Dine Brands Global (NYSE:DIN) Announces Quarterly Earnings Results, Beats Estimates By $0.36 EPS

Dine Brands Global (NYSE:DIN) issued its earnings results on Wednesday. The restaurant operator reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.36, FiscalAI reports. The business had revenue of $217.57 million for the quarter, compared to analysts’ expectations of $226.27 million. Dine Brands Global had a net margin of 3.91% and a negative return on equity of 26.01%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 EPS.

Dine Brands Global Trading Down 1.6%

NYSE:DIN traded down $0.48 during mid-day trading on Wednesday, hitting $30.16. The company had a trading volume of 401,770 shares, compared to its average volume of 418,649. The business has a fifty day simple moving average of $34.52 and a 200-day simple moving average of $29.15. Dine Brands Global has a 1 year low of $18.63 and a 1 year high of $39.68. The firm has a market capitalization of $434.86 million, a price-to-earnings ratio of 13.41 and a beta of 0.97.

Dine Brands Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Wednesday, March 18th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Wednesday, March 18th. Dine Brands Global’s dividend payout ratio is 33.93%.

Hedge Funds Weigh In On Dine Brands Global

Several institutional investors have recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Dine Brands Global in the 4th quarter worth approximately $9,099,000. Millennium Management LLC raised its stake in shares of Dine Brands Global by 51.2% during the first quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after purchasing an additional 172,013 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of Dine Brands Global during the 3rd quarter worth $4,175,000. Cibc World Markets Corp bought a new stake in Dine Brands Global during the fourth quarter worth approximately $3,567,000. Finally, Vanguard Group Inc. raised its position in Dine Brands Global by 10.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,041,335 shares of the restaurant operator’s stock valued at $25,742,000 after purchasing an additional 101,304 shares during the last quarter. 92.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DIN has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Dine Brands Global in a report on Monday, December 29th. UBS Group increased their price objective on shares of Dine Brands Global from $21.00 to $35.00 and gave the company a “neutral” rating in a research report on Tuesday, January 6th. Zacks Research lowered shares of Dine Brands Global from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Mizuho lifted their price objective on Dine Brands Global from $28.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, January 9th. Finally, Barclays increased their target price on shares of Dine Brands Global from $26.00 to $40.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Dine Brands Global currently has an average rating of “Hold” and a consensus price target of $31.29.

About Dine Brands Global

Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.