Dine Brands Global, Inc. (NYSE:DIN) to Post Q2 2023 Earnings of $1.48 Per Share, KeyCorp Forecasts

Posted by Defense World Staff on Jul 22nd, 2023

Dine Brands Global, Inc. (NYSE:DIN – Free Report) – Equities research analysts at KeyCorp decreased their Q2 2023 EPS estimates for shares of Dine Brands Global in a research note issued on Tuesday, July 18th. KeyCorp analyst E. Gonzalez now anticipates that the restaurant operator will earn $1.48 per share for the quarter, down from their previous forecast of $1.69. The consensus estimate for Dine Brands Global’s current full-year earnings is $6.48 per share. KeyCorp also issued estimates for Dine Brands Global’s Q3 2023 earnings at $1.36 EPS, Q4 2023 earnings at $1.33 EPS, Q1 2024 earnings at $1.70 EPS, Q2 2024 earnings at $1.70 EPS, Q3 2024 earnings at $1.58 EPS, Q4 2024 earnings at $1.56 EPS and FY2024 earnings at $6.54 EPS.

A number of other equities research analysts also recently commented on the stock. StockNews.com downgraded shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Friday. Wedbush downgraded shares of Dine Brands Global from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $80.00 to $65.00 in a research report on Wednesday, June 14th. 888 reissued a “downgrade” rating on shares of Dine Brands Global in a research report on Wednesday, June 14th. Barclays dropped their price objective on shares of Dine Brands Global from $84.00 to $80.00 in a research report on Thursday, May 4th. Finally, Piper Sandler started coverage on shares of Dine Brands Global in a research note on Monday, July 17th. They set a “neutral” rating and a $63.00 price target on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dine Brands Global currently has a consensus rating of “Moderate Buy” and an average target price of $75.33.

Dine Brands Global Trading Up 0.3 %

Shares of NYSE:DIN opened at $59.54 on Friday. Dine Brands Global has a 52 week low of $56.00 and a 52 week high of $82.43. The company’s 50 day moving average is $61.01 and its two-hundred day moving average is $67.56. The company has a market cap of $932.40 million, a PE ratio of 11.38 and a beta of 1.82.

Dine Brands Global (NYSE:DIN – Get Free Report) last announced its quarterly earnings data on Wednesday, May 3rd. The restaurant operator reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.27. Dine Brands Global had a net margin of 9.37% and a negative return on equity of 35.04%. The company had revenue of $213.77 million for the quarter, compared to the consensus estimate of $207.04 million. During the same period in the prior year, the firm posted $1.54 EPS. The company’s quarterly revenue was down 7.2% compared to the same quarter last year.

Dine Brands Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 7th. Investors of record on Tuesday, June 20th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, June 16th. This represents a $2.04 annualized dividend and a yield of 3.43%. Dine Brands Global’s dividend payout ratio is currently 39.01%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Dine Brands Global by 2.6% in the first quarter. Vanguard Group Inc. now owns 2,113,696 shares of the restaurant operator’s stock valued at $164,763,000 after acquiring an additional 54,446 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Dine Brands Global by 0.8% in the fourth quarter. Alliancebernstein L.P. now owns 1,730,661 shares of the restaurant operator’s stock valued at $111,801,000 after acquiring an additional 14,212 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Dine Brands Global by 299.4% in the first quarter. LSV Asset Management now owns 732,092 shares of the restaurant operator’s stock valued at $49,519,000 after acquiring an additional 548,775 shares in the last quarter. State Street Corp boosted its holdings in shares of Dine Brands Global by 3.7% in the first quarter. State Street Corp now owns 570,271 shares of the restaurant operator’s stock valued at $44,711,000 after acquiring an additional 20,343 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Dine Brands Global by 135.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 321,239 shares of the restaurant operator’s stock valued at $20,752,000 after acquiring an additional 185,072 shares in the last quarter. 94.75% of the stock is owned by hedge funds and other institutional investors.

About Dine Brands Global

(Get Free Report)

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.