Dine Brands Global (NYSE:DIN) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Dine Brands Global (NYSE:DIN) released its quarterly earnings data on Wednesday. The restaurant operator reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.07, Briefing.com reports. The business had revenue of $206.30 million for the quarter, compared to analyst estimates of $210.46 million. Dine Brands Global had a negative return on equity of 35.31% and a net margin of 10.59%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 EPS.

Dine Brands Global Stock Up 1.2 %

Shares of DIN traded up $0.35 during trading on Friday, reaching $30.10. The company’s stock had a trading volume of 669,101 shares, compared to its average volume of 353,400. The company has a fifty day moving average of $35.27 and a two-hundred day moving average of $41.55. Dine Brands Global has a twelve month low of $29.25 and a twelve month high of $58.51. The company has a market cap of $463.69 million, a price-to-earnings ratio of 5.36 and a beta of 1.74.

Dine Brands Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Thursday, June 20th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.78%. The ex-dividend date was Thursday, June 20th. Dine Brands Global’s payout ratio is 36.30%.

Analyst Ratings Changes

Several equities analysts recently commented on DIN shares. Wedbush reduced their price target on Dine Brands Global from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday. UBS Group reduced their price target on Dine Brands Global from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday. Piper Sandler reduced their price target on Dine Brands Global from $49.00 to $48.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Truist Financial reduced their price target on Dine Brands Global from $71.00 to $66.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, KeyCorp reduced their price target on Dine Brands Global from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Dine Brands Global currently has a consensus rating of “Moderate Buy” and an average target price of $48.86.

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.