Dine Brands Global (NYSE:DIN) Releases Earnings Results, Misses Estimates By $0.26 EPS

Dine Brands Global (NYSE:DIN - Get Free Report) posted its quarterly earnings data on Wednesday. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.26), Briefing.com reports. The company had revenue of $206.24 million for the quarter, compared to analysts' expectations of $210.54 million. Dine Brands Global had a net margin of 11.69% and a negative return on equity of 37.72%. The business's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.97 earnings per share.

Dine Brands Global Price Performance

DIN traded down $0.51 during trading hours on Thursday, reaching $43.05. The company's stock had a trading volume of 492,774 shares, compared to its average volume of 270,611. The business's 50-day moving average is $45.47 and its 200-day moving average is $46.15. The stock has a market cap of $665.25 million, a PE ratio of 6.91 and a beta of 1.68. Dine Brands Global has a fifty-two week low of $41.76 and a fifty-two week high of $69.05.

Dine Brands Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Wednesday, March 20th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend was Tuesday, March 19th. Dine Brands Global's payout ratio is presently 32.74%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DIN shares. Truist Financial boosted their price objective on Dine Brands Global from $70.00 to $74.00 and gave the stock a "buy" rating in a research note on Thursday, February 29th. Piper Sandler reduced their price objective on Dine Brands Global from $49.00 to $48.00 and set a "neutral" rating for the company in a research note on Thursday. KeyCorp dropped their target price on shares of Dine Brands Global from $57.00 to $52.00 and set an "overweight" rating for the company in a report on Tuesday, April 9th. StockNews.com raised shares of Dine Brands Global from a "hold" rating to a "buy" rating in a research note on Friday, May 3rd. Finally, Benchmark upped their price objective on shares of Dine Brands Global from $63.00 to $68.00 and gave the company a "buy" rating in a research note on Monday, March 4th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $58.57.

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.