Brokerages Anticipate Dine Brands Global, Inc. (NYSE:DIN) Will Post Quarterly Sales of $238.22 Million

Wall Street analysts expect Dine Brands Global, Inc. (NYSE:DIN – Get Rating) to announce sales of $238.22 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Dine Brands Global’s earnings, with the lowest sales estimate coming in at $235.01 million and the highest estimate coming in at $242.00 million. Dine Brands Global reported sales of $233.62 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Dine Brands Global will report full year sales of $937.53 million for the current fiscal year, with estimates ranging from $924.16 million to $949.70 million. For the next financial year, analysts anticipate that the company will post sales of $969.08 million, with estimates ranging from $949.47 million to $983.40 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Dine Brands Global.

Dine Brands Global (NYSE:DIN – Get Rating) last announced its earnings results on Wednesday, May 4th. The restaurant operator reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.10. Dine Brands Global had a net margin of 10.92% and a negative return on equity of 40.90%. The business had revenue of $230.42 million during the quarter, compared to the consensus estimate of $230.18 million. During the same quarter last year, the firm earned $1.75 earnings per share. Dine Brands Global’s quarterly revenue was up 12.8% on a year-over-year basis.

DIN has been the subject of a number of analyst reports. Wedbush reissued a “buy” rating and set a $105.00 target price on shares of Dine Brands Global in a research note on Friday, February 25th. Barclays lowered their target price on shares of Dine Brands Global from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, March 3rd. Zacks Investment Research raised shares of Dine Brands Global from a “sell” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Tuesday. KeyCorp decreased their price target on shares of Dine Brands Global from $95.00 to $90.00 in a research note on Thursday, March 3rd. Finally, Raymond James decreased their price target on shares of Dine Brands Global from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday, March 3rd. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $96.11.

Shares of NYSE DIN opened at $70.68 on Friday. Dine Brands Global has a twelve month low of $61.38 and a twelve month high of $100.70. The firm has a fifty day simple moving average of $74.15 and a 200 day simple moving average of $76.62. The company has a market capitalization of $1.19 billion, a PE ratio of 12.47 and a beta of 1.89.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Monday, March 21st were issued a dividend of $0.46 per share. This is a boost from Dine Brands Global’s previous quarterly dividend of $0.40. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Friday, March 18th. Dine Brands Global’s dividend payout ratio (DPR) is currently 32.45%.

In other news, Director Larry Alan Kay sold 1,950 shares of Dine Brands Global stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $72.47, for a total transaction of $141,316.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.38% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new position in Dine Brands Global in the fourth quarter valued at about $101,187,000. Alliancebernstein L.P. boosted its stake in Dine Brands Global by 13.8% in the fourth quarter. Alliancebernstein L.P. now owns 2,031,514 shares of the restaurant operator’s stock valued at $154,009,000 after acquiring an additional 246,837 shares during the last quarter. Clearfield Capital Management LP boosted its stake in Dine Brands Global by 611.5% in the fourth quarter. Clearfield Capital Management LP now owns 225,540 shares of the restaurant operator’s stock valued at $17,098,000 after acquiring an additional 193,840 shares during the last quarter. Simcoe Capital Management LLC boosted its stake in Dine Brands Global by 37.3% in the fourth quarter. Simcoe Capital Management LLC now owns 587,572 shares of the restaurant operator’s stock valued at $44,544,000 after acquiring an additional 159,494 shares during the last quarter. Finally, Norges Bank purchased a new position in Dine Brands Global in the fourth quarter valued at about $11,548,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Dine Brands Global Company Profile (Get Rating)

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through five segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.

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