Wedbush Expects Reduced Earnings for Dine Brands Global

Dine Brands Global, Inc. (NYSE:DIN) – Research analysts at Wedbush reduced their Q4 2024 earnings per share (EPS) estimates for Dine Brands Global in a report released on Thursday, November 7th. Wedbush analyst N. Setyan now forecasts that the restaurant operator will earn $1.40 per share for the quarter, down from their previous estimate of $1.49. Wedbush has a “Outperform” rating and a $47.00 price target on the stock. The consensus estimate for Dine Brands Global’s current full-year earnings is $5.83 per share. Wedbush also issued estimates for Dine Brands Global’s Q2 2025 earnings at $1.71 EPS, Q4 2025 earnings at $1.51 EPS and FY2025 earnings at $6.18 EPS.

Other analysts have also issued research reports about the company. UBS Group dropped their price objective on Dine Brands Global from $51.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. CL King lowered Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Barclays upped their price objective on Dine Brands Global from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. KeyCorp dropped their price objective on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. Finally, StockNews.com lowered Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Dine Brands Global currently has an average rating of “Hold” and a consensus price target of $46.14.

Dine Brands Global Stock Performance

DIN opened at $33.72 on Monday. The business’s 50-day simple moving average is $31.17 and its 200 day simple moving average is $34.74. The firm has a market capitalization of $514.10 million, a PE ratio of 5.61 and a beta of 1.71. Dine Brands Global has a 52-week low of $28.25 and a 52-week high of $52.05.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.10. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The business had revenue of $195.00 million for the quarter, compared to analyst estimates of $198.40 million. During the same quarter in the prior year, the company posted $1.46 earnings per share. Dine Brands Global’s revenue was down 3.8% on a year-over-year basis.

Institutional Investors Weigh In On Dine Brands Global

A number of institutional investors have recently modified their holdings of DIN. Summit Securities Group LLC bought a new stake in shares of Dine Brands Global in the second quarter valued at about $35,000. Headlands Technologies LLC lifted its position in Dine Brands Global by 438.7% during the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 623 shares during the period. Quarry LP lifted its position in Dine Brands Global by 32.8% during the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock worth $83,000 after purchasing an additional 567 shares during the period. Signaturefd LLC lifted its position in Dine Brands Global by 383.4% during the third quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock worth $93,000 after purchasing an additional 2,358 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Dine Brands Global during the second quarter worth about $111,000. Institutional investors own 92.83% of the company’s stock.

Dine Brands Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were given a $0.51 dividend. The ex-dividend date was Friday, September 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.05%. 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.