Wedbush Research Analysts Cut Earnings Estimates for DIN

Dine Brands Global, Inc. (NYSE:DIN) – Equities research analysts at Wedbush lowered their FY2024 EPS estimates for Dine Brands Global in a report released on Thursday, November 7th. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings of $5.88 per share for the year, down from their prior forecast of $5.93. Wedbush has a “Outperform” rating and a $47.00 price objective on the stock. The consensus estimate for Dine Brands Global’s current full-year earnings is $5.77 per share. Wedbush also issued estimates for Dine Brands Global’s Q1 2025 earnings at $1.40 EPS and Q3 2025 earnings at $1.56 EPS.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, topping the consensus estimate of $1.34 by $0.10. The business had revenue of $195.00 million during the quarter, compared to the consensus estimate of $198.40 million. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.46 earnings per share.

A number of other equities research analysts have also issued reports on the company. KeyCorp reduced their price target on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, October 18th. StockNews.com lowered Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday. Benchmark restated a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. UBS Group dropped their price objective on shares of Dine Brands Global from $51.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Barclays increased their price objective on shares of Dine Brands Global from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $46.14.

Dine Brands Global Stock Performance

NYSE:DIN opened at $35.25 on Friday. The stock has a market cap of $539.33 million, a PE ratio of 5.91 and a beta of 1.71. Dine Brands Global has a one year low of $28.25 and a one year high of $52.05. The stock has a 50 day moving average price of $31.07 and a 200 day moving average price of $35.04.

Dine Brands Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 5.79%. The ex-dividend date was Friday, September 20th. Dine Brands Global’s dividend payout ratio (DPR) is presently 34.23%.

Institutional Trading of Dine Brands Global

A number of large investors have recently bought and sold shares of the stock. First Eagle Investment Management LLC lifted its holdings in Dine Brands Global by 9.9% in the first quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock valued at $12,086,000 after buying an additional 23,400 shares during the period. Quantbot Technologies LP increased its stake in Dine Brands Global by 58.7% in the 1st quarter. Quantbot Technologies LP now owns 12,320 shares of the restaurant operator’s stock valued at $573,000 after buying an additional 4,557 shares during the last quarter. Headlands Technologies LLC raised its holdings in Dine Brands Global by 438.7% during the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 623 shares in the last quarter. Clearline Capital LP boosted its holdings in shares of Dine Brands Global by 225.0% in the 2nd quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock valued at $4,510,000 after buying an additional 86,241 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in shares of Dine Brands Global by 19.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 148,286 shares of the restaurant operator’s stock valued at $5,368,000 after acquiring an additional 24,556 shares during the period. 92.83% of the stock is currently owned by institutional investors.

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.