Dine Brands Global, Inc. (NYSE:DIN) – Research analysts at Truist Securiti lifted their Q2 2021 earnings estimates for shares of Dine Brands Global in a research report issued to clients and investors on Tuesday, June 8th. Truist Securiti analyst J. Bartlett now expects that the restaurant operator will earn $1.73 per share for the quarter, up from their previous forecast of $1.68. Truist Securiti also issued estimates for Dine Brands Global’s Q3 2021 earnings at $1.56 EPS, Q4 2021 earnings at $1.77 EPS, FY2021 earnings at $6.81 EPS and FY2022 earnings at $6.84 EPS.
Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Tuesday, May 4th. The restaurant operator reported $1.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.88. Dine Brands Global had a negative return on equity of 10.11% and a negative net margin of 14.67%. The firm had revenue of $204.20 million during the quarter, compared to analyst estimates of $196.45 million. During the same period last year, the company earned $1.45 EPS. Dine Brands Global’s quarterly revenue was down 1.3% compared to the same quarter last year.
Shares of DIN stock opened at $92.16 on Thursday. Dine Brands Global has a 52-week low of $34.31 and a 52-week high of $100.70. The company has a market cap of $1.58 billion, a price-to-earnings ratio of -15.28 and a beta of 2.11. The business’s 50 day simple moving average is $93.56.
In other news, Director Larry Alan Kay sold 449 shares of Dine Brands Global stock in a transaction on Tuesday, May 18th. The stock was sold at an average price of $98.18, for a total value of $44,082.82. Following the transaction, the director now directly owns 10,041 shares in the company, valued at approximately $985,825.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.72% of the company’s stock.
Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Dine Brands Global by 112.5% in the 4th quarter. JPMorgan Chase & Co. now owns 136,849 shares of the restaurant operator’s stock valued at $7,937,000 after acquiring an additional 72,438 shares during the period. BlackRock Inc. increased its holdings in shares of Dine Brands Global by 2.2% in the 4th quarter. BlackRock Inc. now owns 2,700,171 shares of the restaurant operator’s stock valued at $156,610,000 after acquiring an additional 58,366 shares during the period. Morgan Stanley increased its holdings in shares of Dine Brands Global by 121.5% in the 4th quarter. Morgan Stanley now owns 186,685 shares of the restaurant operator’s stock valued at $10,828,000 after acquiring an additional 102,417 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Dine Brands Global in the 1st quarter valued at $672,000. Finally, Aperio Group LLC increased its holdings in shares of Dine Brands Global by 3.5% in the 4th quarter. Aperio Group LLC now owns 13,097 shares of the restaurant operator’s stock valued at $760,000 after acquiring an additional 442 shares during the period. Institutional investors and hedge funds own 86.84% of the company’s stock.
About Dine Brands Global
Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.
Further Reading: What are some reasons analysts would give stocks a buy rating?
Receive News & Ratings for Dine Brands Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dine Brands Global and related companies with MarketBeat.com's FREE daily email newsletter.