Dine Brands Global Inc (NYSE:DIN) – Equities research analysts at SunTrust Banks issued their FY2019 earnings per share (EPS) estimates for Dine Brands Global in a report issued on Tuesday, December 10th. SunTrust Banks analyst J. Bartlett forecasts that the restaurant operator will post earnings of $6.83 per share for the year. SunTrust Banks currently has a “Buy” rating and a $111.00 target price on the stock. SunTrust Banks also issued estimates for Dine Brands Global’s Q4 2019 earnings at $1.67 EPS, Q1 2020 earnings at $1.85 EPS, Q2 2020 earnings at $1.96 EPS, Q3 2020 earnings at $1.77 EPS, Q4 2020 earnings at $1.98 EPS, FY2020 earnings at $7.56 EPS and FY2021 earnings at $7.98 EPS.
DIN has been the subject of several other reports. Maxim Group reiterated a “buy” rating on shares of Dine Brands Global in a report on Thursday, October 31st. Zacks Investment Research upgraded shares of Dine Brands Global from a “sell” rating to a “hold” rating in a report on Monday, December 9th. MKM Partners started coverage on shares of Dine Brands Global in a report on Thursday, September 26th. They issued a “buy” rating and a $90.00 price objective for the company. Barclays decreased their price objective on shares of Dine Brands Global from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Friday, October 18th. Finally, Wedbush reiterated a “buy” rating on shares of Dine Brands Global in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $103.38.
Dine Brands Global stock opened at $81.42 on Thursday. The firm has a 50 day simple moving average of $78.96 and a 200-day simple moving average of $82.41. The stock has a market capitalization of $1.40 billion, a PE ratio of 15.16 and a beta of 0.41. Dine Brands Global has a 12-month low of $65.63 and a 12-month high of $104.00.
Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.06. The business had revenue of $186.90 million during the quarter, compared to analysts’ expectations of $224.13 million. Dine Brands Global had a net margin of 11.46% and a negative return on equity of 57.98%. The business’s revenue was down 3.7% on a year-over-year basis. During the same period last year, the firm posted $1.53 earnings per share.
Hedge funds have recently added to or reduced their stakes in the stock. Coastal Investment Advisors Inc. acquired a new stake in Dine Brands Global during the second quarter valued at approximately $29,000. Advisor Group Inc. lifted its stake in Dine Brands Global by 4,107.7% during the second quarter. Advisor Group Inc. now owns 547 shares of the restaurant operator’s stock valued at $52,000 after purchasing an additional 534 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Dine Brands Global by 515.0% during the second quarter. Tower Research Capital LLC TRC now owns 615 shares of the restaurant operator’s stock valued at $59,000 after purchasing an additional 515 shares during the last quarter. NumerixS Investment Technologies Inc lifted its stake in Dine Brands Global by 133.3% during the second quarter. NumerixS Investment Technologies Inc now owns 1,400 shares of the restaurant operator’s stock valued at $134,000 after purchasing an additional 800 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Dine Brands Global during the second quarter valued at approximately $185,000.
In related news, Director Larry Alan Kay sold 339 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $77.86, for a total transaction of $26,394.54. Following the completion of the sale, the director now directly owns 6,600 shares of the company’s stock, valued at $513,876. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.71% of the stock is owned by corporate insiders.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Thursday, December 19th. Dine Brands Global’s dividend payout ratio is presently 51.40%.
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 in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.
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