Dine Brands Global (NYSE:DIN) announced its earnings results on Tuesday, February 20th. The restaurant operator reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.10, Bloomberg Earnings reports. The business had revenue of $148.78 million during the quarter, compared to analysts’ expectations of $147.98 million. Dine Brands Global had a negative net margin of 54.71% and a positive return on equity of 230.88%. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the company posted $1.37 EPS. Dine Brands Global updated its FY18 guidance to $4.95-5.25 EPS.
Shares of Dine Brands Global (NYSE DIN) traded down $0.82 during midday trading on Wednesday, hitting $69.82. 559,858 shares of the stock traded hands, compared to its average volume of 442,505. Dine Brands Global has a one year low of $36.71 and a one year high of $79.66. The company has a market cap of $1,341.38, a price-to-earnings ratio of -3.81 and a beta of 0.10. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of -9.35.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Monday, March 19th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Sunday, March 18th. Dine Brands Global’s dividend payout ratio (DPR) is presently -21.16%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Skylands Capital LLC lifted its stake in Dine Brands Global by 30.6% in the third quarter. Skylands Capital LLC now owns 40,400 shares of the restaurant operator’s stock valued at $1,736,000 after buying an additional 9,457 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Dine Brands Global by 32.1% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,136 shares of the restaurant operator’s stock valued at $392,000 after buying an additional 2,220 shares in the last quarter. Vanguard Group Inc. lifted its stake in Dine Brands Global by 3.7% in the second quarter. Vanguard Group Inc. now owns 1,578,848 shares of the restaurant operator’s stock valued at $69,548,000 after buying an additional 56,955 shares in the last quarter. Aperio Group LLC raised its holdings in shares of Dine Brands Global by 160.7% in the third quarter. Aperio Group LLC now owns 43,440 shares of the restaurant operator’s stock valued at $1,867,000 after purchasing an additional 26,780 shares during the last quarter. Finally, U S Global Investors Inc. acquired a new stake in shares of Dine Brands Global in the third quarter valued at approximately $946,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on DIN shares. Maxim Group restated a “buy” rating and issued a $87.00 price objective (up previously from $62.00) on shares of Dine Brands Global in a research report on Tuesday, February 20th. ValuEngine upgraded shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Raymond James Financial upgraded shares of Dine Brands Global from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $36.71 to $85.00 in a research report on Monday, February 26th. Standpoint Research restated a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, February 27th. Finally, Zacks Investment Research upgraded shares of Dine Brands Global from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $68.14.
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Dine Brands Global Company Profile
Dine Brands Global, Inc, formerly DineEquity, Inc, through its subsidiaries, owns and franchises the Applebee’s Neighborhood Grill & Bar (Applebee’s) concept in the bar and grill segment within the casual dining category of the restaurant industry. The Company owns, franchises and operates the International House of Pancakes (IHOP) concept in the family dining category of the restaurant industry.
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