc.’s holdings ‎currently number 488,872 shares at $28134583.6. According to the firm’s last 13F report, Fidelity ‎Management & Research Co shares in the company at filing stood at 484,038 shares, roughly ‎‎$30,479,873.

DIN Earnings Forecast For The Current Quarter

Dine Brands Global Inc. [DIN] is ‎expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates ‎give the company expected revenues of $206.11M and an earnings per share of $0.92 for Dec 2020. ‎Looking further ahead, the company is expected to report revenue of $207.35M at an EPS of $1.23 for ‎Mar 2021. The estimates represent downside of 20.90% and 126.22% in the company’s revenue and ‎earnings per share, respectively, on a year-on-year basis.

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DIN Earnings Estimates For The Current Year

For the ‎financial year, Dine Brands Global Inc. [NYSE:DIN] is expected to bring in revenue of $703.04M. The ‎returns are nearly $-207.14 million lower than the company’s actual revenue recorded in the fiscal year ‎‎2019. In terms of EPS for the 2020, estimate put it at 2.31, lower than that of FY19 by -$4.64. Estimates ‎put this year’s earnings growth at -66.80%, 126.80% for the next, and at an annual -3.51% over the next ‎‎5-year period. As for sales, forecasts are for a decrease of -22.80% in the current fiscal year and a ‎further 20.90% over the following year.‎

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