Wall Street brokerages predict that Dine Brands Global (NYSE:DIN) will report $173.59 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Dine Brands Global’s earnings, with the highest sales estimate coming in at $193.77 million and the lowest estimate coming in at $153.40 million. Dine Brands Global reported sales of $156.17 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11.2%. The company is scheduled to report its next earnings results before the market opens on Wednesday, May 2nd.
On average, analysts expect that Dine Brands Global will report full-year sales of $677.80 million for the current fiscal year, with estimates ranging from $607.36 million to $748.24 million. For the next financial year, analysts expect that the company will report sales of $688.20 million per share, with estimates ranging from $628.68 million to $747.72 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Dine Brands Global.
Dine Brands Global (NYSE:DIN) last released its earnings results on Tuesday, February 20th. The restaurant operator reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.10. The company had revenue of $148.78 million during the quarter, compared to the consensus estimate of $147.98 million. Dine Brands Global had a positive return on equity of 230.88% and a negative net margin of 54.71%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.37 earnings per share.
A number of equities research analysts have recently weighed in on DIN shares. Zacks Investment Research upgraded Dine Brands Global from a “sell” rating to a “hold” rating in a research report on Monday, January 15th. Maxim Group restated a “buy” rating and set a $87.00 target price (up previously from $62.00) on shares of Dine Brands Global in a research report on Tuesday, February 20th. Raymond James Financial upgraded Dine Brands Global from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $36.71 to $85.00 in a research report on Monday, February 26th. ValuEngine downgraded Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Standpoint Research reiterated a “hold” rating on shares of Dine Brands Global in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $68.14.
Shares of DIN stock traded down $1.18 on Friday, reaching $72.43. 117,436 shares of the stock were exchanged, compared to its average volume of 416,896. The company has a market cap of $1,294.77, a P/E ratio of 17.58 and a beta of 0.22. Dine Brands Global has a one year low of $36.71 and a one year high of $79.66. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of -9.35.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 6th. Investors of record on Monday, March 19th were issued a $0.63 dividend. The ex-dividend date was Sunday, March 18th. This represents a $2.52 dividend on an annualized basis and a yield of 3.48%. Dine Brands Global’s dividend payout ratio is presently 60.72%.
In other news, Director Larry Alan Kay sold 1,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $74.28, for a total transaction of $74,280.00. Following the completion of the transaction, the director now directly owns 8,599 shares of the company’s stock, valued at $638,733.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Bryan R. Adel sold 983 shares of the company’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $78.21, for a total value of $76,880.43. The disclosure for this sale can be found here. Corporate insiders own 2.75% of the company’s stock.
Several hedge funds have recently bought and sold shares of DIN. SFE Investment Counsel raised its stake in Dine Brands Global by 13.6% in the fourth quarter. SFE Investment Counsel now owns 7,763 shares of the restaurant operator’s stock valued at $394,000 after buying an additional 932 shares during the period. Victory Capital Management Inc. raised its stake in Dine Brands Global by 6.5% in the fourth quarter. Victory Capital Management Inc. now owns 16,043 shares of the restaurant operator’s stock valued at $814,000 after buying an additional 975 shares during the period. Teachers Advisors LLC raised its stake in Dine Brands Global by 3.1% in the fourth quarter. Teachers Advisors LLC now owns 32,753 shares of the restaurant operator’s stock valued at $1,662,000 after buying an additional 982 shares during the period. Legal & General Group Plc raised its stake in Dine Brands Global by 5.0% in the third quarter. Legal & General Group Plc now owns 34,641 shares of the restaurant operator’s stock valued at $1,488,000 after buying an additional 1,644 shares during the period. Finally, QS Investors LLC raised its stake in Dine Brands Global by 10.8% in the fourth quarter. QS Investors LLC now owns 22,183 shares of the restaurant operator’s stock valued at $1,125,000 after buying an additional 2,166 shares during the period. 96.78% of the stock is owned by institutional investors.
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Dine Brands Global Company Profile
Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.
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