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

Dine Brands Global (NYSE:DIN) released its quarterly 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. The business had revenue of $204.80 million during the quarter, compared to analyst estimates of $200.75 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The company’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the company posted $1.40 earnings per share.

Dine Brands Global Stock Up 3.8 %

Shares of NYSE:DIN opened at $24.36 on Thursday. Dine Brands Global has a twelve month low of $22.36 and a twelve month high of $51.35. The firm has a market capitalization of $371.36 million, a price-to-earnings ratio of 4.05 and a beta of 1.75. The stock’s 50 day moving average is $28.00 and its 200-day moving average is $30.51.

Dine Brands Global Announces Dividend

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

Analyst Ratings Changes

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