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

Dine Brands Global (NYSE:DIN) announced its earnings results on Wednesday. The restaurant operator reported $0.87 EPS for the quarter, missing the consensus estimate 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 company had revenue of $204.80 million for the quarter, compared to analyst estimates of $200.75 million. During the same quarter last year, the business posted $1.40 earnings per share. The business’s quarterly revenue was down .7% on a year-over-year basis.

Dine Brands Global Price Performance

Shares of DIN opened at $24.36 on Thursday. The company’s 50-day moving average is $28.00 and its 200-day moving average is $30.51. The firm has a market capitalization of $371.36 million, a PE ratio of 4.05 and a beta of 1.75. Dine Brands Global has a fifty-two week low of $22.36 and a fifty-two week high of $51.35.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.04 dividend on an annualized basis and a yield of 8.38%. Dine Brands Global’s dividend payout ratio (DPR) is 33.94%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DIN shares. Wedbush reiterated a “neutral” rating and set a $28.00 target price (down previously from $47.00) on shares of Dine Brands Global in a report on Friday, February 28th. KeyCorp decreased their price objective on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Friday, January 31st. UBS Group reissued a “neutral” rating and issued a $32.00 target price (down previously from $44.00) on shares of Dine Brands Global in a research report on Tuesday, January 7th. Piper Sandler reduced their price target on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. Finally, Barclays reiterated an “equal weight” rating and issued a $32.00 price objective (down from $43.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $33.67.

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.