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Raymond James upgrades Dine Brands Global [DIN] to Outperform and price target to $75

Raymond James took its Dine Brands Global [DIN] rating to the equivalent of Outperform from Market Perform, and the price target to $75.0, in a research note dated 2021-01-06. That figure represents around a 21.77% premium from where the company’s shares closed on Tuesday. Other analysts also revised their coverage, with Raymond James’s analysts downgrading the shares from “an Outperform” rating to “a Mkt perform” rating in a research note to investors issued in late February. Meanwhile, MKM Partners had lowered its rating on DIN to “Neutral” from the earlier “Buy”, in a research note produced for clients February 25, 2020. In addition, there was a downgrade from Deutsche Bank on January 13, 2020. The rater changed DIN from “a Buy” to “a Hold”.

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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 56% 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 Weakest. The stock current average is 0.37 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 0.41 million shares while the medium term average advocated for 50% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.44 million shares.

DIN Price Performance

On Wall Street, Dine Brands Global Inc. [NYSE:DIN] finished Tuesday’s session up 6.86% at $61.50. The stock went up to $62.55 at the same session while its lowest single day price was $58.73. In the last five days, it saw a rise of about 2.04%, Dine Brands Global Inc. shares gained by almost 6.03% since the beginning of the year. However, the share price has dropped to as low as -41.13% below its one year high. On 01/05/21, the company shares recorded $62.55, 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 -27.94% in the past year. The 50-day SMA achieved is $61.63 while the 200-day SMA is $49.94. Volume gained to 0.77 million from 0.55 million in the previous session.

DIN Stock Support And Resistance Levels

On the 24-hour scale, the immediate backing is perceived around 59.30 level, and in case of violation of this particular level, it will cause more drop to 57.11 level. On the upper level, 64.75 is still the key resistance. The stock may increase to the subsequent resistance at 63.12. The Relative Strength Index (RSI) pinned on the 14-day chart is 47.52, implying a neutral technical stance while the MACD stands at -3.52, meaning price will decrease in the next trading period. Percent R indicator moved to 53.57%, implying low price movement. Stochastic %K at 22.45% 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 $30065628.0. 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 $205.53M and an earnings per share of $0.89 for Dec 2020. Looking further ahead, the company is expected to report revenue of $205.79M at an EPS of $1.17 for Mar 2021. The estimates represent downside of 21.20% 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 $702.44M. The returns are nearly $-207.74 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 2.28, lower than that of FY19 by -$4.67. Estimates put this year’s earnings growth at -67.20%, 128.10% for the next, and at an annual -3.10% 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 21.20% over the following year.

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