Dine Brands Global (NYSE:DIN) Announces Quarterly Earnings Results

Dine Brands Global (NYSE:DIN) posted its quarterly earnings data on Wednesday. The restaurant operator reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.48), RTT News reports. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The business had revenue of $204.80 million during the quarter, compared to analyst estimates of $200.75 million. During the same period in the prior year, the firm posted $1.40 EPS. Dine Brands Global’s revenue for the quarter was down .7% compared to the same quarter last year.

Dine Brands Global Stock Performance

Dine Brands Global stock traded up $0.25 during midday trading on Wednesday, reaching $23.72. The stock had a trading volume of 203,700 shares, compared to its average volume of 497,130. The stock has a market capitalization of $361.65 million, a P/E ratio of 3.95 and a beta of 1.75. The firm’s fifty day simple moving average is $28.11 and its 200-day simple moving average is $30.55. Dine Brands Global has a 1-year low of $22.42 and a 1-year high of $51.35.

Dine Brands Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be given a dividend of $0.51 per share. The ex-dividend date is Monday, March 17th. This represents a $2.04 annualized dividend and a dividend yield of 8.60%. Dine Brands Global’s dividend payout ratio is currently 33.94%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DIN. Piper Sandler reduced their target price on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. Wedbush reiterated a “neutral” rating and issued a $28.00 price objective (down from $47.00) on shares of Dine Brands Global in a research report on Friday, February 28th. Barclays restated an “equal weight” rating and set a $32.00 target price (down previously from $43.00) on shares of Dine Brands Global in a research report on Tuesday, January 7th. StockNews.com cut Dine Brands Global from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, UBS Group reissued a “neutral” rating and set a $32.00 price objective (down from $44.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $33.67.

Dine Brands Global Company Profile

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.