Wall Street analysts predict that Dine Brands Global Inc (NYSE:DIN) will announce $245.14 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Dine Brands Global’s earnings, with the lowest sales estimate coming in at $244.87 million and the highest estimate coming in at $245.42 million. Dine Brands Global posted sales of $188.16 million during the same quarter last year, which suggests a positive year-over-year growth rate of 30.3%. The company is expected to issue its next quarterly earnings results on Wednesday, May 1st.
According to Zacks, analysts expect that Dine Brands Global will report full-year sales of $957.78 million for the current financial year, with estimates ranging from $955.77 million to $959.79 million. For the next financial year, analysts forecast that the company will post sales of $988.73 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Dine Brands Global.
Get Dine Brands Global alerts:Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Thursday, February 21st. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.13. Dine Brands Global had a net margin of 10.29% and a negative return on equity of 45.41%. The company had revenue of $174.60 million during the quarter, compared to analyst estimates of $197.28 million. During the same quarter last year, the business posted $0.48 EPS. Dine Brands Global’s quarterly revenue was up 21.2% compared to the same quarter last year.
Several research analysts have weighed in on the company. Zacks Investment Research raised Dine Brands Global from a “sell” rating to a “hold” rating in a research report on Thursday, November 15th. ValuEngine lowered Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. Maxim Group restated a “buy” rating on shares of Dine Brands Global in a research report on Wednesday, January 9th. Finally, Wedbush began coverage on Dine Brands Global in a research report on Thursday, January 31st. They issued an “outperform” rating and a $120.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Dine Brands Global has a consensus rating of “Buy” and a consensus target price of $115.75.
Dine Brands Global stock traded down $3.21 during midday trading on Friday, reaching $86.98. The company’s stock had a trading volume of 628,927 shares, compared to its average volume of 362,013. Dine Brands Global has a fifty-two week low of $61.89 and a fifty-two week high of $101.18. The company has a market cap of $1.58 billion, a P/E ratio of 16.20 and a beta of 0.52.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Wednesday, March 20th will be given a $0.69 dividend. This is a boost from Dine Brands Global’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Tuesday, March 19th. This represents a $2.76 annualized dividend and a yield of 3.17%. Dine Brands Global’s dividend payout ratio (DPR) is presently 46.93%.
In other Dine Brands Global news, Director Larry Alan Kay sold 700 shares of Dine Brands Global stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $99.00, for a total transaction of $69,300.00. Following the transaction, the director now owns 6,684 shares of the company’s stock, valued at approximately $661,716. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Bryan R. Adel sold 6,990 shares of Dine Brands Global stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $99.50, for a total transaction of $695,505.00. Following the transaction, the senior vice president now directly owns 23,397 shares in the company, valued at approximately $2,328,001.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,496 shares of company stock worth $2,110,338. 2.75% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. lifted its position in Dine Brands Global by 2,426.7% during the fourth quarter. Meeder Asset Management Inc. now owns 379 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 364 shares during the period. Enlightenment Research LLC purchased a new stake in Dine Brands Global during the 4th quarter worth about $27,000. Lindbrook Capital LLC purchased a new stake in Dine Brands Global during the 4th quarter worth about $51,000. Captrust Financial Advisors increased its position in Dine Brands Global by 159.8% during the 4th quarter. Captrust Financial Advisors now owns 847 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 521 shares in the last quarter. Finally, Cutler Group LP purchased a new stake in Dine Brands Global during the 4th quarter worth about $79,000.
About Dine Brands Global
Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.
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