Wedbush Equities Analysts Lower Earnings Estimates for Dine Brands Global, Inc. (NYSE:DIN)

Dine Brands Global, Inc. (NYSE:DIN) – Wedbush cut their Q3 2024 earnings per share (EPS) estimates for shares of Dine Brands Global in a research note issued to investors on Tuesday, October 1st. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings per share of $1.40 for the quarter, down from their previous estimate of $1.42. Wedbush currently has a “Outperform” rating and a $47.00 target price on the stock. The consensus estimate for Dine Brands Global’s current full-year earnings is $5.86 per share. Wedbush also issued estimates for Dine Brands Global’s Q1 2025 earnings at $1.48 EPS.

Several other research firms also recently commented on DIN. Benchmark downgraded Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. UBS Group cut their target price on Dine Brands Global from $56.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Barclays cut their target price on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. StockNews.com upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Monday, September 2nd. Finally, KeyCorp cut their target price on Dine Brands Global from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $50.71.

Dine Brands Global Trading Down 0.5 %

Shares of NYSE:DIN opened at $34.54 on Wednesday. The firm has a market capitalization of $532.09 million, a PE ratio of 6.18 and a beta of 1.72. Dine Brands Global has a 1-year low of $28.25 and a 1-year high of $53.26. The business’s 50 day moving average is $31.59 and its 200-day moving average is $37.40.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.07. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The company had revenue of $206.30 million for the quarter, compared to analyst estimates of $210.46 million. During the same quarter last year, the firm earned $1.82 EPS. Dine Brands Global’s revenue for the quarter was down 1.0% compared to the same quarter last year.

Dine Brands Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.04 annualized dividend and a yield of 5.91%. Dine Brands Global’s payout ratio is 36.30%.

Hedge Funds Weigh In On Dine Brands Global

Several institutional investors have recently bought and sold shares of DIN. Janney Montgomery Scott LLC bought a new position in Dine Brands Global in the 4th quarter valued at $462,000. Armistice Capital LLC bought a new stake in shares of Dine Brands Global during the fourth quarter worth $3,724,000. Harvest Investment Advisors LLC raised its position in shares of Dine Brands Global by 4.5% during the fourth quarter. Harvest Investment Advisors LLC now owns 26,979 shares of the restaurant operator’s stock worth $1,340,000 after acquiring an additional 1,169 shares during the last quarter. Quarry LP raised its position in shares of Dine Brands Global by 207.2% during the fourth quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 489 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Dine Brands Global during the fourth quarter worth $317,000. Institutional investors own 92.83% of the company’s stock.

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.