Dine Brands Global (NYSE:DIN) Issues Earnings Results

Dine Brands Global (NYSE:DIN) released its quarterly earnings results on Wednesday. The restaurant operator reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.36, FiscalAI reports. Dine Brands Global had a negative return on equity of 26.01% and a net margin of 3.91%.The company had revenue of $217.57 million during the quarter, compared to analysts’ expectations of $226.27 million. During the same quarter in the prior year, the firm posted $0.87 EPS. Dine Brands Global’s quarterly revenue was up 6.3% compared to the same quarter last year.

Dine Brands Global Stock Down 1.6%

Shares of DIN stock traded down $0.48 on Wednesday, reaching $30.16. The stock had a trading volume of 401,770 shares, compared to its average volume of 418,649. Dine Brands Global has a 12 month low of $18.63 and a 12 month high of $39.68. The firm has a market capitalization of $434.86 million, a price-to-earnings ratio of 13.41 and a beta of 0.97. The firm’s 50-day moving average is $34.52 and its two-hundred day moving average is $29.15.

Dine Brands Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Wednesday, March 18th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, March 18th. Dine Brands Global’s dividend payout ratio is 33.93%.

Hedge Funds Weigh In On Dine Brands Global

Several institutional investors and hedge funds have recently modified their holdings of the stock. Invesco Ltd. boosted its stake in shares of Dine Brands Global by 31.5% during the fourth quarter. Invesco Ltd. now owns 97,241 shares of the restaurant operator’s stock valued at $3,125,000 after purchasing an additional 23,277 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Dine Brands Global by 22.3% during the 4th quarter. Corient Private Wealth LLC now owns 22,653 shares of the restaurant operator’s stock valued at $728,000 after buying an additional 4,124 shares during the last quarter. State of Tennessee Department of Treasury bought a new position in shares of Dine Brands Global during the 4th quarter worth $194,000. Garton & Associates Financial Advisors LLC purchased a new stake in Dine Brands Global in the 4th quarter worth about $26,000. Finally, XTX Topco Ltd raised its stake in Dine Brands Global by 391.3% in the 4th quarter. XTX Topco Ltd now owns 87,958 shares of the restaurant operator’s stock valued at $2,827,000 after acquiring an additional 70,054 shares during the period. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DIN has been the topic of a number of recent analyst reports. Mizuho upped their target price on shares of Dine Brands Global from $28.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, January 9th. UBS Group boosted their price target on shares of Dine Brands Global from $21.00 to $35.00 and gave the company a “neutral” rating in a research report on Tuesday, January 6th. Barclays lifted their target price on Dine Brands Global from $26.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Dine Brands Global in a research note on Monday, December 29th. Finally, Zacks Research cut Dine Brands Global from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $31.29.

About Dine Brands Global

Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.