Wedbush Predicts Weaker Earnings for Dine Brands Global

Dine Brands Global, Inc. (NYSE:DIN) – Research analysts at Wedbush reduced their Q4 2024 earnings per share (EPS) estimates for Dine Brands Global in a report issued on Thursday, November 7th. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings of $1.40 per share for the quarter, down from their prior forecast of $1.49. Wedbush has a “Outperform” rating and a $47.00 price objective on the stock. The consensus estimate for Dine Brands Global’s current full-year earnings is $5.83 per share. Wedbush also issued estimates for Dine Brands Global’s Q2 2025 earnings at $1.71 EPS, Q4 2025 earnings at $1.51 EPS and FY2025 earnings at $6.18 EPS.

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

Several other research firms also recently issued reports on DIN. KeyCorp decreased their price target on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. CL King downgraded Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Truist Financial reiterated a “hold” rating and set a $37.00 price target (down previously from $66.00) on shares of Dine Brands Global in a research note on Friday, October 4th. StockNews.com downgraded Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, Barclays increased their target price on Dine Brands Global from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $46.14.

Dine Brands Global Stock Performance

DIN opened at $34.45 on Monday. The company has a market cap of $525.36 million, a PE ratio of 5.73 and a beta of 1.71. The stock has a 50-day moving average of $31.13 and a 200-day moving average of $34.90. Dine Brands Global has a 52-week low of $28.25 and a 52-week high of $52.05.

Dine Brands Global Announces Dividend

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

Institutional Trading of Dine Brands Global

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

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.