Dine Brands Global (NYSE:DIN) Issues Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Dine Brands Global (NYSE:DIN) posted its quarterly earnings results on Wednesday. The restaurant operator reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.11, Briefing.com reports. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. The firm had revenue of $195.00 million during the quarter, compared to the consensus estimate of $198.40 million. During the same quarter in the previous year, the firm posted $1.46 earnings per share. The company’s revenue was down 3.8% on a year-over-year basis.

Dine Brands Global Price Performance

Shares of DIN stock traded down $0.74 during trading hours on Thursday, reaching $35.25. 478,169 shares of the stock were exchanged, compared to its average volume of 434,909. The firm has a market capitalization of $539.33 million, a P/E ratio of 6.13 and a beta of 1.71. Dine Brands Global has a 12-month low of $28.25 and a 12-month high of $52.05. The business’s fifty day moving average is $31.00 and its two-hundred day moving average is $35.04.

Dine Brands Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were given a dividend of $0.51 per share. The ex-dividend date was Friday, September 20th. This represents a $2.04 annualized dividend and a dividend yield of 5.79%. Dine Brands Global’s dividend payout ratio is presently 34.23%.

Analyst Ratings Changes

DIN has been the topic of a number of recent research reports. Truist Financial reaffirmed a “hold” rating and set a $37.00 price objective (down previously from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. StockNews.com cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays boosted their price objective on shares of Dine Brands Global from $38.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday. CL King cut Dine Brands Global from a “buy” rating to a “neutral” rating in a research report on Monday. Finally, KeyCorp decreased their target price on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dine Brands Global currently has a consensus rating of “Hold” and a consensus target price of $46.14.

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.