FY2024 EPS Estimates for Dine Brands Global Cut by Wedbush

Dine Brands Global, Inc. (NYSE:DIN) – Equities research analysts at Wedbush lowered their FY2024 earnings per share estimates for Dine Brands Global in a research note issued to investors on Thursday, November 7th. Wedbush analyst N. Setyan now anticipates that the restaurant operator will earn $5.88 per share for the year, down from their prior forecast of $5.93. 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 $5.77 per share. Wedbush also issued estimates for Dine Brands Global’s Q1 2025 earnings at $1.40 EPS and Q3 2025 earnings at $1.56 EPS.

Several other research firms also recently issued reports on DIN. CL King downgraded shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday. UBS Group lowered their target price on shares of Dine Brands Global from $51.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday. KeyCorp reduced their target price on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. StockNews.com lowered shares of Dine Brands Global from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Barclays upped their price target on Dine Brands Global from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $46.14.

Dine Brands Global Trading Down 2.1 %

NYSE DIN opened at $35.25 on Friday. The company has a market cap of $539.33 million, a P/E ratio of 5.91 and a beta of 1.71. Dine Brands Global has a 1 year low of $28.25 and a 1 year high of $52.05. The company has a fifty day simple moving average of $31.07 and a 200 day simple moving average of $35.04.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. The company had revenue of $195.00 million during the quarter, compared to the consensus estimate of $198.40 million. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period last year, the business earned $1.46 EPS.

Institutional Investors Weigh In On Dine Brands Global

Several large investors have recently added to or reduced their stakes in DIN. First Eagle Investment Management LLC raised its stake in shares of Dine Brands Global by 9.9% in the first quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock valued at $12,086,000 after buying an additional 23,400 shares during the period. Quantbot Technologies LP boosted its stake in Dine Brands Global by 58.7% during the first quarter. Quantbot Technologies LP now owns 12,320 shares of the restaurant operator’s stock valued at $573,000 after buying an additional 4,557 shares during the period. Headlands Technologies LLC grew 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 buying an additional 623 shares in the last quarter. Clearline Capital LP raised its holdings in shares of Dine Brands Global by 225.0% in the 2nd quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock valued at $4,510,000 after acquiring an additional 86,241 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in Dine Brands Global by 19.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 148,286 shares of the restaurant operator’s stock worth $5,368,000 after buying an additional 24,556 shares in the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 20th were paid a $0.51 dividend. 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 34.23%.

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.