Dine Brands Global, Inc. (NYSE:DIN – Free Report) – KeyCorp boosted their Q1 2024 earnings estimates for shares of Dine Brands Global in a research note issued to investors on Monday, October 16th. KeyCorp analyst E. Gonzalez now forecasts that the restaurant operator will post earnings of $1.74 per share for the quarter, up from their prior forecast of $1.71. KeyCorp currently has a “Overweight” rating and a $55.00 target price on the stock. The consensus estimate for Dine Brands Global’s current full-year earnings is $6.44 per share.
A number of other research analysts have also issued reports on DIN. 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. Barclays cut their price objective on shares of Dine Brands Global from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, August 4th. Wedbush reiterated a “neutral” rating and issued a $65.00 target price on shares of Dine Brands Global in a research report on Friday, August 4th. Truist Financial dropped their target price on shares of Dine Brands Global from $92.00 to $78.00 and set a “buy” rating on the stock in a research report on Friday, August 4th. Finally, UBS Group started coverage on shares of Dine Brands Global in a research report on Tuesday, September 5th. They set a “buy” rating and a $68.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.33.
Dine Brands Global Stock Performance
Shares of DIN opened at $51.14 on Wednesday. The company has a 50 day moving average price of $52.42 and a 200-day moving average price of $58.80. Dine Brands Global has a fifty-two week low of $45.37 and a fifty-two week high of $82.43. The stock has a market capitalization of $795.23 million, a PE ratio of 10.35 and a beta of 1.82.
Dine Brands Global (NYSE:DIN – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $1.82 EPS for the quarter, beating the consensus estimate of $1.53 by $0.29. The company had revenue of $208.40 million for the quarter, compared to the consensus estimate of $209.60 million. Dine Brands Global had a net margin of 9.03% and a negative return on equity of 36.32%. The firm’s revenue was down 12.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.65 EPS.
Dine Brands Global Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date was Monday, September 18th. Dine Brands Global’s dividend payout ratio is currently 41.30%.
Institutional Trading of Dine Brands Global
Large investors have recently bought and sold shares of the business. LSV Asset Management grew its stake in Dine Brands Global by 299.4% in the 1st 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 during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Dine Brands Global by 345.2% during the 4th quarter. JPMorgan Chase & Co. now owns 298,766 shares of the restaurant operator’s stock worth $19,300,000 after purchasing an additional 231,654 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position 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 worth $20,752,000 after acquiring an additional 185,072 shares during the last quarter. Norges Bank acquired a new stake in shares of Dine Brands Global in the fourth quarter worth approximately $9,052,000. Finally, Schonfeld Strategic Advisors LLC boosted its position in shares of Dine Brands Global by 135.0% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 224,450 shares of the restaurant operator’s stock worth $14,499,000 after acquiring an additional 128,955 shares during the last quarter. Institutional investors and hedge funds own 90.61% of the company’s stock.
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), Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.
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