Dine Brands Global Inc (NYSE:DIN) - Equities research analysts at Wedbush upped their Q3 2020 earnings per share (EPS) estimates for Dine Brands Global in a research report issued to clients and investors on Wednesday, October 14th. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings per share of $0.30 for the quarter, up from their previous estimate of ($0.12). Wedbush has a "Outperform" rating and a $70.00 price objective on the stock. Wedbush also issued estimates for Dine Brands Global's Q4 2020 earnings at $0.66 EPS, FY2020 earnings at $1.57 EPS, Q1 2021 earnings at $0.65 EPS, Q2 2021 earnings at $0.90 EPS, Q3 2021 earnings at $1.08 EPS, Q4 2021 earnings at $1.27 EPS, FY2021 earnings at $3.90 EPS, Q2 2022 earnings at $1.45 EPS and FY2022 earnings at $6.14 EPS.
DIN has been the subject of several other reports. Zacks Investment Research raised shares of Dine Brands Global from a "hold" rating to a "buy" rating and set a $63.00 price target for the company in a research note on Wednesday. TheStreet downgraded shares of Dine Brands Global from a "c" rating to a "d" rating in a research note on Wednesday, July 29th. MKM Partners lifted their price target on shares of Dine Brands Global from $50.00 to $54.00 and gave the company a "neutral" rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Dine Brands Global from $40.00 to $45.00 and gave the stock a "hold" rating in a research report on Thursday, July 30th. Finally, SunTrust Banks boosted their target price on shares of Dine Brands Global from $88.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of "Buy" and a consensus price target of $79.25.
DIN opened at $58.14 on Friday. Dine Brands Global has a 1-year low of $14.16 and a 1-year high of $104.46. The company has a market cap of $954.60 million, a P/E ratio of -15.38 and a beta of 1.86. The company has a fifty day moving average price of $58.83 and a two-hundred day moving average price of $46.19. Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, July 29th. The restaurant operator reported ($0.87) earnings per share for the quarter, topping analysts' consensus estimates of ($0.93) by $0.06. Dine Brands Global had a negative net margin of 8.13% and a negative return on equity of 24.91%. The business had revenue of $109.71 million during the quarter, compared to the consensus estimate of $99.66 million. During the same quarter last year, the firm earned $1.71 earnings per share. Dine Brands Global's quarterly revenue was down 51.9% on a year-over-year basis.
A number of institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in Dine Brands Global by 0.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 155,469 shares of the restaurant operator's stock worth $6,546,000 after purchasing an additional 542 shares during the last quarter. Deutsche Bank AG boosted its holdings in Dine Brands Global by 6.8% during the first quarter. Deutsche Bank AG now owns 9,823 shares of the restaurant operator's stock worth $281,000 after purchasing an additional 628 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Dine Brands Global by 64.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,748 shares of the restaurant operator's stock worth $74,000 after purchasing an additional 686 shares during the last quarter. Optimum Investment Advisors boosted its holdings in Dine Brands Global by 93.3% during the second quarter. Optimum Investment Advisors now owns 1,450 shares of the restaurant operator's stock worth $61,000 after purchasing an additional 700 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in Dine Brands Global by 5.3% during the first quarter. Thrivent Financial for Lutherans now owns 14,073 shares of the restaurant operator's stock worth $404,000 after purchasing an additional 702 shares during the last quarter. Institutional investors and hedge funds own 82.41% of the company's stock.
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 in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.
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7 Valuable China Stocks That May Get Delisted
As if investors didn’t have enough to think about in 2020, tensions between the United States and China are continuing to flare up. One of the issues, of course, is the “what did they know and when did they know it” events surrounding the novel coronavirus. There are also issues surrounding global supply chains and the fate of 5G networking.
But another issue that should be drawing the concern of investors is the threat of Chinese stocks being delisted from American exchanges. On Friday, June 26 Luckin Coffee was delisted from the NASDAQ. The company had been in hot water since reports early this year that it had credited itself with thousands of phantom sales.
But that isn’t the reason for the delisting. The reality is that Chinese companies don’t abide by the same agreed upon accounting standards as American companies. And that can make it harder for investors to get an accurate picture of what is going on with their business at a given moment.
However, like most issues between the two countries, it’s not as simple as that. There are Chinese companies that are considering voluntarily and unilaterally removing themselves from American exchanges and list on the Hong Kong or Shanghai exchanges.
While neither of these moves would mean that U.S. investors would be prohibited from trading these stocks, it could make it more difficult.
U.S. relations with China will be an issue during this election year, and likely beyond. It would be well worth your time and attention to pay careful attention to your current or planned exposure to these China stocks.
View the "7 Valuable China Stocks That May Get Delisted".