Dine Brands Global (NYSE:DIN) Releases Earnings Results

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

Dine Brands Global Price Performance

NYSE DIN opened at $25.39 on Friday. The company has a market cap of $387.02 million, a P/E ratio of 4.22 and a beta of 1.75. Dine Brands Global has a 1-year low of $22.36 and a 1-year high of $51.35. The stock has a 50-day moving average of $27.90 and a two-hundred day moving average of $30.47.

Dine Brands Global Dividend Announcement

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 issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 8.04%. The ex-dividend date of this dividend is Monday, March 17th. Dine Brands Global’s dividend payout ratio (DPR) is 33.94%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DIN. Wedbush cut their price target on shares of Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday. Truist Financial cut their target price on Dine Brands Global from $37.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday. KeyCorp decreased their price target on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Barclays cut their price objective on Dine Brands Global from $32.00 to $26.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, UBS Group reduced their price objective on shares of Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Dine Brands Global currently has a consensus rating of “Hold” and a consensus target price of $29.50.

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.