Research Analysts Set Expectations for DIN FY2024 Earnings

Dine Brands Global, Inc. (NYSE:DIN - Free Report) - Stock analysts at Wedbush decreased their FY2024 earnings per share (EPS) estimates for Dine Brands Global in a note issued to investors on Friday, February 28th. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings per share of $5.86 for the year, down from their previous forecast of $5.88. Wedbush has a "Neutral" rating and a $28.00 price objective on the stock. The consensus estimate for Dine Brands Global's current full-year earnings is $5.84 per share. Wedbush also issued estimates for Dine Brands Global's Q4 2024 earnings at $1.38 EPS, Q1 2025 earnings at $1.27 EPS, Q2 2025 earnings at $1.63 EPS, Q3 2025 earnings at $1.50 EPS, Q4 2025 earnings at $1.43 EPS and FY2025 earnings at $5.83 EPS.

A number of other research firms have also recently weighed in on DIN. KeyCorp cut their price target on Dine Brands Global from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. UBS Group reaffirmed a "neutral" rating and set a $32.00 target price (down previously from $44.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. StockNews.com cut Dine Brands Global from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Piper Sandler cut their price objective on shares of Dine Brands Global from $40.00 to $38.00 and set a "neutral" rating on the stock in a research note on Monday, November 18th. Finally, CL King lowered shares of Dine Brands Global from a "buy" rating to a "neutral" rating in a research report on Monday, November 4th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $38.57.

Dine Brands Global Price Performance

Shares of DIN stock traded down $0.09 during trading hours on Monday, reaching $23.89. The stock had a trading volume of 161,080 shares, compared to its average volume of 494,510. The firm has a market capitalization of $364.17 million, a PE ratio of 3.97 and a beta of 1.75. The firm has a 50-day simple moving average of $28.23 and a 200-day simple moving average of $30.61. Dine Brands Global has a twelve month low of $23.59 and a twelve month high of $51.35.

Dine Brands Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.54%. The ex-dividend date is Monday, March 17th. Dine Brands Global's dividend payout ratio (DPR) is currently 33.94%.

Hedge Funds Weigh In On Dine Brands Global

A number of hedge funds have recently modified their holdings of DIN. Verition Fund Management LLC bought a new position in Dine Brands Global during the third quarter valued at approximately $765,000. JPMorgan Chase & Co. raised its holdings in shares of Dine Brands Global by 164.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 95,399 shares of the restaurant operator's stock valued at $2,979,000 after purchasing an additional 59,360 shares in the last quarter. Cibc World Market Inc. lifted its stake in shares of Dine Brands Global by 640.6% in the 4th quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator's stock valued at $14,905,000 after purchasing an additional 428,319 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Dine Brands Global by 50.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 29,686 shares of the restaurant operator's stock worth $909,000 after purchasing an additional 9,910 shares in the last quarter. Finally, Barclays PLC increased its position in Dine Brands Global by 135.4% during the third quarter. Barclays PLC now owns 35,946 shares of the restaurant operator's stock worth $1,123,000 after buying an additional 20,673 shares during the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

Dine Brands Global Company Profile

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.