Dine Brands Global (NYSE:DIN) Announces Earnings Results

Dine Brands Global (NYSE:DIN - Get Free Report) released its earnings results on Wednesday. The restaurant operator reported $0.87 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.48), RTT News reports. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The company had revenue of $204.80 million during the quarter, compared to the consensus estimate of $200.75 million. During the same quarter in the previous year, the business posted $1.40 EPS. The firm's quarterly revenue was down .7% on a year-over-year basis.

Dine Brands Global Trading Up 2.5 %

Shares of Dine Brands Global stock traded up $0.63 during midday trading on Friday, reaching $26.13. The company had a trading volume of 1,079,425 shares, compared to its average volume of 509,212. The company has a market capitalization of $398.33 million, a price-to-earnings ratio of 4.35 and a beta of 1.85. The stock has a fifty day simple moving average of $27.80 and a 200 day simple moving average of $30.41. Dine Brands Global has a 1-year low of $22.36 and a 1-year high of $50.59.

Dine Brands Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 7.81%. The ex-dividend date is Monday, March 17th. Dine Brands Global's dividend payout ratio (DPR) is currently 48.46%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DIN. Wedbush reduced their target price on shares of Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating for the company in a research note on Thursday. Barclays cut their price target on shares of Dine Brands Global from $32.00 to $26.00 and set an "equal weight" rating for the company in a research note on Thursday. UBS Group cut their price target on shares of Dine Brands Global from $32.00 to $25.00 and set a "neutral" rating for the company in a research note on Thursday. Truist Financial cut their price target on shares of Dine Brands Global from $37.00 to $27.00 and set a "hold" rating for the company in a research note on Thursday. Finally, Piper Sandler cut their price target on shares of Dine Brands Global from $40.00 to $38.00 and set a "neutral" rating for the company in a research note on Monday, November 18th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $29.50.

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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.