Dine Brands Global (NYSE:DIN) Issues Earnings Results

Dine Brands Global (NYSE:DIN) issued its quarterly earnings results on Wednesday. The restaurant operator reported $1.71 EPS for the quarter, topping the consensus estimate of $1.64 by $0.07, Briefing.com reports. Dine Brands Global had a negative return on equity of 35.31% and a net margin of 10.59%. The company had revenue of $206.30 million for the quarter, compared to the consensus estimate of $210.46 million. During the same period in the previous year, the business posted $1.82 EPS. The company’s revenue for the quarter was down 1.0% on a year-over-year basis.

Dine Brands Global Price Performance

Shares of DIN traded up $0.35 during mid-day trading on Friday, reaching $30.10. The company had a trading volume of 669,101 shares, compared to its average volume of 353,400. The company’s 50-day moving average is $35.27 and its 200-day moving average is $41.55. The company has a market capitalization of $463.69 million, a P/E ratio of 5.36 and a beta of 1.74. Dine Brands Global has a twelve month low of $29.25 and a twelve month high of $58.51.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Thursday, June 20th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date of this dividend was Thursday, June 20th. Dine Brands Global’s payout ratio is 36.30%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DIN. StockNews.com lowered shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Wednesday. KeyCorp dropped their price objective on shares of Dine Brands Global from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday. Wedbush reduced their target price on shares of Dine Brands Global from $37.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday. UBS Group decreased their target price on Dine Brands Global from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Benchmark cut Dine Brands Global from a “buy” rating to a “hold” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Dine Brands Global currently has an average rating of “Moderate Buy” and an average price target of $48.86.

About Dine Brands Global

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.