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

Dine Brands Global (NYSE:DIN) issued its quarterly 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. Dine Brands Global had a negative return on equity of 26.01% and a net margin of 3.91%.The firm had revenue of $217.57 million during the quarter, compared to the consensus estimate of $226.27 million. During the same quarter last year, the company posted $0.87 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis.

Dine Brands Global Price Performance

DIN traded down $0.12 during trading on Wednesday, hitting $30.52. 486,889 shares of the stock traded hands, compared to its average volume of 422,644. The firm has a market capitalization of $440.08 million, a P/E ratio of 13.62 and a beta of 0.97. Dine Brands Global has a 12-month low of $18.63 and a 12-month high of $39.68. The firm has a 50-day moving average of $34.52 and a 200 day moving average of $29.15.

Dine Brands Global Announces Dividend

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

Institutional Trading of Dine Brands Global

A number of institutional investors have recently modified their holdings of DIN. Garton & Associates Financial Advisors LLC purchased a new position in Dine Brands Global during the 4th quarter valued at about $26,000. Advisory Services Network LLC purchased a new position in shares of Dine Brands Global during the third quarter valued at approximately $27,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Dine Brands Global during the third quarter valued at approximately $50,000. Tower Research Capital LLC TRC raised its holdings in shares of Dine Brands Global by 307.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator’s stock valued at $51,000 after acquiring an additional 1,578 shares in the last quarter. Finally, Quadrant Capital Group LLC purchased a new stake in Dine Brands Global in the third quarter worth $87,000. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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