Dine Brands Global, Inc. (NYSE:DIN – Get Rating) – Equities research analysts at Wedbush lifted their Q1 2023 earnings per share (EPS) estimates for shares of Dine Brands Global in a research report issued on Thursday, May 5th. Wedbush analyst N. Setyan now expects that the restaurant operator will earn $1.88 per share for the quarter, up from their prior estimate of $1.57. Wedbush currently has a “Buy” rating and a $105.00 target price on the stock.
Other equities analysts have also issued research reports about the company. Barclays dropped their target price on Dine Brands Global from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, March 3rd. Truist Financial boosted their target price on Dine Brands Global from $112.00 to $114.00 and gave the stock a “buy” rating in a research note on Thursday, March 10th. StockNews.com upgraded shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Thursday. MKM Partners reduced their price objective on shares of Dine Brands Global from $92.00 to $80.00 in a research report on Thursday, March 3rd. Finally, KeyCorp decreased their price objective on shares of Dine Brands Global from $95.00 to $90.00 in a research note on Thursday, March 3rd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $96.11.
Dine Brands Global (NYSE:DIN – Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The restaurant operator reported $1.54 EPS for the quarter, beating the consensus estimate of $1.44 by $0.10. Dine Brands Global had a net margin of 10.53% and a negative return on equity of 41.75%. The company had revenue of $230.42 million during the quarter, compared to analysts’ expectations of $230.18 million. During the same quarter last year, the company posted $1.75 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 1st. Shareholders of record on Monday, March 21st were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.48%. This is a boost from Dine Brands Global’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, March 18th. Dine Brands Global’s dividend payout ratio (DPR) is presently 32.80%.
In other news, Director Larry Alan Kay sold 1,950 shares of the business’s stock in a transaction that occurred on Thursday, March 10th. The stock was sold at an average price of $72.47, for a total value of $141,316.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.38% of the company’s stock.
Large investors have recently modified their holdings of the company. Alliancebernstein L.P. raised its holdings in Dine Brands Global by 13.8% during the fourth quarter. Alliancebernstein L.P. now owns 2,031,514 shares of the restaurant operator’s stock worth $154,009,000 after purchasing an additional 246,837 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Dine Brands Global in the 4th quarter valued at approximately $101,187,000. Simcoe Capital Management LLC boosted its stake in shares of 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 buying an additional 159,494 shares in the last quarter. State Street Corp raised its position in Dine Brands Global by 5.4% in the fourth quarter. State Street Corp now owns 549,928 shares of the restaurant operator’s stock worth $41,907,000 after acquiring an additional 28,307 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Dine Brands Global by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 283,043 shares of the restaurant operator’s stock valued at $21,457,000 after acquiring an additional 1,827 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.
About Dine Brands Global (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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