Dine Brands Global (NYSE:DIN) Announces Quarterly Earnings Results, Misses Estimates By $0.26 EPS

Dine Brands Global (NYSE:DIN) issued its quarterly earnings data on Wednesday. The restaurant operator reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.26), Briefing.com reports. Dine Brands Global had a negative return on equity of 37.72% and a net margin of 11.69%. The firm had revenue of $206.24 million for the quarter, compared to analyst estimates of $210.54 million. During the same period in the previous year, the business earned $1.97 EPS. Dine Brands Global’s revenue for the quarter was down 3.5% compared to the same quarter last year.

Dine Brands Global Price Performance

Shares of Dine Brands Global stock traded down $0.51 during trading hours on Thursday, hitting $43.05. The company had a trading volume of 492,774 shares, compared to its average volume of 270,611. The company’s 50-day moving average is $45.58 and its two-hundred day moving average is $46.17. Dine Brands Global has a twelve month low of $41.76 and a twelve month high of $69.05. The company has a market cap of $665.25 million, a P/E ratio of 6.86 and a beta of 1.68.

Dine Brands Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Wednesday, March 20th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.74%. The ex-dividend date was Tuesday, March 19th. Dine Brands Global’s payout ratio is 32.74%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wedbush lowered their target price on shares of Dine Brands Global from $48.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday. Piper Sandler lowered their price objective on shares of Dine Brands Global from $49.00 to $48.00 and set a “neutral” rating for the company in a research report on Thursday. Truist Financial boosted their target price on Dine Brands Global from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. StockNews.com raised shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Finally, Benchmark upped their target price on shares of Dine Brands Global from $63.00 to $68.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.57.

About Dine Brands Global

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.