Wedbush Equities Analysts Reduce Earnings Estimates for DIN

Dine Brands Global, Inc. (NYSE:DIN) – Equities researchers at Wedbush cut their FY2024 EPS estimates for shares of Dine Brands Global in a research note issued to investors on Friday, February 28th. Wedbush analyst N. Setyan now forecasts that the restaurant operator will earn $5.86 per share for the year, down from their prior forecast of $5.88. Wedbush currently has a “Neutral” rating and a $28.00 price target 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.

Other equities analysts also recently issued reports about the company. UBS Group reiterated a “neutral” rating and set a $32.00 price objective (down from $44.00) on shares of Dine Brands Global in a research report on Tuesday, January 7th. Barclays reissued an “equal weight” rating and set a $32.00 price target (down from $43.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. KeyCorp decreased their price objective on shares of Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Friday, January 31st. CL King cut Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Finally, StockNews.com lowered Dine Brands Global from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $38.57.

Dine Brands Global Trading Down 4.3 %

NYSE:DIN opened at $24.00 on Monday. The stock has a 50 day moving average of $28.23 and a 200-day moving average of $30.61. The firm has a market capitalization of $365.90 million, a PE ratio of 3.99 and a beta of 1.75. Dine Brands Global has a 52 week low of $23.82 and a 52 week high of $51.35.

Institutional Trading of Dine Brands Global

A number of hedge funds have recently bought and sold shares of DIN. Point72 DIFC Ltd acquired a new stake in shares of Dine Brands Global during the third quarter valued at approximately $29,000. Mountain Hill Investment Partners Corp. acquired a new stake in Dine Brands Global during the 4th quarter valued at $30,000. Ancora Advisors LLC acquired a new stake in Dine Brands Global during the 4th quarter valued at $40,000. EMC Capital Management lifted its holdings in shares of Dine Brands Global by 2,570.0% in the fourth quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator’s stock valued at $88,000 after purchasing an additional 2,827 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Dine Brands Global in the fourth quarter worth $89,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

Dine Brands Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.51 per share. The ex-dividend date is Monday, March 17th. This represents a $2.04 annualized dividend and a yield of 8.50%. Dine Brands Global’s payout ratio is presently 33.94%.

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.