Equities Analysts Set Expectations for Dine Brands Global, Inc.’s Q4 2023 Earnings (NYSE:DIN)

Dine Brands Global, Inc. (NYSE:DIN) – Wedbush reduced their Q4 2023 earnings per share estimates for Dine Brands Global in a research note issued on Wednesday, November 1st. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings of $1.15 per share for the quarter, down from their prior estimate of $1.34. Wedbush currently has a “Neutral” rating and a $48.00 target price on the stock. The consensus estimate for Dine Brands Global’s current full-year earnings is $6.44 per share. Wedbush also issued estimates for Dine Brands Global’s Q3 2024 earnings at $1.60 EPS.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.14. Dine Brands Global had a negative return on equity of 36.00% and a net margin of 9.07%. The business had revenue of $202.60 million for the quarter, compared to the consensus estimate of $203.23 million. During the same quarter in the previous year, the company posted $1.66 earnings per share. Dine Brands Global’s revenue for the quarter was down 13.1% compared to the same quarter last year.

DIN has been the topic of a number of other research reports. Piper Sandler lowered their price target on Dine Brands Global from $59.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday. Barclays lowered their target price on Dine Brands Global from $64.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday. StockNews.com upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Thursday. KeyCorp lowered their target price on Dine Brands Global from $68.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 17th. Finally, UBS Group started coverage on Dine Brands Global in a research note on Tuesday, September 5th. They issued a “buy” rating and a $68.00 target price on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $58.33.

Dine Brands Global Trading Up 1.9 %

Shares of DIN stock opened at $45.52 on Monday. Dine Brands Global has a 1-year low of $43.39 and a 1-year high of $82.43. The company has a market capitalization of $707.84 million, a price-to-earnings ratio of 9.46 and a beta of 1.87. The stock’s fifty day simple moving average is $50.81 and its 200-day simple moving average is $57.11.

Dine Brands Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Tuesday, September 19th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, September 18th. This represents a $2.04 annualized dividend and a dividend yield of 4.48%. Dine Brands Global’s dividend payout ratio (DPR) is presently 42.41%.

Institutional Trading of Dine Brands Global

Large investors have recently made changes to their positions in the stock. FMR LLC boosted its stake in Dine Brands Global by 1.2% during the 1st quarter. FMR LLC now owns 13,618 shares of the restaurant operator’s stock valued at $921,000 after purchasing an additional 159 shares during the period. Bank of Montreal Can boosted its stake in Dine Brands Global by 3.8% during the 1st quarter. Bank of Montreal Can now owns 5,659 shares of the restaurant operator’s stock valued at $440,000 after purchasing an additional 209 shares during the period. PNC Financial Services Group Inc. boosted its stake in Dine Brands Global by 27.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,019 shares of the restaurant operator’s stock valued at $59,000 after purchasing an additional 217 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Dine Brands Global by 4.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,171 shares of the restaurant operator’s stock valued at $358,000 after purchasing an additional 248 shares during the period. Finally, American International Group Inc. boosted its stake in Dine Brands Global by 3.4% during the 2nd quarter. American International Group Inc. now owns 8,403 shares of the restaurant operator’s stock valued at $488,000 after purchasing an additional 276 shares during the period. Institutional investors own 90.61% of the company’s stock.

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), Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.