Dine Brands Global (DIN) Scheduled to Post Quarterly Earnings on Tuesday

Dine Brands Global (NYSE:DINGet Rating) will be announcing its earnings results before the market opens on Tuesday, August 9th. Analysts expect the company to announce earnings of $1.60 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Dine Brands Global (NYSE:DINGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The restaurant operator reported $1.54 earnings per share for the quarter, topping 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 analyst estimates of $230.18 million. During the same quarter last year, the business posted $1.75 earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. On average, analysts expect Dine Brands Global to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Dine Brands Global Price Performance

DIN opened at $71.76 on Tuesday. Dine Brands Global has a one year low of $61.29 and a one year high of $95.00. The company’s 50 day simple moving average is $69.05 and its 200-day simple moving average is $71.97. The stock has a market capitalization of $1.20 billion, a P/E ratio of 12.79 and a beta of 1.83.

Dine Brands Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 8th. Stockholders of record on Monday, June 20th were paid a dividend of $0.51 per share. This is a boost from Dine Brands Global’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend was Thursday, June 16th. Dine Brands Global’s dividend payout ratio is 36.36%.

Hedge Funds Weigh In On Dine Brands Global

Hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in shares of Dine Brands Global by 12.1% during the first quarter. Envestnet Asset Management Inc. now owns 3,753 shares of the restaurant operator’s stock worth $293,000 after acquiring an additional 404 shares during the period. Citigroup Inc. raised its holdings in shares of Dine Brands Global by 2.2% during the first quarter. Citigroup Inc. now owns 15,537 shares of the restaurant operator’s stock worth $1,210,000 after acquiring an additional 331 shares during the period. Bank of Montreal Can raised its holdings in shares of Dine Brands Global by 3.8% during the first quarter. Bank of Montreal Can now owns 5,659 shares of the restaurant operator’s stock worth $440,000 after acquiring an additional 209 shares during the period. MetLife Investment Management LLC raised its holdings in shares of Dine Brands Global by 57.0% during the first quarter. MetLife Investment Management LLC now owns 8,526 shares of the restaurant operator’s stock worth $665,000 after acquiring an additional 3,097 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Dine Brands Global by 7.0% during the first quarter. Rhumbline Advisers now owns 42,324 shares of the restaurant operator’s stock worth $3,299,000 after acquiring an additional 2,775 shares during the period. 91.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. KeyCorp decreased their price target on shares of Dine Brands Global from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, July 22nd. StockNews.com raised shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Tuesday, July 26th. Barclays reduced their price objective on shares of Dine Brands Global from $93.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, June 9th. Finally, Raymond James reduced their price objective on shares of Dine Brands Global from $95.00 to $85.00 in a research note on Tuesday, July 19th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Dine Brands Global currently has an average rating of “Moderate Buy” and an average price target of $94.88.

Dine Brands Global Company Profile

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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.

Further Reading

Earnings History for Dine Brands Global (NYSE:DIN)

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