FY2024 EPS Estimates for Dine Brands Global Cut by Wedbush

Dine Brands Global, Inc. (NYSE:DIN) – Equities research analysts at Wedbush reduced their FY2024 EPS estimates for shares of Dine Brands Global in a research note issued to investors on Thursday, November 7th. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings of $5.88 per share for the year, down from their previous estimate of $5.93. Wedbush currently has a “Outperform” rating and a $47.00 target price on the stock. The consensus estimate for Dine Brands Global’s current full-year earnings is $5.77 per share. Wedbush also issued estimates for Dine Brands Global’s Q1 2025 earnings at $1.40 EPS and Q3 2025 earnings at $1.56 EPS.

DIN has been the topic of a number of other research reports. Barclays lifted their price target on shares of Dine Brands Global from $38.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday. CL King cut shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Benchmark restated a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. KeyCorp lowered their price objective on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. Finally, UBS Group cut their target price on Dine Brands Global from $51.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dine Brands Global has an average rating of “Hold” and an average price target of $46.14.

Dine Brands Global Trading Down 2.2 %

DIN opened at $34.45 on Friday. The stock’s 50 day simple moving average is $31.13 and its 200-day simple moving average is $34.90. The stock has a market cap of $527.09 million, a PE ratio of 5.73 and a beta of 1.71. Dine Brands Global has a 1 year low of $28.25 and a 1 year high of $52.05.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.10. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The firm had revenue of $195.00 million for the quarter, compared to analyst estimates of $198.40 million. During the same period in the previous year, the company posted $1.46 earnings per share. The company’s quarterly revenue was down 3.8% compared to the same quarter last year.

Institutional Investors Weigh In On Dine Brands Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DIN. Factorial Partners LLC lifted its stake in Dine Brands Global by 217.6% in the third quarter. Factorial Partners LLC now owns 104,816 shares of the restaurant operator’s stock valued at $3,273,000 after acquiring an additional 71,816 shares during the last quarter. LMR Partners LLP acquired a new stake in Dine Brands Global in the 3rd quarter valued at about $239,000. Quest Partners LLC lifted its stake in Dine Brands Global by 965.3% in the 3rd quarter. Quest Partners LLC now owns 16,565 shares of the restaurant operator’s stock valued at $517,000 after purchasing an additional 15,010 shares during the last quarter. Victory Capital Management Inc. bought a new position in Dine Brands Global during the third quarter worth about $225,000. Finally, Aigen Investment Management LP increased its position in Dine Brands Global by 65.0% during the third quarter. Aigen Investment Management LP now owns 20,687 shares of the restaurant operator’s stock worth $646,000 after buying an additional 8,149 shares during the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Dine Brands Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date was Friday, September 20th. Dine Brands Global’s dividend payout ratio is presently 33.94%.

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